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05.09.26 - 01:33
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Asian Oil Buying Spree Sends Dubai Crude Toward $100 (ZeroHedge)
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Asian Oil Buying Spree Sends Dubai Crude Toward $100
Authored by Irina Slav via OilPrice.com,
Stronger appetite for Middle Eastern crude grades from China and India has added upward pressure on prices for these grades, pushing the Dubai futures close to $100 per barrel, Bloomberg reported today, citing unnamed traders.
Demand for Middle Eastern oil is especially strong from refining majors such as Indian Oil Corp. and PetroChina, as well as refiners in South Korea and Japan, the report said. This is despite the latest escalation between the United States and Iran, with Saudi Arabia's oil exports dropping to the lowest since 2017, according to data from ship-trackers including Kpler and Vortexa.
A further price rally may well be on the table as some cargoes face delays from August to September and October, Bloomberg also noted. At the time of writing, Murban futures, the UAE benchmark, was trading at $106.10 per barrel, and DME Oman, the Middle East sour crude benchmark for Asia, was trading a...
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04.09.26 - 07:18
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Slim: Saudi, UAE Investment May Top 2025 Levels (Bloomberg)
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Carla Slim, Chief Economist for the Middle East and Pakistan at Standard Chartered Bank, says investment is helping Saudi Arabia and the UAE recover from the economic impact of the U.S.-Iran conflict, with some indicators already back near pre-conflict levels. She says actual investment is rising and planned investment announced for 2026 is already comparable with the full-year 2025 level, while prolonged high energy prices could keep inflation elevated. Slim speaks with Abeer Abu Omar on Horizons Middle East and Africa. (Source: Bloomberg)...
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04.09.26 - 06:24
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Macron′s Gulf Push Straddles Divide Between Riyadh and Abu Dhabi (Bloomberg)
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Crown Prince Mohammed bin Salman's recent trip to Paris showed glimpses of the depth of the French-Saudi relationship. He was spotted with Emmanuel Macron at the Esports World Cup, which was moved out of Riyadh due to the Iran war, and the two unveiled deals spanning everything from technology and defense to a €6 billion theme park....
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03.09.26 - 16:06
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Iran Unleashes Fresh Attack Waves On Kuwait, UAE As Trump Signals De-escalation Ahead Of Midterms (ZeroHedge)
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Iran Unleashes Fresh Attack Waves On Kuwait, UAE As Trump Signals De-escalation Ahead Of Midterms
Iran's retaliatory attacks on US bases and the regional countries hosting them actually continued overnight into Thursday, despite CENTCOM having on Wednesday announced the cessation of the US bombing operation.
This week's round of US attacks saw six Iranian navy personnel killed, Tasnim is reporting, with Iran's Health Ministry stating that 18 Iranians were killed and over 140 wounded since August 30. The ministry also indicates most of the casualties were women and children, especially due to the reported US bombing of a wedding in the coastal town of Kuhestak along the Strait of Hormuz in southern Iran.
Getty Images/People Magazine
Many of the victims' funerals have commenced on Thursday, regional media reports. The NY Times and other Western media have been seeking to verify details amid ongoing investigations. "Dozens of guests, according to a witness and accounts in local news m...
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