Bloomberg From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether Opec+ will provide enough of them. A crude glut that piled up during the pandemic is vanishing fast. Global inventories are plunging at the steepest rate in two decades, according to ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Ruler of Abu Dhabi, in his capacity as Chairman of the Supreme Council for Financial and Economic Affairs, has issued a resolution to form the board of directors of Abu Dhabi National Oil Company (Adnoc), chaired by His Highness Sheikh Mohamed bin Zayed Al Nahyan. The board ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has approved the distribution of 74 percent cash dividends (AED 0.74 per share, implying total cash dividends of AED8.08 billion) for the financial year ended on December 31, 2020, after concluding its General Assembly Meeting (GAM) on Sunday. Registered owners of FAB shares as on March 10, 2021 (i.e. buyers on ...