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New trade deal with UAE reaffirms its USD 30B investment : Korea.net : The official website of the Republic of Korea

New trade deal with UAE reaffirms its USD 30B investment : Korea.net : The official website of the Republic of Korea
korea.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from korea.net Daily Mail and Mail on Sunday newspapers.

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UAE's ADNOC to reach 5 Mln bpd oil capacity goal early 2026

Abu Dhabi National Oil Co. (ADNOC) is likely to reach its 5 Mln bpd goal by the end of next year or early 2026,

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UAE's ADNOC to reach 5 MMbpd oil capacity goal early despite OPEC production quotas

Abu Dhabi National Oil Co.(ADNOC) is likely to reach its 5 MMbpd goal by the end of next year or early 2026, ahead of the 2027 goal the company had set, according to people with knowledge of the operations. The higher capacity will be a potential source of tension as OPEC and its allies deliberates new production quotas later this year.

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Crude oil prices on track for sharp weekly decline

Brent and WTI prices declined due to demand concerns and US interest rates. Fed's cautious stance on rate cuts affected prices. US stockpiles increased, while Russia exceeded production quota. OPEC+ meeting in June likely to extend output cuts to balance global supply.

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OPEC+ to Hold Next Month's Meeting Online Rather Than in Vienna

OPEC+ to Hold Next Month's Meeting Online Rather Than in Vienna
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Adnoc, Aramco Said to Mull Bids for Shell South Africa Assets

Adnoc, Aramco Said to Mull Bids for Shell South Africa Assets
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ADNOC, Aramco considering bids for Shell's South Africa assets, Bloomberg News reports

ADNOC, Aramco considering bids for Shell's South Africa assets, Bloomberg News reports
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