Oil prices rebounded over 1% on Tuesday with technical rebound and dip buying after a drop in prior session by OPEC+ decision to accelerate increases in output, although concerns about the market surplus outlook persisted. Brent crude futures rose 92 cents to $61.15 a barrel by 0309 GMT, while U.S. West Texas Intermediate crude added […]
Shareholders voted overwhelmingly to approve the dividend proposals brought forth by each companies’ Boards of Directors ADNOC Group’s publicly traded portfolio companies collectively endorsed over $6.7 billion (AED24.6 billion) in annual dividend payments to shareholders for 2024, reflecting their strong financial health and commitment to shareholders value. At the Annual General Meetings (AGM) of all […]
By most measures the oil market is the weakest it has been since late June before Saudi Arabia and its OPEC⁺ partners reduced by crude production by more than 1 million barrels per day. Front-month prices and calendar spreads have retreated sharply since the end of September, reversing much of the spectacular increase over the […]
