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 […]
Saudi Export Surge and Trade Tensions Threaten Oil Price Stability Read More »
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
How UAE is Well-Positioned for Resilience As Hormuz Tensions Recede Read More »
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
UAE Petrol, Diesel Prices for July 2025 Announced Read More »
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
Is a Crude Oil Price Slump Coming as OPEC+ Ramps Up Output Read More »
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
Base Oil and Fuel Prices Rise in July: What Can UAE Lubricant Buyers Expect Next? Read More »
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
UAE Petrol, Diesel Prices To Go Down? July Fuel Rates To Be Announced Today Read More »
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
UAE-Made Adnoc Voyager Lubricants Now Sold Across Egypt Read More »
