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              Oil

              Latest news about the key commodity driving global economies, markets and energy policies

              Vessels dotted around the Strait of Hormuz, off Musandam in Oman, unable to sail through. Reuters

              Oil prices surge after Trump dismisses Iran offer

              EnergyMay 11, 2026
              Iraq's President Nizar Amede, centre left, shakes hands with newly designated Iraqi prime minister Ali Al Zaidi in the company of some of the country's political leaders in Baghdad. AFP

              Iraq's PM-designate confronts worst fiscal crisis in decade after Iran war oil shock

              EnergyMay 11, 2026
              A worker fills the tank of a customer's motorcycle at a petrol station in Peshawar, Pakistan. Prices for distillates – diesel and jet fuel – have reached alarming heights in some markets. EPA

              Don't be fooled by cheap oil

              EnergyMay 11, 2026
              Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia. Reuters

              Saudi Aramco posts 25% rise in Q1 profit despite war-related disruption

              EnergyMay 10, 2026
              The National

              Shadi's take on the oil price fluctuations amid US-Iran ceasefire tensions

              CartoonMay 08, 2026
              The oil refinery in Zawiya, west of Tripoli, has a capacity of 120,000 barrels per day. Reuters

              Clashes halt operations at Libya’s largest oil refinery

              MENAMay 08, 2026
              The Nahr Bin Umar Oil and Gas Field on the outskirts of Basra, southern Iraq. AFP

              Iraq announces major oil discovery in southern desert

              MENAMay 07, 2026
              Ships are seen in the Strait of Hormuz from Musandam in Oman. Reuters

              Oil prices plunge on reports US and Iran nearing peace deal

              MarketsMay 06, 2026
              Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and Adnoc managing director and group chief executive, at the Make it in the Emirates conference in Abu Dhabi on Monday. AFP
              Play01:37

              Adnoc launches industrial resilience programme to support supply chains

              BusinessMay 05, 2026
              For much of its history, Opec worked because its members moved in broadly the same direction. Bloomberg

              Can Opec survive the UAE's exit?

              CommentMay 04, 2026
              At this moment, Opec should be encouraging everyone who can to produce at maximum. Getty Images

              Opec’s future in question as the UAE builds its own energy system

              EnergyMay 03, 2026
              Producers are balancing supply policy with lingering output constraints from the Iran war. Reuters

              Opec producers agree to raise output from June

              EnergyMay 03, 2026
              Omar Al Nuaimi, Adnoc's acting chief commercial and ICV officer, speaks at Make it With Adnoc on Sunday. Ahmed Ramzan / The National
              Play01:37

              Abu Dhabi's Adnoc bets $55bn on local supply chains

              EnergyMay 03, 2026
              A worker adjusts a valve on a pipeline at Majnoon oilfield, near Basra, Iraq. The country is seeking to step up its oil exports. Reuters

              Iraq starts work on Basra-Haditha pipeline for crude oil exports

              EnergyMay 01, 2026
              Dana Gas chief executive Richard Hall says the company is encouraged by its progress in Egypt, both operationally and in collections Photo: Cadeau

              UAE's Dana Gas receives $20m from Egypt to settle outstanding payments

              EnergyMay 01, 2026
              Opec no longer controls the market it still claims to manage. Reuters

              Opec's days of manipulating the market are over

              CommentApril 30, 2026
              Read more
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