The UAE has announced its departure from the Organization of Arab Petroleum Exporting Countries (OAPEC), Reuters reported, citing a statement from the intergovernmental alliance released on Sunday. OAPEC, founded ...
The United Arab Emirates’ (UAE) decision to exit OPEC and the wider OPEC+ alliance poses a significant upside risk to global oil supply over the medium term, Goldman Sachs, a leading global investment banking firm ...
A liquefied natural gas (LNG) tanker managed by the UAE’s ADNOC Logistics & Services has crossed the Strait of Hormuz and is now positioned off India’s west coast, according to Reuters. If verified, this would ...
Refined oil product inventories in Fujairah, the United Arab Emirates (UAE), dropped below 10 million barrels (mmbbl) on April 15, marking their lowest level in at least nine years, according to the latest data re ...
An oil tanker has navigated the Strait of Hormuz on route to the United Arab Emirates (UAE) to lift crude oil, marking one of the few voyages through the strategic waterway since regional hostilities disrupted shi ...
The Abu Dhabi National Oil Company (ADNOC) affirmed that its oil and gas operations remain fully operational, despite escalating regional tensions following reported US and Israeli strikes on Iran, heightening con ...
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, reported a record net profit of $761 million for 2025, marking a 15.4% year-on-year (YoY) increase that exceeded analyst expectations. The perfo ...
Carlyle, the US private equity firm, has entered exploratory discussions with investors in the UAE about potentially bringing in partners if it moves ahead with its planned acquisition of Russian oil producer Luko ...
ADNOC Gas plc and its subsidiaries have signed a sales and purchase agreement with Hindustan Petroleum Corporation Limited (HPCL), valued between $2.5 and $3 billion over a ten-year period. ADNOC Gas has converted ...
ADNOC Distribution, the UAE’s leading mobility and convenience retailer, kicked off one of the world’s largest superfast electric vehicle (EV) charging hubs, outlined plans to equip the nation's highway network wi ...
