Abu Dhabi National Oil Company (Adnoc) is embarking on a transformative journey to solidify its position as a global leader in energy trading. The company’s trading division is set to increase its handling of oil and refined products by nearly two-thirds in the coming years, marking a pivotal phase in its growth trajectory. This ambitious expansion is part of a broader strategy to enhance the UAE’s role in global energy markets and maximize value creation across the energy supply chain. Since its inception in 2018, Adnoc Global Trading has rapidly expanded its footprint, establishing offices in Singapore and Geneva, with plans to open a new hub in Houston by 2027. This global presence enables Adnoc to capture greater value from its production and respond effectively to shifting market dynamics. Adnoc’s trading operations are divided into two complementary arms: Adnoc Trading, focused on crude oil, and Adnoc Global Trading (AGT), a joint venture with Eni and OMV, specializing in refined products like diesel, jet fuel, and gasoline. This dual structure allows the company to operate across the entire value chain, from upstream production to downstream sales, enhancing profitability and flexibility. Market analysts highlight the strategic timing of this expansion, as global energy markets undergo significant transformation due to volatile prices, evolving trade flows, and the energy transition. By scaling its trading operations, Adnoc aims to hedge against price fluctuations and capture downstream value traditionally earned by intermediaries. The planned 60–70% increase in trading volumes will position Adnoc among the elite national oil company traders, such as Saudi Aramco Trading, Equinor, and Shell. The addition of a Houston office is particularly strategic, given the US Gulf Coast’s prominence as a global energy trading and refining hub. This move will provide Adnoc with access to critical market intelligence and trading opportunities in North and Latin America. Adnoc’s expansion aligns with its broader efforts to diversify its energy portfolio, invest in low-carbon solutions, and strengthen partnerships with global energy majors. The company is also transforming its Ruwais Industrial Complex into a world-class refining and chemicals hub, while listing subsidiaries on the Abu Dhabi Securities Exchange to attract foreign investment. Industry experts view Adnoc’s trading expansion as a logical step in its evolution, enabling the UAE to reinforce its status as a global energy hub. As Adnoc scales its operations and embeds itself in key global markets, it is redefining the role of a 21st-century oil producer — agile, globally connected, and commercially driven.
标签： Asia
亚洲
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Harshita was murdered a year ago – so why has her killer not been caught, family ask
A year has passed since the brutal murder of Harshita Brella, a 24-year-old Indian woman, whose body was discovered in the boot of a car in Ilford, east London, on November 14, 2024. The tragedy has left her family in Delhi grappling with grief and frustration over the lack of justice. Harshita’s husband, Pankaj Lamba, is the prime suspect in her murder. He fled to India shortly after the crime and remains at large, despite being charged with murder, rape, sexual assault, and coercive behavior by Northamptonshire Police in March 2025. The couple, both Indian nationals, had relocated from Delhi to Corby, UK, earlier that year. Harshita’s family accuses both UK and Indian authorities of failing to take decisive action. Her mother, Sudesh Kumari, tearfully demands justice, stating, ‘Only then will I find peace.’ Harshita’s sister, Sonia Dabas, criticizes the UK police for their perceived negligence, suggesting that foreign nationals are not prioritized. The case has drawn scrutiny over the handling of Harshita’s domestic abuse complaint, filed two months before her death. A Domestic Violence Protection Order (DVPO) issued against Pankaj expired weeks before the murder, raising questions about police follow-up. The Independent Office for Police Conduct (IOPC) has completed its investigation into the Northamptonshire Police’s conduct, with findings shared for review. Meanwhile, Harshita’s family believes Pankaj is being shielded by Indian police, citing his relatives’ connections in law enforcement. The Delhi Police deny these allegations, stating they have issued public notices and are actively searching for Pankaj. Harshita’s father, Satbir Singh Brella, continues to seek justice through relentless visits to police stations and courts. Her mother, Sudesh, clings to her daughter’s belongings, including a pair of shoes, as a poignant reminder of her loss. The case underscores the challenges faced by victims of domestic violence and the complexities of cross-border criminal investigations.
