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Oil and Renewables

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ADNOC Distribution Announces Q3 2025 Results, Delivers Strongest EBITDA Since IPO
October 31st, 2025 - 03:35 GMT

ADNOC Distribution Announces Q3 2025 Results, Delivers Strongest EBITDA Since IPO

ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, today reported EBITDA increase of 12.0% YoY to $885 million in 9M 2025, its strongest 9M performance since listing in 2017, with 9M 2025 net profit growing by 15.6% YoY to $579 million. In Q3 2025, the Company reached a new quarterly EBITDA record of $319 million, an increase of 15.9% YoY, with a strong growth of 21.5% YoY in net profit to $221 million, both exceeding analyst expectations. The Company also achieved the highest 9M fuel ...
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Al Bawaba
September 12th, 2011 - 06:43 GMT

Dubai Mercantile Exchange sets new trading record in August

A large part of this increase is attributed to the needs of a growing population throughout the GCC and a significant 47 percent of energy consumption diverted into residential use
September 11th, 2011 - 02:05 GMT

GCC power consumption seen rising 2.5 percent

The sanctions will not hurt Syria, Syria will remain standing on its own two feet, there is no problem as long as its local needs are secure
September 11th, 2011 - 09:05 GMT

Syria shrugs off sanctions, eyes China oil sales

The plan was part of a long-term project to provide Lebanon with electricity 24 hours a day, and future governments would need to continue the project, which is expected to cost $5 billion
September 8th, 2011 - 06:46 GMT

Power deal recharges the Lebanese cabinet

The unprecedented wave of popular uprisings in the Middle East and North Africa (MENA) that followed the removal of Tunisian President Ben Ali on January 14 has obviously fundamentally altered this outlook of oil, particularly since the unrest spread to Libya in mid-February
September 7th, 2011 - 06:56 GMT

Oil demand expected to increase to about 841,000 bpd in the MENA by 2015

Diverting surplus oil revenues to cash handouts – whether to the whole population or just a part – is familiar in Kuwait and Saudi Arabia, this would be a tempting way to sustain tribal loyalties and tackle any sense of injustice given resentment toward Moammar Gadhafi’s lavish lifestyle
September 6th, 2011 - 02:21 GMT

Sharing oil wealth key challenge for Libya

Baseeri said the sovereign debt crisis in the United States and Europe, the loss of the Libyan oil and inflation in China were the main causes for fluctuations in oil prices
September 5th, 2011 - 02:33 GMT

Kuwait, Saudi Arabia boost oil output to ease prices

 Members of the March 14 opposition have criticized the plan, saying it would allow Bassil access to $1.2 billion without supervision or accountability
September 5th, 2011 - 07:12 GMT

Lebanese cabinet to discuss electricity proposal further

The plan has thrown the government into paralysis, threatening Cabinet solidarity among ministers who supposedly belong to the new Parliament majority which ousted Hariri from the premiership in January
September 4th, 2011 - 02:55 GMT

The Lebanese electricity plan.. will it be put into action?

Aframax tankers in the Med market are also used to lift crude oil from Syria but a violent five-month-old crackdown on pro-democracy protestors as well as existing sanctions have led to slower aframax trade there
September 4th, 2011 - 02:34 GMT

Libya, Syria troubles add to crude tanker rate rout

The stocks in the region selectively present a good buying opportunity, the markets in the region could see a minor upside as they are somewhere near the bottom but they will be driven by international events
September 4th, 2011 - 02:13 GMT

Region’s stock markets may rise as oil prices hold firm

Employees from five foreign oil companies were already in Libya working to restore infrastructure and get operations running again
September 3rd, 2011 - 02:07 GMT

Oil firms in Libya must return fast to restore production

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