Energy

Why ADNOC’s biggest-ever gas project matters beyond oil for the UAE: Here’s why

World’s largest gas cap project to strengthen the UAE’s energy security, industrial growth, and LNG ambitions. Dubai: When ADNOC secured the world’s largest gas cap...

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

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

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

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.

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...

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