The petroleum industry is facing a new round of job cuts due to falling crude prices and major company mergers. Brent crude prices, currently around $63–64 per barrel, have dropped by about 10% this year. To manage costs and keep profits stable, leading oil companies are reducing staff, which may affect supply chains and downstream […]
Petroleum Industry Faces Rising Layoffs Amid Price Slump Read More »
Most Gulf Cooperation Council (GCC) countries are expected to see steady economic growth this year and next, driven by rising oil production, according to a recent Reuters report. Economists have also raised Saudi Arabia’s growth forecast, reflecting its strong comeback as the region’s largest economy. After cutting oil output in early 2023, OPEC+ has shifted
Growth in Most Gulf Economies to Hold Steady This Year And Next On Rising Oil Output Read More »
The UAE stock market showed a mixed performance on Friday, influenced by regional developments and global oil trends. Investor sentiment improved slightly following news of a ceasefire in Gaza, which helped ease geopolitical tension in the Middle East. However, a drop in oil prices kept the overall mood cautious. In Dubai, the main index edged
UAE Shares Mixed on Weak Oil Read More »
In the UAE, the Fuel Price Committee sets petrol and diesel rates at the end of every month, following trends from the global oil market. This system, introduced in 2015, keeps local fuel prices aligned with international standards. For October, petrol prices in the UAE are expected to see only a slight change, as global
How Much Will Petrol Prices Change in October? Read More »
October 2025 has been a turbulent month for oil, and that affects everyone in the automotive and lubricant world. Global demand for crude is slowing, while OPEC+ and other producers try to balance supply through production cuts. This keeps prices swinging in a narrow range—sometimes up, sometimes down. A major factor driving this change is
Global Oil Prices Outlook: October 2025 Read More »
On Tuesday, September 30, the UAE announced the fuel prices for October 2025. The Fuel Prices Monitoring Committee made a small increase for the month. Each month, the Ministry of Energy sets prices based on the average global oil rate, plus the operating costs of local fuel companies. The new fuel prices will take effect
UAE Announces Fuel Prices: How Much Will A Full Tank Cost in October 2025? Read More »
The UAE has released the official fuel prices for October, which will take effect from October 1. In September, fuel prices saw a small increase after a slight drop in August. The new rates are as follows: Fuel prices have a direct impact on transport and logistics, which in turn influence the overall cost of
UAE Petrol, Diesel Prices for October 2025 Announced Read More »
Global oil prices are climbing this month due to supply concerns and market tensions. Dubai: The UAE will soon announce petrol and diesel prices for October 2025, and residents are keeping a close eye as these updates affect daily fuel budgets and expenses. For September, prices saw a small increase compared to August: Since the
UAE Fuel Cost Change for October 2025: Petrol, Diesel Prices to Rise or Fall Soon? Read More »
Saudi Arabia, the world’s largest oil exporter, saw its crude oil exports fall to 5.994 million barrels per day in July, down from 6.141 million bpd in June—the lowest since March 2025, according to JODI data. Crude production also dropped to 9.201 million bpd from June’s 9.752 million bpd. Meanwhile, Saudi refineries increased throughput to
Saudi Arabia Crude Exports Fall to Four-Month Low in July Read More »
