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

Energy Staff Writer -
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.

Energy Staff Writer -
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.

Energy Staff Writer -
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...

Three scenarios: how the UAE’s potential OPEC exit could affect fuel prices.

Business Staff Writer -
Analysts say the UAE could ultimately raise its oil output by as much as 30% above earlier quota-limited levels. The immediate market reaction to the...

ADNOC explores US gas deals as rising AI-driven power demand reshapes the global energy landscape, reports say.

Business Staff Writer -
XRG is reportedly evaluating 29 gas deals as ADNOC targets LNG expansion and growing demand from US data centres. Dubai: Abu Dhabi National Oil Company’s...
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