Wednesday 29 July 2015
 
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gasoline

UAE shifts fuel prices as the Gulf watches

The United Arab Emirates has become the first Gulf state to take a major step towards taming the gas-guzzling habits of its drivers, who see cheap fuel as part of their birthright. The UAE said it would raise domestic prices for g

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UAE to raise gasoline price 24pc to 58 cents

The United Arab Emirates said it would raise domestic prices for gasoline and cut them for diesel in a politically sensitive reform designed to save the government money and encourage motorists to use fuel more efficiently. The pr

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UAE to raise gasoline price by 24pc, diesel down 29pc

The United Arab Emirates said it would raise domestic prices for gasoline and cut them for diesel in a politically sensitive reform designed to save the government money and encourage motorists to use fuel more efficiently. The pr

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Nigeria to produce at least 20pc of its gasoline needs

Major crude oil producer Nigeria aims to overcome its chaotic and crumbling refining sector to produce at least a fraction of the gasoline it needs to use itself. Its state oil company hopes that domestic plants can cover 20 perce

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Oil rises on gasoline demand, economic data

Crude oil rose more than $1 to above $58 on Thursday as supportive economic data from Germany and gasoline demand lifted prices. Brent crude oil is still down about 8 per cent this month, however, thanks to worries about the Greek

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Oil dip on US gasoline build checked by weak dollar

Oil prices slipped on Thursday after US government data showed that gasoline stocks and distillate inventories rose last week, although the falls were checked by continuing Middle East geopolitical tensions and a weaker US dollar.

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ME oil powers Saudi, UAE to cut gasoline imports

Middle Eastern oil producers Saudi Arabia and the UAE will sharply cut or even halt costly gasoline imports next year after ramping up new refining capacities that put them a step closer to becoming exporters of the motor fuel. Th

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ME oil powers Saudi, UAE to cut gasoline imports

Middle Eastern oil producers Saudi Arabia and the UAE will sharply cut or even halt costly gasoline imports next year after ramping up new refining capacities that put them a step closer to becoming exporters of the motor fuel. Th

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US producer prices post largest gain since 2012

US producer prices in May recorded their biggest increase in more than 2-1/2 years as the cost of gasoline and food rose, suggesting that an oil-driven downward drift in prices was nearing an end. The stabilisation in producer pri

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Adnoc seeks 240,000 tonnes gasoline for delivery in July

Abu Dhabi National Oil Co (Adnoc) is seeking 240,000 tonnes of gasoline for delivery in July, adding to an earlier tender seeking cargoes for June, a tender document showed on Friday. This is expected to further boost Asian gasoli

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