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Supply and demand remained the key drivers for base oil prices in Asia, while crude oil futures, moving within a narrow range, played more of a supporting role. Most base oil plants that had recently completed maintenance were operating at full capacity, but demand softened due to seasonal slowdowns, severe weather in some regions, and […]

Oil prices climbed by about 1% on Thursday after U.S. President Donald Trump warned of “severe consequences” if his talks with Russian President Vladimir Putin over Ukraine fail. Expectations of a possible U.S. interest rate cut next month also supported the market, as lower rates can boost economic growth and fuel demand for oil. Brent

Marine bunker fuel sales at the Fujairah port in the UAE experienced a strong rebound in July, marking a notable increase in sales. The increase in sales was mainly driven by higher demand for high-sulphur marine fuel, which reached its strongest level since January 2024. Sales rose by 28.4% in July to 205,597 cubic meters

On July 31, the UAE announced the official fuel prices for August 2025. A decade ago, on August 1, 2015, the country shifted to a deregulated system, linking local fuel prices to global market rates. Since then, the Fuel Price Committee has reviewed and updated prices every month, ensuring they reflect international oil trends and

On Thursday, July 31, 2025, the UAE announced the official fuel prices for August. The Fuel Prices Monitoring Committee kept the rates almost unchanged compared to the previous month. Each month, the Ministry of Energy reviews global oil price trends and adjusts the local rates accordingly, after factoring in the operating costs of distribution companies.

Petrol prices in the UAE are likely to stay stable or see only a slight adjustment in August. In July, Brent crude averaged around $68.80 per barrel, a small drop from June’s $69.87. Locally, July fuel rates stood at Dh2.70 per litre for Super 98, Dh2.58 for Special 95, and Dh2.51 for E-Plus 91.  Since

Saudi Aramco is ramping up oil production, with exports expected to hit 7.5 million barrels per day in July—the highest level since April 2023. This increase comes at a time when global oil demand is showing signs of slowing. Despite market concerns around shifting U.S. trade policies and rising production quotas from OPEC+, oil prices

Dubai: Oil prices may appear steady for now, but underlying risks are keeping energy markets on edge. Several new factors are emerging that could disrupt the global crude landscape in the coming weeks. From proposed U.S. tariffs to mounting geopolitical tensions along key maritime oil corridors, uncertainty is building, and market participants are closely watching

Industry analysts now agree that the UAE was never at serious risk. Even if the situation had escalated, the country remains one of the most resilient in the region—well-equipped to handle potential disruptions. Ceasefire Eases Gulf Tensions; Strait of Hormuz Remains Open After several tense days in the Gulf following U.S. strikes on Iranian nuclear