February
Oil Ekes Out Second Monthly Gain as Spreads Point to Tightness
Oil steadied to head for a second monthly gain on expectations that OPEC+ will opt to extend supply cuts, with underlying market metrics pointing to a gradual tightening of near-term conditions.
ADNOC acquires 24.9% stake in OMV to speed up global chemicals expansion strategy
ADNOC announced on Thursday that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company (Mubadala).
Oil Declines With US Stockpiles and OPEC+ Supply Policy In Focus
Oil fell after a two-day gain as signs of higher US inventories vied with expectations that OPEC+ will extend supply cuts.
