UAE | Egypt Oil & Gas - Part 3
UAE Exits OAPEC After Leaving OPEC and OPEC+
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 in 1... Goldman Sachs: UAE Exit from OPEC Signals Medium-Term Upside Supply Risk
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, re...
ADNOC LNG Tanker Makes First Hormuz Crossing Since Conflict
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 mar...
Fujairah Refined Product Stocks Fall to Nine-Year Low
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 report...
Fire breaks out at Fujairah Oil Zone After Suspected Drone Incident
A fire broke out in the Fujairah Oil Industry Zone (FOIZ) following a suspected drone incident, the UAE News Agency reported on May 4. Civil defense teams responded immediately and are working to contain the fire. Aut...
Oil Tanker Crosses Strait of Hormuz Amid Ongoing Regional Disruptions
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 shippin...
ADNOC Says Operations Remain Steady Amid Regional Tensions
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 concern...
ADNOC Distribution’s Net Profit Increases 15.4% in 2025
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 performan...
