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          Oil

          A cargo ship on the Huangpu River in Shanghai. China, the world's second-largest economy, has driven oil demand growth for the past two decades. EPA

          Oil prices post weekly loss on concerns over crude demand growth

          EnergyDecember 20, 2024
          Adnoc headquarters in Abu Dhabi. In October, XRG, then known as Adnoc International, agreed to buy Covestro for an enterprise value of €14.7 billion ($15.3 billion). Khushnum Bhandari / The National

          Covestro shareholders approve XRG takeover deal

          EnergyDecember 19, 2024
          A Syrian man works at a makeshift refinery near Al Bab, Aleppo province in 2022. During the war, oil was refined in primitive and polluting local centres. AFP

          What will happen to Syrian oil after Assad?

          EnergyDecember 16, 2024
          The Zawiya Refinery is currently Libya's second-biggest crude refinery, with a capacity of 120,000 bpd, behind only the 220,000 bpd at the Ras Lanuf refinery. Reuters

          Libya's force majeure at Zawiya Refinery sparks new economic challenges

          EnergyDecember 15, 2024
          An oil terminal in Saint Petersburg, Russia. The EU has approved a 15th sanctions package, this time on Russia’s shadow tanker fleet. EPA

          Oil posts weekly gain amid concerns over sanctions curtailing oil supply

          EnergyDecember 13, 2024
          Last week, Opec announced that it has extended its supply cuts until the end of 2026. Reuters

          Opec cuts 2024 oil demand forecast amid weaker quarterly data

          EnergyDecember 11, 2024
          Opec+ introduced the cuts of 2 million barrels per day in October 2022. Reuters

          What if Opec+ had chosen not to cut oil output two years ago?

          EnergyDecember 09, 2024
          For the week ending December 6, Brent prices lost more than 2.5 per cent, while WTI posted a drop of 1.2 per cent. Reuters

          Oil posts weekly loss despite Opec+ extending voluntary output cuts

          EnergyDecember 07, 2024
          Opec's headquarters in Vienna, Austria. Current balances suggest global oil supply will exceed demand by more than one million bpd next year, the International Energy Agency said in November. EPA

          Opec+ extends voluntary output cuts of 2.2 million bpd until March 2025

          EnergyDecember 05, 2024
          Aramco aims to achieve net-zero Scope 1 and Scope 2 emissions by 2050. Bloomberg

          Aramco buys 10% stake in Horse Powertrain to boost mobility solutions

          EnergyDecember 02, 2024
          The UAE deregulated fuel prices in 2015, aligning them with market fluctuations. Christopher Pike / The National

          UAE petrol prices to fall in December

          EnergyNovember 30, 2024
          Brazil is one of the UAE's top trading partners in Latin America. Getty

          Abu Dhabi Investment Group to invest $100bn in Brazil

          EconomyNovember 29, 2024
          The Opec+ group has total production cuts of 5.86 million barrels per day in place. Reuters

          Oil posts weekly loss as tensions ease in Middle East and demand uncertainty grows

          EnergyNovember 29, 2024
          Drilling in Iraq’s semi-autonomous Kurdish region. Baghdad and Kurdistan have failed to agree on how to resume oil exports but could do so soon. Photo: Taqa

          Iraqi MPs survey revised budget aimed at reimbursing Kurdish oil losses

          NewsNovember 26, 2024
          The ceasefire proposal outlines a truce under which Israel would withdraw its troops from southern Lebanon within days. Nada Atallah / The National

          Oil edges higher after dip from Trump tariffs and ceasefire optimism

          EnergyNovember 26, 2024
          Guests during the launch of AI71 in Abu Dhabi. Pawan Singh / The National

          How the UAE is using oil to transition into an AI economy

          EconomyNovember 23, 2024