{"id":117708,"date":"2026-06-01T00:00:00","date_gmt":"2026-06-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=117708"},"modified":"2026-06-01T02:51:28","modified_gmt":"2026-06-01T02:51:28","slug":"this-morning-fuel-prices-are-up-again-some-hope-for-adxs-ipo-pipeline","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/06\/01\/this-morning-fuel-prices-are-up-again-some-hope-for-adxs-ipo-pipeline\/","title":{"rendered":"THIS MORNING: Fuel prices are up again + Some hope for ADX\u2019s IPO pipeline?"},"content":{"rendered":"

Good morning and welcome back, everyone, from a long and much-deserved Eid break. <\/strong>In case you haven\u2019t been tuned in to the latest from the war, we have the latest updates on the on-again-off-again talks below. Other than that, we come bearing analysis of a slew of macro data released over the Eid break. <\/p>\n

Bad news first: <\/strong>The uneasy standoff between the US and Iran has not yielded an agreement yet, and it\u2019s anybody\u2019s guess whether the fighting will continue at this point.<\/p>\n

The war\u2019s impact has already filtered through to prices in Dubai<\/strong>, which rose by the steepest rate in several years in March and April. <\/p>\n

<\/a> But the good news is: <\/strong>Despite the lack of clarity around the situation in the Strait of Hormuz \u2014 and several skirmishes in the Strait over the Eid break \u2014 it appears the new normal is now that ships are sailing through at their own risk, mostly by going dark. That\u2019s how another Adnoc LNG tanker \u2014 the Umm Al Ashtan \u2014 transited the Strait earlier in the month, before reappearing off of Oman carrying LNG bound, Bloomberg<\/a> reports. Adnoc has also exported three other LNG shipments from the Gulf on tankers that went dark while crossing Hormuz, the latest of which has since docked in western India.<\/p>\n

Still far from normal:<\/strong> The transit adds to a small batch of recent energy shipments through Hormuz \u2014 including at least two non-Iranian oil supertankers that exited the Gulf. However, LNG flows remain far below normal. Before the war, around three LNG tankers transited the strait each day, mostly carrying Qatari cargoes.<\/p>\n

In other good news \u2014 the UAE released 2025 GDP data, and the numbers speak of a solid growth story for the non-oil sector <\/strong>\u2014 very welcome news as oil price volatility and supply chain disruptions make it so that oil-dependent economies are a lot more exposed. <\/p>\n

ALSO- Abu Dhabi investors are staying active on the global front<\/strong>, with MGX pouring more funds into Claude maker Anthropic, and Mubadala capitalizing on an AI stock rally by selling shares in GlobalFoundries. <\/p>\n

PSAs<\/p>\n

It\u2019s the start of a new month<\/strong>, and that means changes to fuel prices, and a whole host of new regulations and laws coming into effect. <\/p>\n

<\/a> <\/p>\n

<\/a> #1- The <\/strong>UAE<\/strong> Fuel Price Committee<\/strong> raised prices<\/strong> once again for most fuels<\/strong>, though diesel saw a dip to partially offset April\u2019s massive 72.4% raise<\/a>, according to a post on X<\/a>.<\/p>\n

Here\u2019s the breakdown per liter:<\/strong><\/p>\n