oil price

Projectile sets on fire tanker off Oman coast in Hormuz

US president signals both diplomacy and military options remain open

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Crowds of mourners surround the convoy carrying the coffins of Iran's slain supreme leader Ali Khamenei and members of his family during a funeral procession near Azadi Square in Tehran on July 6, 2026.

Why OPEC+ is pumping more oil again in August

Sunday decision comes as shipping through the Strait of Hormuz continues to normalise

Energy ministers from Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman agreed to implement the production adjustment from August 2026

Air India cuts long-haul fees, airfare relief in sight

Lower fuel surcharge to make Air India’s long-haul international fares cheaper

Air India lowers fuel levy on North America, Europe, UK and Australia flights after ATF eases. Illustrative image

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.

Why UAE drivers may wait longer for fuel relief

Oil prices fell 15% in May to $91, but too soon for fuel relief to reach motorists in June

UAE announces petrol prices for June: How much you will pay for fuel next month

UAE petrol prices to drop in June if Iran war ends?

Oil slips below $100 as talks progress, but fuel relief may stay limited for UAE motorists

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

US crude futures fall, Brent down nearly 3%

Crude pulls back from prior gains amid pause in US military action on Iran

US crude futures fall, Brent down nearly 3%

UAE says OPEC exit reflects sovereign energy vision

Al Mazrouei says UAE exit from OPEC was sovereign strategic decision

Al Mazrouei said the move followed a comprehensive review of the UAE’s national production policy and future energy capacity.

Oil stays above $100 after Hormuz clashes

Brent heads for a weekly loss, but Hormuz risks keep fuel and shipping costs exposed

Oil prices stay above $100 after Hormuz clashes keep fuel cost fears alive

Oil at $150 may be weeks away if Hormuz stays shut

Experts say Hormuz disruption, US-Iran tensions and supply gaps could drive oil higher

US Marines board the commercial ship M/V Blue Star III in the Arabian Sea, near the Strait of Hormuz.

Hormuz standoff sends oil above $114

Brent’s move above $114 revives inflation concerns for consumers and businesses

Oil above $114 raises fresh fuel and airfare worries

What is OPEC, OPEC+? All you need to know

From petrol prices to global power — here's why OPEC still shapes your world

OPEC has been handling the supply side of things quite well. Those moves to curtail production is fetching results.

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