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Oil stays close to $70 as the Middle East risk premium eases, while Abu Dhabi’s Murban crude moves against the broader trend.

Business Staff Writer -
As the risk premium fades, Brent and WTI remain range-bound, while Murban finds support. Oil prices were little changed in Asian trading on Monday, with...

Oil markets and OPEC+: Understanding the significance of the August output increase

Business Staff Writer -
The Sunday decision comes as shipping through the Strait of Hormuz continues to return to normal. Dubai: OPEC+ has agreed to increase oil production quotas...

UAE’s XRG expands US LNG investment with Texas deal.

Business Staff Writer -
Abu Dhabi energy firm now holds exposure across all five Rio Grande LNG trains. Dubai: XRG has completed the acquisition of an additional stake in...

UAE fuel outlook: Will petrol prices continue to decline after July’s sharp reduction?

Business Staff Writer -
Lower oil prices are expected to support further fuel price relief, though risks around the Strait of Hormuz could slow the pace of reductions. Dubai:...

Crude oil prices continued to decline following the post-war easing of tensions, as concerns over the Strait of Hormuz diminish and prices fall back...

Energy Staff Writer -
Oil prices fall as shipping through the Strait of Hormuz resumes, easing the war risk premium. Global oil prices extended their decline on Thursday morning...
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