Gulf Oil Exports Rebound as Brent Slips Below $100, but UAE Motorists and Markets Still Feel the Strain
Brent crude fell under $100 a barrel on Tuesday as data showed Middle East exports recovering toward pre-war levels, helped by pipelines that bypass the Strait of Hormuz. Producers and analysts caution that stockpiles are thin and new attacks in Yemen and Saudi Arabia could reverse the improvement. In the UAE, petrol prices remain well above September levels.
UAE Petrol Prices Hit Their Highest Levels This Year as Brent Holds Above $100
UAE pump prices rose again on 1 October, the third straight monthly increase, with Super 98 now at Dh4.40 a litre. Brent crude is above $100 and a G7 stock release has only partly offset the Middle East supply risk.
UAE Petrol Prices Jump About 16% for October as Oil Markets Stay Elevated
UAE fuel prices rise for a third straight month in October, with Super 98 up 15.7% to Dh4.40 and diesel up 11.6% to Dh4.80. Global crude remains elevated amid uncertainty over US–Iran talks and disruption around the Strait of Hormuz.