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GCC oil companies’ capex to grow by 5% to reach $115bn in 2024
The total oil capital expenditure in the region is expected to remain relatively high due to the ongoing expansion plans in Qatar and the UAE.
IMF trims 2025 Middle East, North Africa growth forecast to 2.6% as global risks mount
IMF sees sharp growth slowdown in 2025 for non-GCC oil exporters GCC economies projected to strengthen despite slower growth pace Conflicts severely impact MENA's oil importing economies,[…]
Oil down 2% as OPEC+ accelerates output hikes, surplus looms
OPEC+ says to hike output by 411,000 bpd in June OPEC+ eyes full unwinding of voluntary output cuts by Oct, sources say Barclays, ING cut 2025 Brent