ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced its intention to move further downstream, as the company pivots to take full advantage of the rising demand for higher value refined and petrochemical products, particularly in the growth economies of China and Asia. Speaking at CERAWeek, a leading gathering of the energy industry, Dr. Sultan ...

TOKYO / WAM The growth on non-oil trade between the UAE and Japan to AED53.5 billion, or $14.6 billion, is a tangible proof of the privileged relations established by the two nations across the past decades, according to Sultan bin Saeed Al Mansouri, Minister of Economy. The minister made the remarks during UAE-Japan Strategic Business Forum, in presence of Japan’s ...

FUJAIRAH / WAM Total oil product stocks in the Port of Fujairah were 16.712 million barrels, up 4.6 percent on the week, after heavy distillates rebounded from last week’s record lows, according to latest data from the Fujairah Energy Data Committee, or FEDCom. Stocks of heavy distillates and residues jumped 34.3 percent on the week to 6.5 million barrels. This ...