News

On Thursday, July 31, 2025, the UAE announced the official fuel prices for August. The Fuel Prices Monitoring Committee kept the rates almost unchanged compared to the previous month. Each month, the Ministry of Energy reviews global oil price trends and adjusts the local rates accordingly, after factoring in the operating costs of distribution companies. […]

Petrol prices in the UAE are likely to stay stable or see only a slight adjustment in August. In July, Brent crude averaged around $68.80 per barrel, a small drop from June’s $69.87. Locally, July fuel rates stood at Dh2.70 per litre for Super 98, Dh2.58 for Special 95, and Dh2.51 for E-Plus 91.  Since

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

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

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