Saudi crude official selling prices are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices
Commodities
Latest in Commodities
Donald Trump
Trump’s EU tariff extension pushes gold prices down
Spot gold was down 0.3% at $3,346.55 an ounce, while US gold futures fell 0.6% to $3,345.80
diamond
Over 1bn carats of diamonds traded through Dubai in past 5 years
Dubai saw almost 179m carats of diamonds traded in 2024
crude oil price
Oil prices climb as US-China trade progress eases demand concerns
Oil prices rose Monday after positive US-China trade talks boosted market sentiment
China
Gold drops on trade war truce hopes, dollar strength
Traders are also eyeing the release of the US Consumer Price Index on Tuesday for fresh signals on the Fed’s monetary policy trajectory
Oil price
Oil prices plunge over $2 as OPEC+ accelerates output hikes
Brent crude futures dropped 3.61 per cent, to $59.08 a barrel, while US West Texas Intermediate crude was at $56.00 a barrel, down by 3.93 per cent
Bullion Market
Gold prices cross $3,100 as US tariff uncertainty propel safe-haven flows
Gold prices have hit multiple record highs, gaining more than 18 per cent so far this year
crude oil price
Oil price up 1% as US vows to continue attacking Houthis
Oil prices rose slightly last week, snapping a three-week losing streak fed by concern over a global economic slowdown driven by escalating trade tension between the US and other nations
Gold
UAE gold prices: Is it the right time to invest? Experts weigh in
Should UAE investors buy gold amid record prices and market fluctuations? Here’s what experts told Arabian Business
Dubai
UAE’s Spring Valley to build $50mn agro-commodity hub at JAFZA, targeting regional food security
The facility will operate with 100 per cent sustainable and carbon-neutral processing, featuring a solar power plant in line with Dubai’s renewable energy goals
crude oil
GCC crude oil production in 2023 soars to 17mbpd, says report
Additionally, the bloc ranked second worldwide in natural gas exports and third in marketed natural gas production
DMCC
Dubai gold rush forecast as UAE looks to grow $129bn trade flow
Dubai and the UAE are of global significance to changing global precious metal markets
Gold
Hubpay ventures into precious metals, linking UAE businesses with key gold markets
The firm said the move follows it recognizing the growing demand for reliable precious metals trading, particularly in Africa
crude oil
Oil prices hold ground after falling on China stimulus
Analysts said the market awaits further price direction from OPEC’s monthly report, to be released later on Tuesday, before charting the next course
agribusiness
Dubai-based Invictus Investment enters new markets with new products
The Netherlands, Jordan, Burkina Faso, and Senegal added to its global operations in 54 countries
Oil price
Oil prices fall as weak global demand overtakes concerns on Middle East tension
US crude and Brent crude, the international benchmark, tumbled 6 percent Monday, with the US crude falling well below $70 per barrel
crude oil
Crude oil edges up Friday, but could be headed for biggest weekly loss in over a month
Brent crude futures rose 16 cents, or 0.2%, to $74.61 a barrel, while US West Texas Intermediate crude was at $70.84 a barrel, up 17 cents