Gas prices at a Shell gas station above $6 a gallon for regular gasoline and $8 a gallon for diesel are displayed across from a US flag outside of the Marathon Petroleum Corp.

Trump signs order for cheaper, 'red-dyed' diesel

Executive Order enables cheaper diesel, bypassing US federal highway tax

Brent settles at $100.32 amid higher Gulf exports

G7 reserves and Gulf oil flows weigh on crude prices, Brent at $100.30

The declines in crude oil prices followed reports improving Middle East oil flows against persistent security risks around the Strait of Hormuz.

Petrol-only cars fall <50% of global new-vehicle sales

EVs and hybrids surge as petrol-only vehicles drop below 50% of new car sales

Electric vehicle (EV) sales are accelerating, thanks to features, tech, design, and cost that are quite compelling. In 2022, 14.28% of vehicles sold globally were EVs – up from 1.4% five years earlier. In 2023, global EV sales grew by another 31% (it jumped 60% in 2022), such that fully electric or battery electric vehicles (BEVs) accounted for 9.5 million out of the 13.6 million EVs sold around the world. As of September 2026, Nikkei reported that petrol cars lost their majority with under 50% of global new-car sales.

Dubai tightens controls on petroleum products trading

Inspections uncovered diesel stored and traded at unlicensed facilities in Dubai

The Council seeks to maintain secure and efficient operations across every stage of petroleum products trading, including storage, transport, distribution and supply. [Illustrative image]

ADNOC signs major LNG supply deal with Thailand

UAE energy giant expands Thailand partnership as it targets 47m tonnes of LNG by 2035

ADNOC Trading will deliver approximately 2 million tonnes of LNG to Gulf Group over a multi-year term, starting in 2027.

Satellite view: 19 oil transfers seen off Oman on Oct 4

Ship-to-ship manoeuvres bypass Strait of Hormuz amid heightened security risks

The European Space Agency’s (ESA) Sentinel-2, high-resolution imagery satellite, captured a surge in ship-to-ship transfers off Oman and Fujairah in the UAE on October 4, 2026.

What China has that Elon Musk doesn’t

China’s next EV power play: Beijing targets solid-state battery scale by 2030

Governments are investing in battery raw material supply chains, while battery manufacturers are forming alliances with mining companies. Expectations point towards a cost decline over time, with China emerging as a dominant global battery manufacturing powerhouse using to government's drive and investments.

Tanker costs soar 43-fold amid Hormuz tensions

VLCC freight rates hit record highs, reshaping Middle East oil shipping

The crude oil tanker, Amjad, one of two tankers that were damaged in mysterious "sabotage attacks" in the Gulf. Saudi Arabia said two of its oil tankers were damaged in the "attacks" as tensions soared in a region already shaken by a standoff between the United States and Iran.

Why OPEC+ is holding oil output steady for November

Gulf producers remain well below pre-war output as OPEC+ delays its next major move

The seven core OPEC+ members will meet online again on November 1, when they are expected to consider production plans for December.

G7 to release 100m barrels of oil as fuel prices soar

Coordinated move will begin immediately, with substantial diesel supplies released first

Diesel will be front-loaded as governments respond to pressure from soaring energy costs.

US-Iran conflict: What UAE residents need to know today

Key updates on US-Iran tensions impacting UAE residents today

A view of the Dubai International Airport (DXB).

US urges EU allies to release strategic diesel reserves

Trump administration calls for immediate action on global diesel costs

A customer fills up his car at a BP fuel station. File photo taken on May 21, 2026 in Skokie, Illinois.

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