OPEC+ ministers, led by Saudi Arabia and Russia, meet as oil output hike looms despite falling prices
The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output for May and June.
Russia
Aramco signs $11bn deal
The deal involves its Jafurah gas facilities.
TAQA H1 net income $1bn
The group's revenue reached $7.73 billion.
ADNOC L&S H1 net profit $420m
The company’s revenue reached $2.43bn
SEC H1 net profit $1.67bn
Revenue grew by 24% to $7.38 billion.
DEWA profit after tax $789m
It will pay $843m in H1 dividend.
