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The UAE economy is gearing up for another high-performance year, with updated projections signaling accelerated growth across trade, manufacturing, logistics, and non-oil industries. The outlook reinforces the UAE’s position as a resilient, well-diversified economic engine and a strategic hub for global commerce. Revised forecasts from Standard Chartered indicate that the UAE’s GDP is expected to […]

Venezuela’s state-owned oil company, PDVSA, has been unable to ship crude oil to Asian markets for the fifth day in a row. The pause comes as the United States continues strict oil sanctions, often described as an “oil quarantine,” which is blocking tanker movements in and out of Venezuela. While exports to Asia remain frozen,

Depending on your vehicle, filling up a full tank of petrol in January 2026 will cost a little less than it did in December 2025. The UAE announced the new fuel prices for January 2026 on Wednesday, December 31. The Fuel Prices Monitoring Committee has reduced the rates, giving drivers a welcome relief at the

The UAE has announced the new petrol and diesel prices for January 2026, effective from January 1. After a rise in December, the new rates bring slight adjustments for different fuel types. Since 2015, the UAE has deregulated fuel prices to keep them in line with global market rates, ensuring transparency and fair pricing for

Dubai: UAE drivers are entering 2026 with some relief at the pump after a year of sharp fuel price swings. January opened with noticeable drops across petrol and diesel grades, giving households a break after months of volatility and raising hopes that transport costs could ease. Global oil trends also point in a favorable direction.

RelaDyne is expanding its Hebron, Kentucky operations with a $2.1 million investment, creating 80 new full-time jobs. This move strengthens the company’s corporate support capabilities and sets the stage for long-term growth in the lubricants and industrial services sector. After careful evaluation of expansion options, Hebron was chosen for its skilled workforce, strong infrastructure, and

Recent developments in U.S. heavy industry and evolving environmental regulations are pointing toward potential changes in industrial lubricant demand in 2026. A major highlight comes from U.S. Steel, now under Nippon Steel, which plans to restart its idled “B” blast furnace at the Granite City Works facility in Illinois. The restart, scheduled for the first

Matrix Capital Markets Group, Inc. has advised C&J Cox Corporation and its affiliates (“Cox”) on the sale of select convenience store assets to Anabi Oil Corporation. Based in Pleasanton, California, Cox is a leading convenience retailer operating high-quality stores in the Tri-Valley and Lake Tahoe areas. The transaction officially closed on November 12th. Cox Family

The UAE’s non-oil sector ended November on a strong note, with growth in business activity, hiring, and new orders reaching their highest levels in almost a year. According to the latest S&P Global PMI report, the UAE PMI rose to 54.8, showing the fastest improvement in operating conditions in eleven months — a clear sign