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Petrofac’s downfall: Inside how the Dh27.5 billion company left UAE employees to recover 70% of their dues.

Business Staff Writer -
After months of waiting, former UAE staff of Petrofac accepted partial settlement following the company’s collapse. Dubai: Petrofac was once a leading name in energy...

Brent crude declines to $77.90, with Russian Urals slipping to $61.19.

Business Staff Writer -
Risk premiums are unwound in trading, with Brent falling and WTI slightly rising. Oil prices were mixed in early Asian trading on Tuesday as investors...

After a six-month wait, Petrofac UAE employees recover 70% of their outstanding dues.

Business Staff Writer -
Former employees said that most received the payout after months of pressure and negotiations. Dubai: Former Petrofac employees in the UAE have received a significant...

Oil markets turn mixed as Brent falls to $79 on Iran–Israel halt to offensive, easing geopolitical tensions

Business Staff Writer -
Markets are waiting for a lasting truce before removing the geopolitical risk premium from crude prices. Oil prices traded mixed in Asian markets on Monday...

The US–Iran MoU halted the oil price spike, but it has raised the market floor — Brent is unlikely to fall back to $60...

Energy Staff Writer -
Oil’s war premium has evaporated — but the US–Iran deal may have reset a higher floor for crude prices. The US–Iran memorandum aimed at ending...
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