Oil
UAE’s fuel pricing reflects international crude oil prices and ensures economic stability nationwide
In Q2 2025, NMDC Group maintained its growth trajectory, reporting AED 7.1 billion in revenue, a 5 percent increase compared to Q2 2024
Trump plans secondary tariffs of 100 percent unless Russia resolves its conflict within 10 days
The U.S.-EU agreement imposed a 15 percent tariff, averting a major trade war impact
Traders worry Trump's tariffs may slow global economic growth and reduce energy demand significantly
U.S. tariffs on EU imports are expected to raise trade anxieties beyond the oil sector
U.S. crude inventories fell by 3.9 million barrels, exceeding expectations for a substantial decrease
OPEC projects better global economic performance in the second half, improving oil demand expectations
The June PMI rose to 53.5, indicating ongoing expansion despite slight deceleration in momentum
This transfer aligns with ADNOC's strategy to consolidate international investments under XRG's management
Travel and tourism surges are projected to continue, boosting demand for gasoline and diesel