UAE delegation concludes China visit exploring strategic partnerships in energy, advanced technologies, sustainable transport

UAE delegation wraps China visit on energy, tech ties

Strategic talks in China focus on UAE's energy and transport sustainability goals

Trump lashes out at Zelensky over hits to Russian oil

Trump criticizes Zelensky as Ukraine defies U.S. demands on Russian oil strikes

A Liberia-flagged Aframax oil tanker named the 'Aframax Rio' caught fire in the Black Sea near the Russian resort city of Sochi after a suspected attack by Ukrainian uncrewed sea drones. The incident, which occurred on October 6, 2026, sent massive columns of black smoke and bright orange flames into the sky, visible from the shoreline.

Ukraine attacks on Russian refineries a disgrace: Trump

Trump questions Zelensky's approach as refinery strikes escalate tensions

Smoke rises from the area of the Russian oil producer Gazprom Neft's Moscow oil refinery as seen from Dzerzhinsky in the Moscow region. File photo taken on September 20, 2026.

Oil edges lower in Asian trade, Brent holds above $105

Oil prices dip as Middle East tensions and US tanker policies weigh on markets

An Oil tanker named Yu fu Zuo unload imported crude oil at the crude oil terminal of in Qingdao port, in China’s eastern Shandong province. File photo taken on July 16, 2026.

Oil prices diverge as Brent falls below $106, WTI rises

Oil benchmarks show mixed trends with OPEC Basket leading gains

US crude gains while Brent and Abu Dhabi's Murban retreat, as the OPEC Basket posts the strongest advance among the listed benchmarks.

6 US senators urge Trump to reverse Russian diesel plan

Bipartisan lawmakers demand reversal of controversial Russian fuel import plan

President Donald Trump speaks with reporters as he arrives on Air Force One, Saturday, Oct. 10, 2026, at Joint Base Andrews, Md. (AP Photo/Alex Brandon)

Trump moves to lower fuel prices before midterm polls

Diesel deal sparks debate as Trump prioritises lower energy costs for Americans

Washington has issued a temporary licence for Russian diesel supplies as petrol and diesel prices climb amid disruptions linked to the war with Iran.

Brazil sues Shell for $108m over deadly 2024 floods

Historic lawsuit targets oil giant Shell for role in Brazil's climate disaster

A man uses a damaged refrigerator as a boat to carry groceries on a flooded street in Porto Alegre, Rio Grande do Sul, Brazil on May 26, 2024.

Trump says Putin agrees to boost global diesel supplies

Putin agrees to major diesel release amid surging energy costs

Trump announces Russian diesel deal to ease global energy crisis

Oil surges, stocks sink on US war plans in Iran

Global markets react to inflation concerns and bond yield pressure

Brent crude futures, the international benchmark for oil prices, are up more than 58% in the last 12 months.

Oil prices remain volatile amid risks: Brent at $100

Oil prices fluctuate as Hormuz risks and Gulf export recovery clash

Brent has struggled to fall decisively below $100 despite the recovery in Gulf crude exports: freight rates, war-risk insurance and inefficient alternative shipping routes remain exceptionally expensive.

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

Executive Order enables cheaper diesel, bypassing US federal highway tax

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.

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