UAE

At the heart of the plan is a major expansion of the eastern ports of Dibba, Fujairah and Khor Fakkan

The decision can have a major impact on the organisation’s control over supplies when oil flows normalise

The drone attacks and rhetoric from the US and Iran raised concerns of an escalation in the conflict

Not just energy flows, but business confidence also needs to return – and that will take time

Dubai Holding acquires a 22.27% stake in the city’s biggest developer from the Investment Corporation of Dubai

The economic logic of the decision is just as important as the political one

May-loading shipments have attracted a premium to official selling prices, which are set significantly higher than April

Cartel crack-up reflects growing friction and regional rivalry between the Saudis and the Emiratis

The increase is similar to last month’s hike of 206,000 bpd