by Jennifer George | August 30, 2024 | Energy, Industry, News
Despite evolving geopolitical tensions in the Middle East, the global price of oil remained stable, signaling a possible drop in petrol prices in the UAE. The UAE fuel price committee is expected to revise retail fuel prices for September to align them with global...
by Jibran Munaf | August 28, 2024 | Automotive, Energy, Green
Ford Motor Company is making a strategic $1.9 billion shift in its electric vehicle (EV) strategy, moving away from its traditional profit centers of large trucks and SUVs. Instead, Ford is focusing on smaller, more affordable EVs and expanding its hybrid models. This...
by Jibran Munaf | August 19, 2024 | Derivatives, Energy, Industry, News
The 37th OPEC and non-OPEC Ministerial Meeting decided to extend the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) starting 1 January 2025 until 31 December 2025. Participating Countries...
by Vasu Jit Kalia | August 14, 2024 | Energy
French energy major TotalEnergies has joined a growing list of Western multinationals moving out from Pakistan, in the latest blow for the economy in crisis. At least nine companies, including Norwegian telecom Telenor and Shell Oil, have announced moves to partly or...
by Vasu Jit Kalia | August 12, 2024 | Energy
ADNOC Group’s listed portfolio companies have reported strong financial results for the second quarter and first half of 2024. The six companies reported AED89 billion in combined revenue, AED28.4 billion of earnings before interest, taxes, depreciation and...
by Vasu Jit Kalia | August 6, 2024 | Energy
ADNOC Drilling Company announced record financial results for the second quarter and first half of 2024. The company’s net profit for the quarter also grew, up 29% year-on-year and 7% sequentially to $295 million, driven by the increase in EBITDA, while for the...
