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Economy, Energy

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

OPEC daily basket price stands at $70.75 a barrel

OPEC+ members agree to cut oil production for the first time in a year. (AFP)
By TRENDS Desk AFP
August 28, 2021 3:56 pm
  • The price of the basket was $70.59 on August 25
  • The OPEC Reference Basket of Crudes (ORB) is made up of oil producing countries

The price of the OPEC basket of thirteen crudes stood at $70.75 a barrel on August 26, compared with $70.59 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

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INSEAD Day 4- 300x600
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