Oil prices
Key investments of AED150 to AED200 billion target a significant increase in renewable energy capacity
Super 98 petrol will now cost AED2.70 per litre, increasing from AED2.58 in June
The market has largely eliminated the geopolitical risk premium after the ceasefire announcement
As Middle East tensions now appear to have eased, the outlook for crude oil prices remains uncertain
Crude inventories dipped 5.8 million barrels, the EIA said, exceeding analysts' expectations for a 797,000-barrel decline
Total public spending in GCC countries is projected to reach $542.1 billion in 2025
Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows
Investors expect a return to normalcy in oil if the ceasefire terms are upheld
Goldman Sachs predicts Brent could peak at $110 if oil flows through the strait are disrupted
Trump will decide whether the U.S. will get involved in the Israel-Iran conflict in the next two weeks, the White House said
Lower Iranian supply and risk of wider disruption could push Brent crude above $90, said Goldman Sachs.
