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    Oil prices rise on prospective US fuel demand

    Oil prices rise on prospective US fuel demand

    12 Apr 2021

    Gulf Today Report  Oil prices surged on Monday on the likelihood of fuel demand increasing in the US as consumers prepare for summer driving season and COVID-19 vaccination roll...

    Oil prices fall following a spike in US gasoline inventories

    Oil prices fall following a spike in US gasoline inventories

    08 Apr 2021

    Gulf Today Report  Oil prices slipped on Thursday following an increase in US gasoline stocks, causing concerns about demand. Brent crude eased 36 cents, or 0.6%, to $62.80 a...

    Oil prices surge on prospect of a strong economy, US stockpile decline

    Oil prices surge on prospect of a strong economy, US stockpile decline

    07 Apr 2021

    Gulf Today Report  Oil prices jumped on Wednesday on hope for stronger global economic growth as crude inventories in the United States fell and increased COVID-19 vaccinations. Brent crude...

    Oil prices gain on strong economic data

    Oil prices gain on strong economic data

    06 Apr 2021

    Gulf Today Report  Oil prices surged on Tuesday following robust economic data from the United States and prospects of good recovery in China. Brent crude futures rose 38 cents,...

    DME introduces Alternative Crude Ecosystem

    DME introduces Alternative Crude Ecosystem

    05 Apr 2021

    Dubai Mercantile Exchange (DME), on Monday announced the launch of Alternative Crude Ecosystem (ACE) - a new bilateral trading platform to enable participants to trade multiple crude grades through the...

    Oil prices slip after gains led by OPEC+ move

    Oil prices slip after gains led by OPEC+ move

    05 Apr 2021

    Gulf Today Report  Oil prices fell on Monday, overshadowing strong gains that were recorded due to the OPEC+ decision to reduce some of its productions cuts between May and...

    Murban crude oil is powering progress in UAE

    Murban crude oil is powering progress in UAE

    01 Apr 2021

    Every day, motorists across the length and breadth of the UAE fill their vehicles with fuel, and protect their engines with lubricants, supplied by Adnoc  Distribution, the UAE’s largest fuel...

    Oil prices up as Opec+ meets to decide on production policy

    Oil prices up as Opec+ meets to decide on production policy

    01 Apr 2021

    Oil prices rose on Thursday on optimism about U.S and European economic recoveries and expectations OPEC and its allies will keep production curbs in place. Brent crude rose $1.02, or...

    Oil prices rise on OPEC+ output cut expectations

    Oil prices rise on OPEC+ output cut expectations

    31 Mar 2021

    Gulf Today Report  Oil prices gained on Wednesday as investors focus on OPEC+ meeting set for tomorrow in which producers would largely extend their supply curbs to May. Brent...

    World’s first Murban Futures contract commences trading

    World’s first Murban Futures contract commences trading

    30 Mar 2021

    The Abu Dhabi National Oil Company (Adnoc) and Intercontinental Exchange (ICE) on Monday, officially celebrated the start of trading of the United Arab Emirate’s (UAE) flagship crude oil, Murban, as...

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