The United Arab Emirates (UAE) is considering significant changes to its plans to build a massive 5-gigawatt AI data center in Abu Dhabi in partnership with U.S. tech giants, after Iran started targeting American air bases and U.S.-linked critical infrastructure in the Persian…
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Abu Dhabi National Oil Company (ADNOC) has just issued its ninth spot tender offering crude oil to buyers for October and November loadings, as the United Arab Emirates (UAE) continues to push its oil production and exports higher despite the Hormuz crisis. The UAE’s national…
The United Arab Emirates (UAE) is halting all trade, financial, and commercial ties with Iran until further notice, after saying Tehran had fired ballistic missiles targeting its territory. Late on Tuesday, the UAE’s Defense Ministry said that “assessments revealed the two…
The war in the Middle East has diminished the negotiating power that key regional LNG exporters Qatar and the United Arab Emirates (UAE) have enjoyed for years. Importers of LNG from Europe to Asia plan to negotiate better terms in future long-term deals and ask for lower prices…
The United Arab Emirates (UAE) produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever, according to estimates by the International Energy Agency. The UAE’s crude oil production jumped from 3.3 million bpd in May to 4.1 million bpd in June after…
Indian refiners have secured crude supply at least through August as they boost purchases from the United Arab Emirates (UAE), Africa, and Brazil, trade sources told Reuters on Thursday. India's state-run refiners have been lifting growing volumes of both crude and liquefied…
As the Strait of Hormuz has now been closed for nearly nine weeks, the oil hub at Fujairah in the United Arab Emirates (UAE) has become an even more prominent oil export and bunkering hub than it has ever been. Thanks to its strategic position on the east coast of the UAE and…
The United Arab Emirates (UAE) is quitting oil cartel Opec after nearly 60 years of membership.
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