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Energy
A supermarket in Tehran. The country has experienced unrest due to a deepening economic crisis. EPA

Oil settles higher as supply risks linger amid US-Iran tension

Benchmark prices hit multi-month highs this week

Markets

InterviewEni expands North African exploration and targets Q1 Cyprus gas decision

Oil oversupply expected to cushion major price shock if US attacks Iran

Dr Sultan Al Jaber recognised for leadership in energy, AI and economic growth

Alterra plans to launch climate fund worth $1.2bn

Venezuela, Greenland and Trump's energy dominance push

Oil prices tumble as Trump holds off Iran attack, easing supply concerns



Spotlight

  • Tommy Fleetwood during the third round of Dubai Invitational at Dubai Creek Golf Club. EPA

    Fleetwood says Invitational has been ‘humbling’ after 12-shot swing

  • US President Donald Trump will bring the largest American delegation yet to Davos for the World Economic Forum's 56th Annual Meeting. AFP

    CommentWhy Davos matters more today than at any other time

  • The current Dubai property market is in a mature phase and rewards selectivity, patience and realism rather than urgency. Antonie Robertson / The National

    UAE Property: ‘Is it too late to get into the Dubai housing market?’

  • Syrian government soldiers on the motorway to Deir Hafir, as Damascus sends reinforcements to an eastern front line. EPA

    DispatchWar on Syrians' lips as army builds up forces for clash with Kurdish militia

  • The Grade II listed white stucco-fronted townhouse in Half Moon Street provides 5,019 square feet of accommodation over seven floors. Photo: Beauchamp Estates / Alex Winship

    Emirati businessman puts £14m Mayfair home that inspired Oscar Wilde up for sale

  • Shoppers in Tehran. A sharp rise in the cost of living has been blamed for protest that have rocked Iran. EPA

    Iran's economics: Explaining the weak rial and rising inflation

  • Protesters block a road in Tehran. Nationwide demonstrations were sparked by economic hardship. Getty Images

    Beyond the HeadlinesWhat options does Iran have as pressure builds?

  • What appeared to be a bronze whaler shark was spotted in Dubai. Photo: Wikicommons

    UAE residents report shark sightings – but toasters are more of a threat


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Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Chairman of Masdar, says global energy demand is accelerating across every sector. Victor Besa / The National

AI growth to drive 500% surge in data centre power demand by 2040

Dr Sultan Al Jaber, at opening of Abu Dhabi Sustainability Week, said hydrocarbons remain central to growth

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The UAE, Saudi Arabia, Oman and Qatar are national clean-energy champions. Victor Besa / The National

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The Zafarana wind farm in Egypt. The country has been struggling with an energy crisis. Victoria Hazou for the National

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Lukoil has been weighed down by Western sanctions that may have affected Iraqi output. Reuters

Iraq to nationalise Russian-run oil field as sanctions weigh Lukoil down

Baghdad to take control of West Qurna 2, one of the world's largest, as sanctions cause potential disruption

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Two crude oil tankers at Lake Maracaibo, in Venezuela. A rebound in the country's output will also be supported by work in the Maracaibo Basin. AFP

Venezuelan oil output could hit 1.2 million bpd by end of 2026 without sanctions

Any recovery would reshape heavy-sour crude flows, favouring US refiners while squeezing Asia, Kpler says

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Dana Gas receives $50m from Egyptian government with plans to boost operations

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UAE fuel prices to start 2026 with drop in January, with diesel down more than 10%

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A fire at Fuerte Tiuna, Venezuela's largest military complex, after a series of explosions in Caracas on Saturday. AFP

What impact will the US attack on Venezuela have on oil prices?

The Trump administration was already waging a campaign against the country's oil exports

Energy

Oil down at start of 2026 amid geopolitical tensions and oversupply concerns

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UAE fuel prices to start 2026 with drop in January, with diesel down more than 10%

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Oil poised for sub-$60 territory in 2026 amid rising output

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