Oil
Total public spending in GCC countries is projected to reach $542.1 billion in 2025
Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows
Investors expect a return to normalcy in oil if the ceasefire terms are upheld
Goldman Sachs predicts Brent could peak at $110 if oil flows through the strait are disrupted
Fed discussions this week may lead to a 25 basis point rate cut sooner than expected
Heightened geopolitical risks, unresolved trade tensions and policy shifts have added several uncertainties to the oil market outlook
Oil was pressured by mixed economic readings from China, signaling inconsistent growth in its economy
Nasser stated that history shows new energy sources complement rather than replace traditional oil and gas
Gulf countries are expanding their overseas presence and creating partnerships as part of growth plans
Concerns grow over potential disruptions in the Strait of Hormuz, impacting global oil supply
Initiative aligns with Egypt's strategy to enhance local crude oil and gas production.
