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Oil prices edge higher with Brent topping $72; gold weakens.

Business Staff Writer -
Strait of Hormuz shipping route at risk as US-Iran tensions heighten supply fears. Oil prices rose in early trading on Monday, while gold retreated, as...

ADNOC Drilling marks milestone with early delivery of first AI walking rig

Business Staff Writer -
First of six automated rigs delivered ahead of schedule under $1.54 billion offshore contract. Dubai: ADNOC Drilling has delivered and accepted AD-300, its first AI-enabled,...

Petrol prices in UAE expected to ease in July after four months of gains amid sharp oil decline

Business Staff Writer -
Fuel prices have surged by more than 60% amid the US-Israel-Iran conflict and the closure of the Strait of Hormuz. Petrol prices in the UAE...

Brent plunges over 4% as fading Middle East tensions erode the risk premium.

Business Staff Writer -
Analysts say oil markets are still susceptible to renewed Gulf tensions, even after prices retreated. Oil prices remained under pressure in early Asian trading on...

Oil prices continue to fall, with Brent crude slipping below $77 as the Iran ceasefire holds and concerns over the Strait of Hormuz ease.

Business Staff Writer -
Oil benchmarks Brent and WTI continue their decline as ceasefire conditions calm Gulf supply concerns. Crude oil prices extended losses in Asian trading on Wednesday...
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