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Energy, trade top agenda in UAE-Vietnam leaders’ call
The president pledged the UAE’s readiness to support Vietnam’s immediate and long-term energy needs
Drone strike halts operations temporarily at Adnoc’s Al Ruwais refinery
The refinery is the UAE’s largest, with a processing capacity of over 900k bbl / d of oil
THIS MORNING: More force majeure declared + G7, IEA eye emergency oil taps
PLUS: DIFC just delivered more space
A more nuanced look into the impact of the Strait of Hormuz’s closure on the GCC
Hormuz typically accounts for around 25% of global seaborne oil trade and some 20% of global LNG trade
Mubadala-owned firm set to begin construction on Southern Europe’s largest green hydrogen plant
The plant is earmarked for hard-to-abate sectors and is set to offset some 250k tons of CO2 annually
THIS MORNING: School’s still out + Markets open today for the first time since the war hit
Plus: First signs of supply chain distress hit China-Gulf corridor for sulfur
THIS MORNING: JPMorgan trims Gulf growth forecast + Adnoc shelves dim sum issuance amid regional conflict
Plus: Expect a volatile market open tomorrow, pundits say
Exus buys into Masdar’s Portugal wind portfolio
The energy group has agreed to acquire 60% of a portfolio of nine wind farms in northern and central Portugal
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