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Oil production ramp-up could trim Saudi’s deficit in 2026, says ADCB
Higher oil prices and a post-conflict production ramp-up may trim the Kingdom’s budget gap more than previously expected
Could Hormuz closure disrupt global crop yields?
While Gulf growers have several weeks of buffer stock, prolonged blockages will inevitably filter into higher food prices
Aramco officially kicks off gas production at Jafurah, processing at Tanajib
The Middle East’s largest unconventional gas field has begun production, launching a USD 15 bn project to offset domestic crude…
Ades wraps up Shelf Drilling acquisition
Ades plans to refinance Shelf’s debt this year, targeting over USD 30 mn in annual interest savings
Jabal Omar inks 15-year deals with Accor, Rotana to manage 1.8k hotel keys in Makkah
ALSO- The UAE’s Ades Holding reactivates suspended Saudi rigs, secures new offshore work
Emirati-Japanese coalition reaches financial close for two gas-fired plants
Simple cycle operations are set to begin in 2027, with full operations slated for 2028.
Saudi Arabia drives over half of monthly Opec output increase
OPEC holds 2025 demand view steady, raises 2026 projection by 100k bbl / d
Moving away from oil can be tricky for the Kingdom
Out fiscal breakeven oil price has risen to USD 96 a barrel this year
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