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Oil falls more than 2% as traders price in easing geopolitical tensions, while differentials for heavy crude see sharp movements.

Business Staff Writer -
Crude futures decline in late Asian trading as markets price in easing geopolitical risks. Oil futures fell broadly in late Asian trading on Thursday as...

UAE’s first large-scale methanol plant obtains $2 billion financing package

Business Staff Writer -
Financial close brings the TA’ZIZ methanol project in Ruwais closer to its targeted 2028 start-up. Dubai: TA’ZIZ has secured $2 billion in financing for the...

Enercap to build a 36GW energy storage battery facility in Abu Dhabi

Business Staff Writer -
Enercap is expanding its advanced battery manufacturing capacity to support growing demand for clean energy solutions. ABU DHABI: Enercap, a subsidiary of Apex Investment PSC,...

EMDAD chief says UAE’s exit from OPEC is expected to generate more job opportunities.

Business Staff Writer -
Plans to increase oil capacity are expected to boost demand for workers, equipment, and field services. Dubai: The UAE’s withdrawal from OPEC is expected to...

Oil prices fall sharply as risk sentiment weakens, with major benchmarks declining significantly.

Energy Staff Writer -
WTI and Brent crude prices decline as investors take profits, while weaker economic data from China and the US dampens the demand outlook. Global oil...
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