OPEC+ has agreed to raise oil production by a further 188,000 barrels per day from August, marking the fifth consecutive monthly increase in output quotas as the group continues to unwind its earlier production cuts. That
In the week to 26 June, QatarEnergy, Avilease, Emirates NBD, FAB, Dukhan and Burjeel issued a combined $7.5bn of debt, a pretty hefty figure. Notable among them was UAE healthcare group Burjeel Holdings’ $500 million debut sukuk
Iran’s chokehold over the Strait of Hormuz remains firmly in place, but global oil markets could nearly eliminate their dependence on the contested waterway in a few years. Despite more than a week of
