Energy, Oil & Gas

Global demand for GCC crude oil records 3.1pc annual growth: report

The global demand for GCC crude oil grew at an average annual rate of 3.1% over the period 2021–2025, according to data released by GCC-STAT. GCC’s crude oil exports reached 12.2 million barrels per day in 2025, accounting for 27.3% of global crude oil exports. ...

Energy, Oil & Gas

Oil prices rise as Houthi attacks renew concerns over supply

Brent crude climbed above $115 a barrel on Wednesday as continued Houthi attacks on Saudi Arabia renewed concerns over potential disruptions to Middle East oil supplies, reversing some of the previous session’s losses as diplomatic efforts to ease regional tensions continued....