Crude oil futures sustain prices above $100 per barrel amid Middle East supply risks
Global crude prices remained elevated above $100 per barrel on Monday as market traders digest ongoing maritime transit friction and regional energy security concerns.
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BRICS Summit issues joint declaration calling for protection of energy supply chains
BRICS member nations issued a joint statement calling for restraint and safeguarding of vital energy supply chains in West Asia.
Read moreBrent crude jumps past $100 following strikes on Saudi oil pipeline
Oil prices surged past $100 per barrel as satellite imagery revealed fires along Saudi Arabia’s East-West Petroline after suspected drone and missile strikes.
Read moreUAE commits €40 billion investment to Germany’s tech and energy sectors
UAE President Sheikh Mohamed bin Zayed and German Chancellor Friedrich Merz signed key agreements including a €40 billion UAE investment into Germany.
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Brent crosses $100 as Gulf attacks deepen fears over energy supplies
Brent crude climbed above $100 a barrel as fresh attacks on Saudi energy infrastructure and escalating US-Iran tensions raised concerns over Gulf oil supplies and shipping.
Read moreOman crude price rises by $2.74 as global oil markets remain volatile
Oman’s crude price has risen by $2.74 as international oil markets react to renewed attacks on Gulf energy infrastructure and shipping routes.
Read more73 injured as Houthi attacks hit Saudi cities and energy facilities
At least 73 people, including women and children, were injured after Houthi attacks targeted civilian and economic sites in several southern Saudi cities, according to Saudi authorities.
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ADNOC Distribution posts record H1 net profit of 568 million dollars
ADNOC Distribution reported a record first-half 2026 net profit of $568 million, up 59% year-on-year on strong fuel volumes and retail expansion.
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Saudi Aramco reports 33.4 billion dollar net income for second quarter of 2026
Saudi Aramco reports $33.4 billion net income for Q2 2026 and declares an $82.1 billion dividend for shareholders.
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Saudi Arabia reinforces labor compliance frameworks and optimizes infrastructure timelines
Saudi authorities are reinforcing labor law compliance via the Qiwa platform, while infrastructure progress expands with a new $556 million contract at Jafurah.
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Oman implements modern digital laws and expands international energy partnerships
Oman has enacted a comprehensive Cybercrime Law via Royal Decree, expanded OQ energy operations into Libya, and achieved a global top-two safety ranking.
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Saudi Arabia projected to lower July crude oil prices for Asian markets
Saudi Arabia is expected to cut crude oil prices for Asian buyers next month due to changing global demand patterns.
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Qatar’s LNG dominance keeps economy resilient
Qatar’s natural gas sector continues shielding the country’s economy from wider regional volatility, according to Gulf economic analysts.
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