Energy

Why reopening the Strait of Hormuz would not immediately relieve pressure on global trade.

The prospect of resumed movement brought relief after weeks of disruption that had left around 1,000 ships stranded. Dubai: Oil prices eased as markets reacted...

UAE OPEC exit seen as part of broader economic restructuring, says Al Jaber.

Al Jaber says UAE energy strategy supports industrial growth, AI development and long-term economic resilience. Abu Dhabi: The UAE’s decision to exit OPEC and OPEC+...

Oil markets turn volatile: WTI drops to $101 as Murban falls 4%, while some crudes post double-digit gains

Benchmark oil prices diverge as WTI and Murban fall while Oman and regional crudes surge. Oil prices showed mixed but highly volatile movements on May...

Donald Trump says the UAE’s exit from OPEC could help ease pressure on oil prices.

UAE’s exit from OPEC gives it greater flexibility to boost output as oil markets remain tight. Dubai: Donald Trump has welcomed the UAE’s decision to...

Oil prices surge to around $125 after Donald Trump says the Hormuz blockade will remain in place until Iran agrees to a deal.

Crude prices surge as the US blockade on Iran continues, pressuring Tehran to agree to a nuclear deal. Brent crude prices surged above $125 per...

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