Oil could hit $150 if Hormuz closure drags into September Brent crude climbed back towards the $97 mark on Wednesday after fresh military action in the Middle East reignited concerns about supply disruptions 3 min read
Taqa-led consortium awarded Taweelah C power project contract by UAE’s EWEC The 2.6GW gas-fired plant will support renewable energy integration, strengthen grid stability and enhance Abu Dhabi’s energy security under a long-term power purchase agreement running until 2050 2 min read
Opec+ likely to raise July oil output target despite Hormuz disruption, sources say Seven core members of Opec+ have increased their output quotas from April to June by almost 600,000 barrels per day 2 min read
'Nobody wants to pay more': UAE drivers flock to petrol stations before new rates kick in Several motorists said they had anticipated a rush following the announcement of June's fuel prices and decided to fuel up before the increase took effect 2 min read
UAE petrol prices rise 8% for June, hit nearly four-year high Analysts say that physical oil markets remain tight as shipping activity through Hormuz stays heavily constrained under ongoing blockades and security risks 2 min read
UAE announces fuel prices: How much will a full tank cost in June 2026? This is the first pricing update from the Emirates as an independent oil producer following its exit from Opec and Opec+ in May 2 min read
UAE petrol and diesel prices for June 2026 announced Petrol rates have been hiked for the past three consecutive months due to a rally in global oil rates, rising nearly 50% between February and May 2 min read
India turns to Latin American, African oil after Hormuz disruption Refiners in the world's third-largest oil importer and consumer bought most of their crude from the nearby Middle East until the war broke out at the end of February 2 min read
BP ousts Chair Albert Manifold citing governance and conduct issues Manifold's surprise removal came just under eight months after he took office to help oversee a strategy revamp, and follows years of management churn at BP 3 min read
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