In the first half of 2021, ADNOC Distribution made AED9.3 billion in revenue, up from AED7.9bn in the first six months of 2020
oil revenue
Latest in oil revenue
crude oil price
Saudi Aramco records 288% net income surge in Q2 2021
Growth was attributed to higher oil prices and recovery in global demand, as well as easing of Covid-19 restrictions
High oil prices
Higher oil income will boost Saudi saving not spending, IMF says
Crude prices around $75 a barrel are only slightly lower than what Saudi Arabia needs to balance the budget, according to IMF estimates
low oil price
Saudis shield Aramco’s oil revenue forecasts after going public
Aramco has slashed spending, cut jobs, and is considering selling some assets
budget surplus
Saudi Arabia posts surplus for first time since 2014
Oil revenues rose 48 percent from the same period in 2018
crude output
Saudi needs oil at $80-$85 a barrel to balance budget, says IMF
The UAE’s energy minister said supply and demand should balance out in the first quarter of 2019
GCC economic growth
IMF says Gulf economy recovering but faces oil volatility
IMF said overall energy price recovery would spur GCC economies to grow by 2.4 percent in 2018 and 3.0 percent in 2019
Crude price
Rising oil prices helps Oman reduce fiscal deficit by 46%
Net oil revenues rose 34.8 percent amidst a recovery in crude prices