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. ...
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. ...
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....
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. ...
In a shock move poised to rattle global oil markets, the UAE has announced it will exit the Organisation of the Petroleum Exporting Countries and its wider Opec+ grouping, effective May 1, 2026....
Integrated Global Services (IGS) research shows 46 per cent of oil and gas assets in Saudi Arabia and UAE operate beyond design life, with 83 per cent still confident in performance despite downtime losses and growing focus on efficiency and reliability. ...
The UAE has presented its Tenth National Report at the Review Meeting of the Contracting Parties to the Convention on Nuclear Safety (CNS), held at the International Atomic Energy Agency (IAEA)....
The UAE Ministry of Investment signed an MoU with Jereh Group to develop a energy industrial platform, strengthening UAE-China ties and positioning UAE as a hub for energy technologies including SMRs, anode production, battery recycling....
Marine fuel sales at UAE’s Fujairah port hit a record low in March, as the US-Iran conflict disrupted supply and demand at the key Gulf refuelling hub, with bunker volumes falling to 158,852 cubic metres....
Shell is in advanced talks with Abu Dhabi's state oil company Adnoc to sell its retail fuel stations in South Africa in a deal likely to be valued at about $1 billion, Bloomberg News reported....
The UAE Ministry of Energy and Infrastructure (MoEI) has announced the launch of a strategic project to implement microgrid systems, marking a significant step forward in strengthening the UAE’s approach to building a smart, resilient, and adaptive energy ecosystem....
The eight OPEC+ countries, namely the UAE, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, have announced an adjustment to oil production levels, reaffirming their joint commitment to supporting stability in global oil markets, said a report. ...
Senior UAE authorities have reported damage at a major plant of leading petrochemicals company Borouge located in Abu Dhabi after falling debris from an air defence interception ignited three fires, but no injuries were reported. Earlier, authorities said operations at the plant were suspended because of the blaze. ...
The UAE is strengthening its role as a global clean energy investment hub through major 2026 projects by national firms, supporting sustainable energy delivery across Asia, Africa and Europe while boosting growth and reducing carbon emissions....
Adnoc Distribution announced shareholders approved all AGM agenda items, including a $350 million (AED 1.28 billion) final cash dividend for H2 2025, equal to 10.285 fils per share, payable in April 2026....
The UAE has increased fuel prices sharply for April 2026 amid rising oil prices globally, following the Middle East conflict and closure of Strait of Hormuz by Iran....
Emirates Water and Electricity Company (Ewec) has announced that it has received four competitive proposals for the development of Al Nouf 1 Independent Power Producer (IPP) project. The country's largest single-site carbon-capture-ready CCGT plant, it will generate up to 3.3GW power once operational. ...
Saudi Arabia has curtailed its crude oil production by an estimated 2 million to 2.5 million barrels per day, while the UAE has reduced output by approximately 500,000 to 800,000 barrels daily, Bloomberg reported....
Adnoc confirms ongoing operations amid regional disruptions, activating safety protocols, managing offshore production, using alternative export routes, maintaining onshore activities, and proactively communicating with customers to ensure supply continuity and protect people, assets, and facilities....
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE. ...
