Brent Crude Slips to $94 as OPEC+ Approves July Output Hike Amid Hormuz Tensions
Oil markets edged lower on Tuesday after OPEC+ approved a 188,000 bpd increase in July production quotas, even as geopolitical uncertainty surrounding the Strait of Hormuz kept prices elevated.
Arabian Gulf Shipping Update: How GCC Businesses Are Managing Elevated Maritime Risk
For the first time since the early 1980s, the Arabian Gulf's principal maritime trade corridor is operating under conditions of significant navigational complexity. The...
UAE Withdraws from OPEC and OPEC+: What It Means for Gulf Energy Policy
The United Arab Emirates announced its decision to withdraw from OPEC and the broader OPEC+ production alliance during a high-level GCC summit convened in...
UAE Petrol Prices June 2026: Super 98 at Dh3.66 — What Drivers and Businesses Need to Know
The UAE Fuel Price Committee has set petrol prices for June 2026, with Super 98 remaining at Dh3.66 per litre, Special 95 at Dh3.54...
Saudi Arabia’s PIF Raises $15 Billion Green Bond — Largest Sovereign Green Issuance in GCC History
Saudi Arabia's Public Investment Fund (PIF) has successfully priced a USD 15 billion green bond issuance across 5-year, 10-year, and 30-year tranches — the...
