#prices

OPEC+ keeps output steady amid uncertainty

OPEC+ keeps output steady amid uncertainty

Oil prices have had a rocky start to 2023, with a rally in mid-January fading away by the end of the month

UAE increases fuel prices for February 2023

UAE increases fuel prices for February 2023

Prices were increased by up to 10 per cent

UAE reduces fuel prices for December 2022

The price of Super 98 has been reduced to Dhs3.30 per litre

UAE raises fuel prices for November 2022

The price of Super 98 has been increased to Dhs3.32 per litre

UAE reduces fuel prices for October 2022

The price of Super 98 has been reduced to Dhs3.03 per litre

Saudi Arabia

Saudi Arabia’s oil exports surged to a fresh high in June

The country’s top trading partner during June was China with exports reaching SAR21bn riyals

Saudi Arabia raises oil prices for Asia with demand holding up

Saudi Arabia sends more than 60 per cent of its crude exports to Asia

Oil

Oil holds above $110 as tight supply balanced by recession risk

Oil has started the third quarter in strong form after dropping in June

Petrol prices

UAE raises fuel prices for July 2022

The price of Super 98 has risen to Dhs4.63 per litre

electric car

Inflation turns EVs into luxury items, threatening broader electric shift

An electric car now costs $61,000 on average

Oil

Oil set for weekly loss as traders weigh monetary tightening

Oil is still up more than 50 per cent this year after rebounding demand combined with upended trade flows

Saudi Arabia

Saudi raises oil prices amid Asia rebound

Saudi Arabia sends more than 60 per cent of its crude exports to Asia, with China, Japan, South Korea and India being the biggest buyers

Oil declines as OPEC+ decision on production takes center stage

OPEC+ ministers say pumping more oil won’t ease gasoline prices

Soaring demand ahead of the peak US driving season is sending refining margins to extraordinary heights

Saudi Arabia

Saudi cuts oil prices from record highs amid China lockdowns

Saudi Arabia sends more than 60 per cent of its crude exports to Asia

Wheat soars to record, surpassing high during global food crisis

The elevated prices are triggering concerns about growing food insecurity

Brent oil hits $100 a barrel for the first time since 2014

Russia is a key supplier of energy to global customers

OPEC sees upside potential for oil demand as economy rebounds

OPEC and its partners are trying to gradually restart production halted during the pandemic

UAE reduces fuel price in August

UAE raises fuel prices for February 2022

The price of Super 98 is set to increase to Dhs2.94 next month

Oil gains on outlook for rising demand as Omicron wave fades

Crude has enjoyed a robust start to the new year, with prices soaring to the highest since 2014 last week

Bitcoin climbs after inflation jump revives hedging argument

The largest cryptocurrency by market value rose as much as 3.1 per cent to $44,001 on Wednesday

Dubai, UAE Burj Khalifa

Prices at world’s tallest tower jump as Dubai home sales boom

Business activity in Dubai rebounded sharply last year alongside a jump in tourism

How Dubai’s commercial property market is at an inflection point

Demand is starting to outstrip supply within the emirate’s commercial property space

Saudi Arabia raises oil prices for Asian and US customers

Oil slid for a sixth straight week due to the spread of Omicron and the prospect of more barrels coming to the market

UAE reduces fuel prices for December 2021

The price of Super 98 has been eased to Dhs2.77

Petrol prices

UAE lowers fuel prices for September 2021

Price for diesel was reduced to Dhs2.38 per litre from Dhs2.45 in August

Dubai home sales hit eight-year high, boosting prices

Average home prices rose 2.8 per cent in the six months to June

UAE reduces fuel price in August

Lebanese brace for higher fuel prices as government cuts subsidy

The fuel crisis has exacerbated power blackouts and resulted in miles-long lines at gasoline stations

IEA cuts oil demand outlook for rest of 2021 due to Covid-19

Oil prices have retreated 6 per cent this month as the contagious delta variant triggers renewed lockdowns in China and other key Asian consumers

Gold holds biggest gain in three months

The global economic recovery has piled pressure on bullion this year

Expo 2020 Dubai: Tickets now on sale

Fifty winners will be picked from UAE residents who purchase a season pass or family package for a chance to view the opening ceremony