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Energy Windfall: Oil Majors Post $93B Q2 Profits as Iran War Drives Price Surges

Energy supply shock from Hormuz closure doubles majors’ quarterly profits Eight of the world’s largest oil producers posted a combined…

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News

Red Sea Security Crisis: Houthis Claim Ballistic Missile Attack on Saudi Oil Tanker Off Yanbu

Yemen’s Iran-backed Houthis said that they had attacked a Saudi oil tanker off Yanbu, in the Red Sea, as the…

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UAE August 2026 Fuel Rates: Will $100 Crude Oil Trigger a Price Hike at the Pump?

Brent spikes as Red Sea attacks reignite fears, clouding hopes of another fuel price cut UAE motorists could see fuel…

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News

Oil Surges Past $100: US Completes 13th Night of Iran Strikes as Bahrain Triggers Sirens

Bahrain activated its sirens early Friday, warning residents to shelter from detected fire hours after the US military said it…

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News

US Military Completes 11th Night of Strikes on Iran: Pakistan Mediation Efforts Stalled as Oil Prices Spike

The U.S. military said it completed the 11th night of strikes on Iran early Wednesday as attacks across the Middle…

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News

OPEC+ August Production Update: Seven Nations Agree to 188,000 bpd Oil Output Increase

A handful of countries in the OPEC+ oil-producing alliance plan to increase their outputs modestly next month, which would bring…

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Business

Beyond the Oil Rig: The Bold Masterplan Driving the UAE’s Largest-Ever Gas Project

World’s largest gas cap project to support UAE’s energy security, industry, LNG ambitions When ADNOC secured the world’s largest gas…

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News

Oil Touches 2-week High after Barakah Drone Attack

Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear…

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News

US Fires on Iranian Oil Tanker as Trump Pressures Tehran for Deal to End War

The US military fired on an Iranian oil tanker Wednesday as President Donald Trump sought to pressure Tehran into reaching…

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News

Oil Prices Rise Over Stalled US-Iran Talks

Major developments we’re monitoring: Iran’s Foreign Minister Abbas Araghchi was in Russia Monday for a meeting with President Vladimir Putin as…

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