Energy News

Opec 'not ready' to cut production, says El Badri

Russia and Opec are pursuing the same goals of keeping the oil market balanced and stable, Energy Minister Alexander Novak told Opec secretary-general.

Enoc set to add more service stations

Al Falasi said that the Dubai-headquartered company is looking at expanding its operations outside its home market.

Adnoc to use minor profit for expansion

Al Dhaheri said "when setting the new prices, we have considered international prices as the benchmark and include an added operation cost and minor profit margin".

Higher fuel price to hike inflation, but there are benefits

"Impact on inflation should be minor, particularly as diesel prices have dropped, and that drives commercial transport."

UAE hikes petrol prices by over 24%

High-level Gasoline and Diesel Prices Committee to meet; BofA, Moody's welcome move

Barakah plant on course for completion

The project will eventually consist of four nuclear power generating units with a combined capacity of approximately 5,600 MW and their associated facilities.

Arab states may toe UAE line, remove fuel subsidies

Kuwait and Saudi Arabia are already working on plans to link fuel prices to market movements.

Oil deregulation to aid economy, consolidate government finances

The government announcement on Wednesday has been appreciated by economists, businesses and other stakeholders who say it aimed at sustainable economic growth and development.

Inflation set to rise on removal of subsidies

Zero petrol subsidy to pump up UAE economy

Ministry to decide fuel prices based on global average on 28th of every month.