UAE Left OPEC to Boost Oil Production as ‘End of Oil Era’ Nears
The UAE's departure from OPEC, which took effect on May 1, was planned over three years and is based on the belief that the...
UAE Pipeline Bypassing Strait of Hormuz Hits 50% Completion
The UAE’s new crude oil pipeline designed to bypass the vulnerable Strait of Hormuz is already 50% complete, according to ADNOC CEO Sultan Al...
Russia’s Fuel Supply Hit Hard: Drone Attacks Cripple Key Oil Refineries
A series of Ukrainian drone attacks has compelled nearly all major oil refineries in central Russia to shut down or reduce operations. The affected...
Global Markets Waver as Trump Signals Possible Iran Deal and Oil Prices Retreat
Global financial markets remained volatile on Tuesday after United States President Donald Trump announced that he had paused a planned military strike against Iran...
UAE Accelerates Oil Pipeline Expansion to Bypass Strait of Hormuz
The United Arab Emirates has announced plans to accelerate construction of a major new oil pipeline designed to significantly expand its ability to export...
Japan Secures Oil Tanker Passage Through Strait of Hormuz Amid Regional Crisis
A Japan linked oil tanker managed by Eneos successfully passed through the Strait of Hormuz amid ongoing regional tensions linked to the United States...
Emerging Market Assets Recover as Oil Prices Ease and Trump Xi Talks Loom
Emerging market stocks rebounded on Wednesday after suffering sharp losses in the previous session, supported by easing oil prices and renewed optimism around artificial...
US Blockade Chokes Iran Oil Exports as Crude Piles Up at Sea
A United States naval blockade of Iranian ports is sharply reducing Tehran’s oil exports, forcing unsold crude onto tankers as storage facilities fill up....
Syria Turns to Russian Oil Despite Westward Shift
Despite efforts to rebuild ties with Western nations, Syria remains heavily dependent on Russia for its oil supply. Since the fall of Bashar al...
Singapore invites bids for next‑gen hydrogen‑ready gas power plants
Singapore's Energy Market Authority has invited private sector proposals to construct hydrogen-ready combined cycle gas turbine (CCGT) units, which are expected to be operational...