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27.03.26 - 22:42
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Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes (ZeroHedge)
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Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes
Submitted by Michael Kern of OilPrice.com
Asian refiners have started pricing their orders for U.S. crude oil against the ICE Brent benchmark instead of the typical pricing on Dubai crude, as the Middle Eastern benchmark has seen wild fluctuations amid choked physical supply from the Persian Gulf.
Dubai crude prices soared last week to an all-time high of $169.75 per barrel, and were around $130 a barrel early on Friday.
These highly volatile prices and the uncertainty about supply from the Middle East have prompted refiners in Asia to seek pricing against Brent, instead of the Dubai benchmark which has traditionally been the marker dictating the price of imports into the world's top crude-importing region.
Some Japanese refiners have already bought U.S. crude cargoes for delivery in July priced against ICE Brent, sources at trading and refining firms told Reuters on Friday. Taiyo Oil, for example, has purchased 2 million b...
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27.03.26 - 17:51
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UAE Pushes For Hormuz Security Force, While Turkey Argues Against Gulf Entry Into War (ZeroHedge)
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UAE Pushes For Hormuz Security Force, While Turkey Argues Against Gulf Entry Into War
It's one of those things that sounds nice on paper, but when missiles and drones are inbound, no one is going to want to be on a military ship sitting in the middle of the Strait of Hormuz: the United Arab Emirates, which has been among the hardest-impacted Gulf states in Iran's ongoing retaliation, is pressing for a multinational maritime taskforce to reopen vital oil transit waterway, the Financial Times reports Friday.
The UAE, with a navy that's not really going to strike fear into any enemy (much less the Iranians), says it is willing to participate in a "Hormuz Security Force" to defend the strait and escort shipping. Dozens of countries are being asked to join, sources cited in FT say.
Source: Abu Dhabi Ship Building Company
And yet for all the public posturing and signing of 'symbolic statements' - not a single country with a strong military has actually stepped up with a conc...
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26.03.26 - 09:54
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UAE car insurance explained: Which one is better? Does it cover flood damage (Times of India)
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UAE car owners face a crucial choice: mandatory third-party insurance or optional comprehensive cover. While third-party is cheaper, it leaves your own vehicle and medical costs exposed. Comprehensive offers full protection against damage, theft, and weather, becoming increasingly vital due to rising repair expenses and extreme weather risks. Consider your vehicle's value and your risk tolerance....
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26.03.26 - 09:21
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Zwei Tote in Abu Dhabi durch herabfallende Raketenteile (DPA-AFX)
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ABU DHABI (dpa-AFX) - In der emiratischen Hauptstadt Abu Dhabi sind zwei Menschen durch herabfallende Trümmerteile einer Rakete getötet worden. Wie das Medienbüro der Stadt mitteilte, wurde eine ballistische Rakete durch das Luftabwehrsystem abgefangen. ......
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25.03.26 - 11:48
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UAE remote work policy amid rains and storm: Private sector weather guidelines explained (Times of India)
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Unstable weather in the UAE prompts questions about mandatory remote work for private sector employees. While not automatically mandated, authorities strongly encourage companies to prioritise worker safety, offering flexibility like remote or hybrid options. Employers must ensure safe conditions, with a focus on protecting outdoor workers, reflecting a balance between business continuity and employee wellbeing....
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