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Oil Prices Rise by Around 2% Amid Middle East Conflict

Islamabad: Oil prices rose at the start of trading today, amid the ongoing war in the Middle East and its impact on global energy supplies. Brent crude futures increased by $2.4, or 2.2 percent, to reach $111.43 per barrel. US West Texas Intermediate …

OPEC+ Approves 206,000 bpd Output Hike

Vienna: The eight member countries of the OPEC+ group, including Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, have approved an adjustment in production levels, increasing output by 206,000 barrels per day (bpd). This adjustm…

GCC Sees Surge in Renewable Energy

Doha: Gulf states recorded a sharp rise in renewable energy output in 2024, driven by rapid expansion in solar and wind capacity, according to a GCC Statistical Center’s report. The report highlighted major shifts in climate and sustainability efforts…