UAE sends 30 tonnes of food aid to support drought-affected communities in Kenya
UAE provides urgent relief to support flood-affected communities in Mozambique
UAE signs cooperation agreement with UN World Food Programme to support humanitarian efforts in sudan
UAE reopens Sheikh Zayed Child Care Complex in Istanbul following comprehensive redevelopment
Oil Prices Edge Lower on Supply Glut ConcernsWashington, 5 Jan 2026 (ONA) — Oil prices were moving lower today after
oil-producing countries in the OPEC+ group decided on the weekend to
keep output unchanged through the first three months of the year.
Concerns over sluggish demand in China, a stronger dollar and the
prospect of a production revival in Venezuela also weighed on prices.
Benchmark Brent crude futures fell over 1% to $60.13 a barrel, while
WTI crude futures were down 1% at $56.73.
OPEC+ agreed to maintain stable oil production at its meeting on
Sunday, despite falling oil prices on fears of oversupply.
The eight countries – Saudi Arabia, Russia, UAE, Kazakhstan, Kuwait,
Iraq, Algeria, and Oman – had previously raised their production
targets by 2.9 million barrels per day from April to December 2025,
which is almost 3% of global oil demand.
— Ends/Khalid
