🇦🇪 United Arab Emirates · Energy
10 storiesTrump says Russia will supply diesel to US and global markets after Putin call
US President Donald Trump said on Friday that Russia had agreed to supply diesel to the US and global markets after a phone call with Vladimir Putin: more than 300,000 tonnes immediately, 500,000 tonnes in November, then 1 million tonnes, w…
Oil prices rise on October 7 and 8, with Brent crude above $101 a barrel
Brent crude futures rose 93 cents, or 0.92 percent, to $101.51 a barrel by 00:22 GMT on Wednesday, October 7, and US West Texas Intermediate rose 82 cents to $90.25, WAM reported. Economy Middle East linked the gains to a Gulf of Mexico sto…
Oil prices fall as Middle East crude exports rise; Brent settles at $100.32
Brent crude settled at $100.32 a barrel, down $1.93 or 1.89%, and US West Texas Intermediate fell to $89.43, down $1.68 or 1.84%, WAM reported. Gulf News said markets were weighing improving Middle East oil flows against continuing security…
ADNOC signs multi-year LNG deal with Thailand's Gulf Group from 2027
ADNOC said it signed a multi-year sales and purchase agreement with Thailand's Gulf Group for the supply of about 2 million tonnes of liquefied natural gas, with deliveries starting in 2027 and ADNOC Trading as counterparty. The deal builds…
G7 agrees to release 100 million barrels from emergency stocks through IEA
G7 leaders agreed on Friday to a coordinated release of 100 million barrels of oil and diesel from emergency stocks through the International Energy Agency, starting immediately over four months, with a front-loaded diesel release within th…
Opec+ keeps November oil output targets unchanged, extending pause
Opec+ kept its oil production targets unchanged for November, extending the pause it began in October after six months of gradual increases. The decision by the group's seven core members leaves the joint quota at 31 million bpd for Novembe…
Sheikh Theyab visits ADNOC headquarters in Abu Dhabi, meets frontline employees
Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, visited ADNOC’s headquarters in Abu Dhabi. He was briefed on the company’s operational performance and resi…
Oil settles lower as Europe agrees to release diesel stocks
Oil prices settled lower on Friday after European countries agreed to release diesel reserves, following US pressure to ease a fuel supply crunch. Brent settled at $102.25 a barrel, down 6 cents or 0.06 per cent, while WTI fell $1.76, or 1.…
Aramco CEO: Rebuilding oil inventories after Hormuz crisis may take two years
Saudi Aramco CEO Amin Nasser said the global squeeze on crude and refined fuel supplies is set to worsen and that rebuilding inventories depleted during the Strait of Hormuz crisis could take up to two years even after the waterway fully re…
Oil broadly stable; Brent at $102.28 a barrel, WTI at $92.68
Oil prices were broadly stable on Friday, with Brent dipping 3 cents, or 0.03 percent, to $102.28 a barrel at 0350 GMT, while West Texas Intermediate eased 19 cents, or 0.2 percent, to $92.68. Brent was headed for a weekly decline of about …