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ADNOC will hold a 60% stake in the Bab natural gas cap concession; TotalEnergies and BP Abu Dhabi will each hold 10%.

2026-06-25

ADNOC will hold a 60% stake in the Bab natural gas cap concession; TotalEnergies and BP Abu Dhabi will each hold 10%.

Other News
2026-06-24

Hong Kong's Hang Seng Index (HSI) opened June 24 (Wednesday) up 84.42 points, or 0.36%, at 23,420.7; the Hang Seng Technology Index rose 21.19 points, or 0.48%, to 4,420.41; the Hang Seng China Enterprises Index (HSCEI) added 32.77 points, or 0.42%,

Hong Kong's Hang Seng Index (HSI) opened June 24 (Wednesday) up 84.42 points, or 0.36%, at 23,420.7; the Hang Seng Technology Index rose 21.19 points, or 0.48%, to 4,420.41; the Hang Seng China Enterprises Index (HSCEI) added 32.77 points, or 0.42%, to 7,792.13; the Hang Seng Red Chip Index was up 13.58 points, or 0.35%, at 3,902.26.
2026-06-24

June 24 — Brent crude slipped below $76/bbl, dipping to $75.50/bbl earlier, returning to levels seen before the Iran conflict; U.S. WTI fell to $72.03/bbl, its lowest since March 3. Traders said the decline reflects growing expectations of restored s

June 24 — Brent crude slipped below $76/bbl, dipping to $75.50/bbl earlier, returning to levels seen before the Iran conflict; U.S. WTI fell to $72.03/bbl, its lowest since March 3. Traders said the decline reflects growing expectations of restored shipping through the Strait of Hormuz and Iranian crude re-entering global markets. Analysts warn that if related sanctions are eased, Iranian production and exports could rise within weeks because large volumes are stored on tankers. Hundreds of tankers and more than 10,000 seafarers were previously stranded in the Gulf; roughly 20% of global oil shipments transit the Strait. A recent U.S.-Iran agreement allowing commercial vessels fee-free transit within 60 days has coincided with a marked increase in maritime traffic this week.
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