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Oil

Latest news about the key commodity driving global economies, markets and energy policies

Refuelling at a petrol station in Peshawar, Pakistan. EPA

Crude heads for 5% weekly gain as US-Iran fighting continues

EnergySeptember 04, 2026
Venezuela's interim President Delcy Rodriguez during the signing of an oil agreement with US Energy Secretary Chris Wright, at the presidential Palace in Caracas. AFP

US $100bn Venezuela oil bet faces years-long wait

EnergySeptember 04, 2026
The National

Shadi's take on the US-Venezuela oil deal

CartoonSeptember 04, 2026
Urban households in Iran faced prices that were 84.4 per cent higher in August than a year ago. AFP

Guns or groceries? Iran regime spending crunch hits daily life

GulfSeptember 03, 2026
Smoke rises from an oil refinery following a Ukrainian drone attack, in Moscow, in June. Reuters

Global refining crunch to keep fuel prices high into 2027

EnergySeptember 03, 2026
The Ministry of Foreign Affairs said Iran's attacks were 'a flagrant violation of the sovereignty of brotherly nations'. Chris Whiteoak / The National

UAE condemns Iran's 'hostile attacks' across region

GulfSeptember 02, 2026
US sailors conduct night flight operations aboard USS George Washington (CVN 73) as the ship sails in regional waters supporting operations in the Middle East. Photo: Centcom

What we know: US and Iran exchange fire for the first time in a month

GulfAugust 31, 2026
Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela. Reuters

US claim on Venezuelan oil reserves is a red cape to a bull

EnergyAugust 31, 2026
US Sailors conduct night flight operations aboard USS George Washington (CVN 73) as the ship sails in regional waters supporting operations in the Middle East. Photo: Centcom

Jordan intercepts Iranian missiles after US strikes Larak Island

MENAAugust 30, 2026
An oil tanker sails off the coast of Maracaibo, Venezuela, on August 29. EPA

Trump says Venezuelan oil will refill depleted US petroleum reserve

USAugust 30, 2026
Taq Taq oilfield near Erbil. Some oil and gas companies operating in Iraq's semi-autonomous Kurdistan region had stopped production due to drone attacks. Reuters

Iraqi Kurdistan resumes oil production of up to 230,000 bpd after drone attacks

EnergyAugust 30, 2026
An image of Iran's supreme leader, Mojtaba Khamenei, is seen at Valiasr Square, central Tehran. AFP

Iran's Khamenei calls for unity as economic pressures bite

GulfAugust 30, 2026
Oil prices hit their highest level in late April, surging by about two thirds. Reuters

Oil prices swing between war risk and diplomacy after six months of Iran standoff

EnergyAugust 28, 2026
Traffic through the Strait of Hormuz has fallen from an average of 88 ships a day before the war to around 16 a day, according to Kpler. Reuters

Six months of war leaves Gulf oil trapped between two chokepoints

EnergyAugust 28, 2026
(L-R) Alia Matar Aldaheri, Maryam Adil Alawani, Hour Saif Alblooshi and Mariam Hamdan Alkaabi, Safety Leader's at ADNOC during Adnoc’s Emirati Womens Day event held at the Abu Dhabi Energy Center. Victor Besa / The National
Play02:12

Adnoc Academy launches major drive to develop Emirati women engineers

UAEAugust 27, 2026
Iran's Parliament Speaker Mohammad Bagher Ghalibaf, left, and Hossein Shariatmadari, editor-in-chief of the Kayhan newspaper. AFP / Getty Images

Iran's Ghalibaf accused of going soft by hardliners in clash over next move

GulfAugust 27, 2026
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