Business

Oil prices stabilize as markets focus on demand concerns

Baghdad, Oil prices stabilized on Tuesday, breaking a five-day winning streak as markets refocused on demand concerns after OPEC lowered its 2024 demand growth forecast yesterday, Monday, due to weak expectations in China.

Brent crude futures fell 30…

ADNOC Gas announces record Q2 net income of $1.19 billion

Abu Dhabi, ADNOC Gas announced strong financial results for the second quarter (Q2) of 2024, posting an adjusted net income of $1,190 million, a 21% year-on-year (y-o-y) improvement exceeding market expectations.

Revenues for the Q2 period of $6,076 …