Saudi Aramco is offering crude oil outside the Strait of Hormuz to some Asian refiners through private negotiations, a Reuters News report said quoting two sources with knowledge of the matter.
Oil prices rose for a third consecutive session on Tuesday as hopes for a deal to end the Middle East conflict faded, raising concerns that disruptions to energy supplies could persist, particularly with no clear timeline for the reopening of the Strait of Hormuz.
The Dubai International Financial Centre (DIFC) Courts received 243 opt-in cases in the first half of 2026, representing 30% of the 810 cases filed across all divisions.
Schneider Electric will bring together energy, technology and industry leaders in Abu Dhabi next month for the second edition of its Innovation Summit Middle East & Africa, as the region looks to strengthen energy systems to support the rapid growth of artificial intelligence, cloud computing and digital infrastructure.
Indian engineering and construction conglomerate Larsen and Toubro said its subsidiary L&T Energy Hydrocarbon Offshore has secured an ultra-mega order, valued at over Rs150 billion ($1.57 billion) - from a major client in the Middle East for the development of multiple offshore facilities.
Abu Dhabi Future Energy Company (Masdar) and ScottishPower Renewables have completed a major construction milestone at the £4 billion ($5.4 billion) East Anglia THREE offshore wind farm, with all 95 foundations now installed off the Suffolk coast.
John Crane, a global leader in flow-control technologies and an innovator in solutions for rotating equipment, and a business of Smiths Group, has renewed a long-term agreement to improve equipment reliability at a major refinery in Bahrain.
Emirates NBD, a leading banking group in the Middle East, North Africa, Türkiye and South Asia (MENATSA) region, has marked a significant milestone in its sustainable finance journey by pioneering the UAE’s first dedicated Transition Finance Framework to support corporate and institutional customers in their transformation to more sustainable business models.
Shipping through the Strait of Hormuz slowed to a near standstill over the weekend following attacks on tankers, underscoring the growing risks to one of the world's most important energy routes, even as oil prices remained relatively steady amid the lack of progress in US-Iran peace talks.
Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has won a key contract worth $1.8 billion to provide engineering, procurement, construction and installation (EPCI) services for an offshore project in the Middle East.
