A scene at a petrol pump in the Philippines. Filipino motorists may face another round of fuel price spikes amid the US-Iran standoff and risks faced by crude oil tankers transiting the Strait of Hormuz. File photo taken on March 30, 2026.

Philippines to raise fuel prices next week

Diesel, gasoline and kerosene seen posting steep gains in mid-August adjustments

US says Hormuz oil flows 'higher than tracked'

US says Hormuz exports down from pre-war levels but higher than trackers show

Fishermen work in front of oil tankers south of the Strait of Hormuz.

UAE condemns targeting of two ADNOC vessels in Hormuz

Abu Dhabi denounces Revolutionary Guard assault in Strait of Hormuz as economic coercion

MoFA blasts use of Strait of Hormuz as tool of economic coercion and blackmail

ADNOC’s XRG enters Venezuela with offshore gas stake

ADNOC’s XRG adds Loran gas stake to expand its Atlantic Basin presence

Adnoc's XRG enters Venezuela with stake in major offshore gas licence

SM books $748m profit, reveals next growth wave

From malls to megaprojects, SM doubles down on provincial expansion and clean energy

A view of SM City North, with the LRT-MRT-Subway common station in EDSA, Quezon City, Metro Manila. SM Investments Corp. (SMIC) reported an 8% increase in consolidated net income to ₱45.9 billion ($748 million) in the first half of 2026, up from ₱42.6 billion in 2026.

US on track for record gas production in 2026: EIA

US natural gas output set for another record as production surges to 122.5 Bcf/d

A Unit Drilling Co. rig stands in the Bakken Formation in this aerial photograph outside Watford City, North Dakota. The US Energy Information Administration (EIA) states that US natural gas production is on track to hit a new annual record in 2026, with output averaging 122.5 Bcf/d, which underpins the US' growing importance in global gas markets.

IEA expects 2026 oil demand to drop by 1.6 mb/d

Global supply to shrink in 2026, surge back above 110 mb/d in 2027

A forecast by the International Energy Agency (IEA) estimates that global oil demand will drop by 1.6 mb/d in 2026, and 2.4 mb/d in 2027.

DEWA H1 profit jumps 15% to record Dh3.33 billion

DEWA said it expects to distribute another Dh3.1 billion dividend in late October 2026

Al Sheraa DEWA

TAQA targets young Emiratis for Net Zero jobs

Graduate, technician and leadership tracks prepare Emiratis for clean-energy careers

UAE Net Zero push could create 200,000 jobs, TAQA Transmission targets young Emiratis

Oil nears $90 as Hormuz hopes fade

Hormuz crisis keeps supply chains under pressure even as reopening hopes rise

A man sits on a surfboard as a container ship and other commercial vessels appear anchored in the Strait of Hormuz off Bandar Abbas, in Iran.

AI's hunger for power sparks US private gas plant boom

AI data centers drive off-grid gas boom, rivaling Mexico’s power capacity

The Calpine gas-fired power plant in Pittsburg, California, US.

Diesel prices spike as refinery attacks curb supplies

Oil product disruptions drive sharp diesel price rally across US and European markets

The price rally comes as US distillate inventories, which include diesel and heating oil, stood at 107.2 million barrels as of July 31, reaching their lowest level for this time of year in three decades.

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