Oil prices surge 40% during Middle East crisis: How it may impact petrol prices in the UAE / Image: file While the Gulf region sits atop some of the world’s largest oil reserves, the prices we pay at the pump aren’t immune to global chaos. Following recent shifts in international policy and escalating tensions involving […]
UAE Food Stock Update: Are Supermarkets Running Out Amid Iran–US-Israel Tensions? Amid escalating geopolitical tensions in West Asia, including recent missile exchanges involving Iran, the United States and Israel that rattled Gulf cities and triggered regional alerts, the United Arab Emirates has reassured the public that its markets remain stable and strategic food reserves are […]
Rescue workers put out a fire at a residential building damaged by a Russian strike in Kyiv, Ukraine (Picture credit: AP) A Ukrainian drone strike triggered a fire at an oil depot in Russia’s southern Volgograd region on Saturday, regional authorities said, as both sides continued to target energy infrastructure amid intensified fighting. There were […]
The United States seized an oil tanker off the coast of Venezuela, President Donald Trump announced Wednesday, marking a dramatic escalation in his administration’s pressure campaign against Nicolás Maduro, the leader of Venezuela. “As you probably know, we have just seized a tanker off the coast of Venezuela, a large tanker, very large, the largest […]
Hosting nearly two dozen of the world’s top oil and gas executives at the White House on Friday, Trump abruptly paused the discussion to stroll over to a window in the East Room, eager to check on the progress of his pet project: the long-promised White House ballroom. Mid-sentence, the president rose from his chair, […]
At times, things go wrong even when you try with all your might to ensure they are right. It was in the 1970s, that Times Beach, a small town in Missouri, attempted to solve a common problem for dirt roads by spreading residual oil to reduce dust. Years later, it was discovered that some of […]
Gulf drivers enjoy potential fuel savings as OPEC+ announces November oil production boost, sending global prices down over 3% / Illustration generated using AI Good news for Gulf residents! The OPEC+ alliance, which includes key Gulf oil producers like Saudi Arabia, the UAE, and Kuwait, has announced a modest increase in oil production. This move […]
Jaipur, July 14: In response to a decline in crude oil production in recent years, the Rajasthan government has urged oil-producing companies to adopt new technologies to enhance output. Aparna Arora, Additional Chief Secretary (Mines and Petroleum), stated that increasing the refining of the state’s crude oil within Rajasthan would significantly boost value addition and […]
Oil prices soared sharply on Monday as the Middle East was once again embroiled in chaos. Crude prices jumped 4% as fresh military action between Iran and the United States fuelled concerns over the security of the Strait of Hormuz, a key global energy route.As of 7:30 am, Brent crude was up 4.28% at $79.26 […]
Mumbai, July 11: The International Energy Agency (IEA) has reported that global crude oil demand is beginning to recover. In May, oil demand fell to 97.9 million barrels per day, a decrease of 5.3 million barrels per day compared to the previous year. However, the agency estimates that by October, global oil demand will increase […]
