The wreckage of a drone in the Ukrainian city of Zaporizhzhia. Russia and Ukraine have accused each other of New Year's Day attacks. AFP

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

Brent and WTI lost nearly 20% in 2025 – the worst annual showing since 2020

Markets

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

Energy

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

Energy

Taqa and Ewec complete $980 million Al Dhafra power plant deal

Energy

Lebanon turns to Egyptian gas to ease electricity shortages

Energy

Business InsightsOur children in 2100 will inherit today’s energy decisions

Energy

Business InsightsWhy the build-up of oil at sea doesn't signal a collapse in demand just yet

Business
A US military helicopter flies over the Panama-flagged Centuries, which was intercepted by the US Coast Guard days after President Donald Trump announced a 'blockade' of all sanctioned oil tankers entering and leaving Venezuela. Reuters

Oil slips by more than 2% on US-Ukraine meeting but still ekes out weekly gain

US strikes on Nigeria creating short-term supply risks for crude

Energy

Russia blames sanctions for delaying annual LNG output target of 100m tons

Energy

UAE's Amea Power lands funding for 50MW Ivory Coast solar-power plant

Energy

Masdar enters Malaysia with development of $208 million floating solar plant

Energy

Libya opens oil and gasfields in bid to attract multi-million dollar investments

Energy

Mubadala partners with Actis to invest $352m in renewable energy firm Rezolv

Energy

Business InsightsGulf countries should tap into Pakistan's mineral wealth

Energy
The Amal oilfield in Libya's Sirte Basin. The country aims to boost oil output to two million barrels per day by 2030. Reuters

Libya opens oil and gasfields in bid to attract multi-million dollar investments

North African state is targeting higher output and greater relevance in European markets

Energy

Mubadala partners with Actis to invest $352m in renewable energy firm Rezolv

Energy

Business InsightsGulf countries should tap into Pakistan's mineral wealth

Energy

Adnoc secures $2bn South Korea-backed green loan

Energy

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