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Oil prices hover near $80 as hopes of a US-Iran deal offset ongoing Hormuz supply risks.

Business Staff Writer -
Muted trading follows a sharp sell-off earlier in the week driven by hopes of a US-Iran agreement. Oil prices were largely unchanged early Thursday as...

ADNOC Distribution posts record $568 million profit as earnings jump 59%, dividend approved

Business Staff Writer -
ADNOC Distribution reports record profit of $568 million and approves dividend. Dubai: ADNOC Distribution reported a record net profit of $568 million for the first...

Dana Gas starts supplying Iraq with gas to boost Kirkuk power generation

Business Staff Writer -
Khor Mor gas to supply Kirkuk’s Taza power station under initial one-year agreement. Dubai: Dana Gas and Crescent Petroleum have begun supplying natural gas to...

Brent rises above $79 as markets assess US-Iran talks and possible Hormuz reopening

Business Staff Writer -
Oil prices post cautious gains as markets weigh fragile ceasefire and Hormuz risks. Oil prices edged higher in early Asian trading on Wednesday, August 5,...

ADNOC deploys AI across 120 rigs to reduce downtime and accelerate drilling decisions

Business Staff Writer -
Engineers can now monitor up to three times more rigs while reducing downtime by two days. Dubai: ADNOC has rolled out an artificial intelligence platform...
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