UAE’s XRG deepens US LNG bet with Texas deal

XRG expands stake in major US LNG project

Abu Dhabi energy firm now has exposure across all five Rio Grande LNG trains

UAE oil exports are returning back to pre-war levels

Crude shipments recover strongly as Fujairah pipeline, logistics network support exports

A truck drives past an ADNOC facility in Abu Dhabi on March 3, 2026.

UAE fuel outlook: Will petrol prices keep falling now?

Lower oil prices to aid further fuel relief, but Hormuz risks can slow pace of price cuts

A drop of petrol falls from the nozzle of a petrol pump at a petrol station on March 9, 2026.

Crude extends post-war slump as Hormuz fears fade

Oil prices slide as Hormuz shipping moves again, war risk premium eases

An oil refinery in Philadelphia. US benchmark West Texas Intermediate and global market Brent crude slumped on Thursday as war risk largely eased following the June 17 US-Iran Memorandum of Understanding (MOU), which committed both sides to restoring commercial shipping through the Strait of Hormuz as part of broader ceasefire and de-escalation efforts.

Hormuz traffic rebounds slowly despite ceasefire

Strait of Hormuz traffic inches back as shippers stay wary despite US-Iran truce

Commercial traffic transiting through the Strait of Hormuz as of 8.10 am Tokyo time on Thursday (July 2, 2026), as shown by online global ship tracking site Marine Traffic.

US extends sanctions waiver of Serbia oil firm

Washington grants 30-day waiver for Serbian oil firm amid Gazprom exit talks

US has extended a sanctions waiver on Petroleum Industry of Serbia (NIS). The waiver extension was granted by the US Treasury's Office of Foreign Assets Control which was due to expire at midnight on Wednesday.

Oil sliding toward pre-war levels — relief for drivers?

Oil prices mixed as benchmarks hover near multi-month lows amid easing tensions

Brent benchmark reached $73.45 per barrel (a rise of 50 cents, or 0.69%) while WTI crude for near-term delivery rose 38 cents to $69.88 a barrel, while Murban crude (UAE) slid to $69.01 down 73 cents (-1.05%), and OPEC Basket wasdown $2.89 (-3.60%) to $77.37 at 11.42am Wednesday as of 11.12am in Tokyo on Wednesday (July 1, 2026).

UAE slashes fuel prices: How much you will save in July

First monthly cut since February brings relief after four months of steep fuel price rises

UAE slashes fuel prices: How much will you save on petrol, diesel in July?

UAE announces petrol and diesel prices for July 2026

July price revision reflects global oil trends and local market dynamics

The revised prices will come into effect from July 1, 2026.

UAE fuel price out today: Petrol to be cheaper in July?

Oil drops back near pre-war levels, but fresh Gulf tensions could limit July petrol cuts

Since the UAE deregulated fuel prices in 2015, monthly adjustments have followed global oil market trends.

Mixed market signals: Brent climbs to $73.15, WTI slips

Brent climbs above $73 as West Texas Intermediate drops amid uncertainty over oil exports

A man fills in his car with petrol at a gas station in Saint-Etienne-de-Montluc, western France. File photo taken on April 15, 2026

ADNOC's biggest gas project goes beyond oil for UAE

World's largest gas cap project to support UAE's energy security, industry, LNG ambitions

A truck drives past an ADNOC Gas — a subsidiary of the Abu Dhabi National Oil Company — facility in Abu Dhabi on March 3, 2026.

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