Drop led by 20% slump in middle distillates Inventories fall from 25-month high Heavy distillates drop most since Aug. 21 Oil product stockpiles at the UAE’s Port of Fujairah fell Continue Reading
The United Arab Emirates (UAE) on Monday said it fully stands with Saudi Arabia in its efforts to support energy stability and security, UAE state news agency (WAM) reported, citing Continue Reading
The United Arab Emirates agreed to an LNG supply deal with Germany’s RWE during Chancellor Olaf Scholz’s visit to the Gulf. The deal only covers one tanker of LNG, or Continue Reading
The UAE looks to speed up the development of its Ghasha sour gas project. The Ghasha concession is the world’s largest offshore sour gas development. Italian oil major Eni is Continue Reading
ADNOC awarded $2 billion worth of drilling contracts for Hail and Ghasha sour gas projects. The UAE is looking to achieve self-sufficiency in natural gas production. The contracts are part Continue Reading
French President Emmanuel Macron said on Monday the president of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan (MbZ), had told him two top OPEC oil producers, Saudi Arabia Continue Reading
India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere Continue Reading
France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European Union ban on Russian crude, Finance Minister Continue Reading
The UAE is looking to expand its production capacity from 4 million bpd today to 5 million bpd ahead before 2030. The investments in production expansion are also aimed at Continue Reading
UAE, Saudi have spare oil capacity that is now in demand U.S. waited till crisis before seeking help, says source Longtime U.S. allies have been building Russia ties Yemen war, Continue Reading
