Saudi Arabia’s Voluntary Carbon Market Fuels the Shift to a Low-Carbon
Under UAE President’s directives, UAE launches urgent relief response for Ghana flood victims
Combating Desertification and Drought: Qatar a Model in Preserving Natural Resources, Establishing Environmental Stability
UAE allocates US$30 million for emergency humanitarian response in El Obeid, calls for civilian protection, safe humanitarian aid access in Sudan
Singapore, July 10 (QNA) – Oil prices edged higher in trading on Friday as renewed concerns over potential supply disruptions, fueled by escalating regional tensions, supported the market.
Brent crude futures rose 19 cents, or 0.25 percent, to USD 76.49 a barrel, while US West Texas Intermediate (WTI) crude futures gained 19 cents, or 0.26 percent, to USD 72.27 a barrel.
For the week, Brent is on course to post a gain of about 6 percent, while WTI is set to rise around 5 percent.
Market sentiment has been supported by renewed military tensions between the United States and Iran, which have delayed the full reopening of the Strait of Hormuz, a key shipping route for around 20 percent of global oil and gas supplies. (QNA)
