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In June, costs remained steady, following a slight uptick in May after two straight months of gradual decline. The UAE has officially announced fuel prices for July. Rates remained unchanged in June, following a slight increase in May. That uptick had followed two consecutive months of gradual price drops. Earlier projections hinted at a possible […]

Saudi Arabia’s Trade Surplus Shrinks as Oil Exports Decline Dubai – Saudi Arabia’s trade surplus dropped significantly in April 2025, as oil export revenues fell, despite a rise in non-oil exports and imports, according to GASTAT’s latest trade bulletin. Total merchandise exports stood at SR90.3 billion ($24.1 billion)—down 10.9% year-on-year. The sharpest decline came from

Crude Oil Prices May Fall Below $60 – What It Means for the Lubricants Market. Dubai: Leading investment banks, including JPMorgan Chase and Goldman Sachs, are forecasting a potential decline in crude oil prices below $60 per barrel in the coming months. This follows OPEC+’s recent decision to boost oil production by an additional 548,000

July Sees Uptick in UAE Fuel Prices — But Lower Base Oil Costs Could Be Ahead Dubai: Fuel prices in the UAE have increased for July, as announced by the UAE Fuel Price Committee. While motorists will feel the pinch at the pump, lubricant buyers and industry, insiders are closely watching global trends—especially as recent

Global Oil Prices Drop 13% After Three-Week Rally — could UAE fuel prices be next to fall? Dubai: The UAE is set to announce July 2025 petrol and diesel prices today, and many motorists are anticipating a potential price cut. The recent drop in global oil prices, along with reduced geopolitical tensions, could translate into

ADNOC Voyager Lubricants Now Available Across Egypt Through Strategic Partnership. ADNOC Distribution, a leading mobility retailer, has partnered with TotalEnergies Marketing Egypt (TEME) to officially launch ADNOC Voyager lubricants across Egypt—marking a significant step in the brand’s regional growth strategy. For the first time, ADNOC Voyager products are now available through a vast network of

Summer Demand Supports Base Oil Prices—But U.S. Output Cuts Could Shift the Outlook For now, base oil prices are holding steady, supported by seasonal demand for lubricants, particularly in the automotive and industrial sectors. Recent market strength reflects increased summer consumption and optimism surrounding global trade developments. However, lubricant producers and traders in the UAE

Dubai: Despite rising geopolitical tensions between Israel and Iran, the base oil market has exhibited steady behavior, mirroring global trends in crude oil. After a brief price spike, energy markets have cooled, and crude benchmarks such as Brent and WTI are now trading lower — Brent is just below $67 and WTI is near $65.

Dubai: Base Oil Markets React to Rising Geopolitical Tensions Base oil prices continued to edge higher on Monday, following a brief spike driven by renewed tensions between Israel and Iran. The escalation raised growing concerns over potential disruptions to crude supply—critical for base oil production. The market saw a sudden spike as traders assessed the