News

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

With December fuel rates set to be announced soon, UAE drivers are keeping a close eye on global oil trends to see if pump prices will go up or down. Last month’s drop in November fuel prices gives a hint that December could follow a similar path. Global Trends Pointing Down Oil prices fell sharply

The UAE Fuel Price Committee has officially released the updated petrol and diesel rates for December 2025 — bringing slight price adjustments across all categories. For the new month, Super 98 petrol is priced at Dh2.70 per litre, up from Dh2.63 in November. Special 95 petrol will now be Dh2.58 per litre, compared to Dh2.51

Petrol prices in the UAE could dip slightly in December as global oil markets stay under pressure due to surplus concerns for 2026. In November, Brent crude closed at around $63.7 per barrel, down from $65.22 in October, signaling a possible small reduction in retail fuel prices. The UAE’s retail petrol rates have been tied

California’s fuel market is heading into a major shake-up. Two of the state’s nine gasoline-making refineries are shutting down by early 2026. Together, that’s 284,000 barrels per day — around 17% of California’s entire gasoline production. These closures are happening because of strict regulations, high operating costs, and lower long-term demand for traditional fuel, making

Europe saw a strong rise in Group III base oil imports from Bahrain and the UAE in September. These imports reached their highest level in six months, going up from about 15,000 tonnes in August. This shows that shipments from the Middle East are getting back on track. Earlier, imports dropped because both Bahrain and

Petrol prices in the UAE might go down a little in November 2025 if global oil prices stay low for the rest of the month. In October, the average Brent oil price was about $65.22 per barrel, lower than $67 in September. This means UAE fuel prices could be adjusted to match the global rates