Tag: UAE

Energy, Oil & Gas

UAE reduces diesel price for June

The UAE Fuel Price Committee has approved fuel prices for June 2026, with diesel prices recording a decline compared to the previous month, in a move that supports the stability of key sectors, particularly logistics and supply chains....

Energy, Oil & Gas

IAEA monitoring Barakah Plant, ready to assist

The International Atomic Energy Agency (IAEA), affiliated with the United Nations (UN), is closely monitoring the situation at the Barakah Nuclear Energy Plant in Abu Dhabi through continuous coordination with the relevant UAE authorities, while expressing its full readiness to provide assistance if needed....

Energy, Oil & Gas

Tabreed delivers solid Q1 results; revenue hits $132m

UAE-based National Central Cooling Company (Tabreed) has reported solid results for the first-quarter with a revenue of AED486 million ($132.3 million) and a net profit of AED78 million ($21.2 million) for the three-month period. Its operational performance and cash generation remained resilient for Q1. ...

Energy, Oil & Gas

Alfa Laval CEO reaffirms commitment to Mideast customers

Alfa Laval, an expert in heat transfer, separation, and fluid handling technologies, reaffirms its long-term commitment to the Middle East during a two-day visit by Alfa Laval President and CEO Tom Erixon to the UAE....

Energy, Oil & Gas

Adnoc L&S delivers 20pc net profit growth in Q1 2026

Adnoc Logistics & Services (Adnoc L&S) reported Q1 2026 net profit rose 20 per cent year-on-year to $222 million, while revenue fell 10 per cent to $1.083 billion due to the scheduled completion of the Al Omairah Island mega project....

Energy, Oil & Gas

Dana Gas delivers 72pc increase in Q1 2026 profit

Dana Gas reported Q1 2026 net profit of AED270 million ($74 million), up 72% year-on-year, driven by a one-off Kurdistan gas adjustment, while revenue rose to AED531 million amid higher production and gas sales in Egypt and Iraq....

Energy, Oil & Gas

AWR Trading, Blaupunkt expand UAE EV charging network

AWR Trading, part of AW Rostamani Group (AWR Group), has signed an exclusive distribution agreement with Blaupunkt, the German provider of AC and DC electric vehicle charging solutions, to support the expansion of EV charging infrastructure across the UAE....

Energy, Oil & Gas

Adnoc Distribution delivers 21pc net profit growth in Q1 2026

Adnoc Distribution, a mobility and convenience retailer in the UAE, reported strong financial and operational performance in the first quarter ended March 31, 2026, with record Q1 EBITDA at $307 million (+11.7 per cent year-on-year; YoY) and net profit at $210 million (+20.7 per cent YoY)....

Energy, Oil & Gas

UAE could raise oil capacity beyond 5m bpd, says Adnoc Drilling

Adnoc Drilling is prepared to support an increase in the UAE’s oil production capacity beyond the planned 5 million barrels per day by 2027, pending approval from the government, the company’s Chief Financial Officer told Reuters....

Energy, Oil & Gas

Adnoc Gas reports resilient Q1 net income of $1.1bn

ADNOC Gas reported $1.1 billion net income in Q1 2026, demonstrating strong operational and financial performance despite regional uncertainty, energy-sector disruption, and maritime challenges affecting movements through the Strait of Hormuz....

Energy, Oil & Gas

Adnoc expands downstream projects to boost UAE manufacturing

Adnoc is accelerating Ruwais’ industrial transformation through AED200 billion ($55 billion) in planned project awards for 2026-2028, expanding downstream investments, strengthening In-Country Value, and supporting the UAE’s Make it in the Emirates industrial growth initiative. ...

Energy, Oil & Gas

Adnoc unveils five initiatives to strengthen UAE industrial capacity

Adnoc launched its Industrial Resilience Programme at the ‘Make it in the Emirates’ forum, unveiling five initiatives to strengthen UAE supply chains, boost local manufacturing, enhance business continuity and build sustainable industrial capacity across sectors....

Energy, Oil & Gas

UAE maintains diesel stability while revising petrol prices for May

The UAE Fuel Price Committee announced May 2026 fuel prices, keeping diesel unchanged to support logistics and supply chains, while petrol saw minor adjustments reflecting global trends under a flexible, transparent monthly pricing system ensuring market stability. ...

Energy, Oil & Gas

Borouge posts $1.2bn revenue in Q1 2026

Borouge, an Abu Dhabi–based petrochemicals company, reported $1.2 billion revenue, $343 million EBITDA and $156 million profit in Q1 2026. Production hit 1.21 million tonnes at 98 per cent capacity, while 61 per cent of March output was rerouted amid Strait of Hormuz logistics disruptions. ...

Energy, Oil & Gas

UAE exit from OPEC 'will have limited immediate impact on oil market'

The United Arab Emirates’ planned exit from OPEC and OPEC+ from May 2026 is expected to have limited immediate impact on oil markets in the near term but could weaken the group’s supply management over time, HSBC said, while OPEC+ sources signalled the alliance would remain broadly intact....

Energy, Oil & Gas

UAE’s Opec exit signals turning point for global oil, says expert

The UAE’s decision to exit Opec and Opec+ marks a significant turning point in global oil markets, said a leading market analyst, highlighting shifting geopolitical dynamics and evolving supply expectations. The UAE is leaving the alliance effective May 1, ending nearly six decades of membership. ...