ADNOC Cuts Murban Premium for December as Gulf Producers Fight for Asian Market Share
ADNOC has reportedly cut the December premium on its flagship Murban crude by more than 60 per cent to $4 a barrel, shortly after Saudi Aramco's own price cuts. The moves reflect a rebound in Gulf exports and growing competition for buyers in Asia.
UAE Trade Keeps Double-Digit Growth Through the First Nine Months of 2026
Foreign Trade Under-Secretary Fahad Al Gergawi says UAE trade has grown at a double-digit pace through the first nine months of 2026 despite global and regional pressures. Non-oil trade topped $1 trillion in 2025, and officials expect further growth this year.
ADNOC Chief Calls for a Global Energy Security Rethink as Hormuz Disruption Drains Oil Stocks
Opening ADIPEC 2026, ADNOC chief Sultan Al Jaber said the world has run down its energy safety margins and set out five priorities to rebuild them. He pointed to depleted inventories and a sharp rise in the share of oil costs taken up by logistics.
IMF Says Iran War Energy Shock Is "Large but Contained" as Gulf Economies Brace for a Contraction
The IMF's managing director says the energy price shock from the US-Iran war has been large but contained so far, though high prices are likely to linger. The World Bank expects GCC economies to contract by an average of 4.3 per cent this year.
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 Enters World's Top 25 Most Innovative Economies for the First Time
The UAE has climbed five places to 25th in the 2026 Global Innovation Index, up from 30th last year. It ranks first worldwide in four indicators, including entrepreneurship policies and start-up financing.
US Slaps New Sanctions on Iran's Aviation Sector as UAE Watches Hormuz Closely
Washington has launched a fresh round of secondary sanctions targeting Iran's civil aviation industry, raising fresh concerns for Gulf shipping and airspace even as backchannel diplomacy continues at the United Nations. UAE-based carriers, ports and fuel suppliers are being urged to review compliance as the region braces for potential fallout.