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From Argentina to Meydan: Pereyra’s dream debut lights up historic Dubai Racing Carnival
The 2025–26 Dubai Racing Carnival kicked off in spectacular fashion at Meydan Racecourse, setting the stage for a season of high-stakes racing that will culminate in the 30th Dubai World Cup next March. The opening night was marked by the emergence of Argentine jockey William Pereyra, who made a dream debut with a commanding double, and the continued excellence of champion trainer Musabbeh Al Mheiri, forging a promising new partnership.
Pereyra, a 31-year-old from Argentina’s Formosa Province, showcased his elite skills on his first appearance outside South America. He began his UAE campaign with a dominant 8¾-length victory aboard Shepperton Lodge in the Emirates SkyCargo Handicap, followed by a comfortable three-length win on Cupid’s Dream in the Emirates Airline Handicap. Both victories came under the banner of Al Mheiri’s Oasis Stables, signaling the start of a potentially fruitful alliance.
Al Mheiri, who recently lost star jockey Silvestre De Sousa to Jebel Ali Stables, turned to Pereyra, a seasoned rider with over 1,700 wins and 30 Group 1 victories in Argentina. The decision proved astute, as Pereyra’s calm demeanor and tactical acumen impressed both his trainer and the Meydan crowd. ‘William is a good find,’ Al Mheiri remarked. ‘He’s fitted in quickly with the team, and we have some exciting horses for the season.’
The evening also saw the return of Dark Saffron, last season’s Dubai Golden Shaheen (G1) champion, who delivered a commanding performance in the Emirates Airline Conditions Stakes. Trainer Ahmad bin Harmash and jockey Connor Beasley celebrated a double, with Union Security coasting to victory in the Emirates Courier Express Maiden. Meanwhile, former champion trainer Bhupat Seemar made his mark with Grey Boss, a debut winner in the Arabian Adventures Maiden.
The international flair of the Carnival was evident, with British, Brazilian, and Uruguayan talents gracing the winner’s circle. As the curtain fell on the opening night, the stage was set for a season of unforgettable racing, with Meydan’s 30th World Cup anniversary promising to be a landmark event.
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China’s factory-gate deflation eases in October, consumer prices rise
China’s economic landscape in October 2025 presented a nuanced picture as factory-gate deflation showed signs of easing while consumer prices returned to positive territory. According to data released by the National Bureau of Statistics (NBS), the Producer Price Index (PPI) fell by 2.1% year-on-year, marking a moderation from the 2.3% decline in September. This marks the 37th consecutive month of deflation in producer prices, though the rate of decline has slowed. Meanwhile, the Consumer Price Index (CPI) rose by 0.2% year-on-year, reversing a two-month downward trend and surpassing market expectations of no change. Core inflation, excluding volatile food and energy prices, accelerated to 1.2%, the highest in 20 months. Food prices, however, continued to decline, dropping 2.9% year-on-year. The data suggests that government efforts to manage overcapacity and stabilize supply-demand dynamics are yielding results, but weak domestic demand and geopolitical uncertainties continue to weigh on the economy. Analysts caution that deflationary pressures persist, and further policy measures may be required to stimulate growth. Policymakers have maintained a cautious stance, refraining from aggressive stimulus measures, with the central bank keeping interest rates steady for five months. Despite these challenges, China remains on track to achieve its annual growth target of around 5%.
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At least 2 killed as Super Typhoon Fung-wong nears landfall in Philippines
Super Typhoon Fung-wong has unleashed devastation across the Philippines, claiming at least two lives and prompting the evacuation of over a million residents from vulnerable areas. The typhoon, with sustained winds of 185 kph (115 mph) and gusts reaching 230 kph (140 mph), is expected to make landfall in Aurora province as early as Sunday night. Authorities have issued the highest storm warnings for Luzon, the country’s most populous island, while Metro Manila and surrounding provinces remain under level 3 alerts. The storm has already caused widespread power outages in the Bicol region and forced the closure of several airports, including Bicol International Airport and Sangley in Metro Manila. Tragically, one person drowned in Catanduanes, and a woman was found dead under the debris of a collapsed home in Catbalogan City. Fung-wong, locally named Uwan, is the 21st storm to hit the Philippines this year, exacerbating the strain on disaster response efforts still recovering from Typhoon Kalmaegi, which claimed 224 lives in the Philippines and five in Vietnam. The typhoon is projected to move northwest by Monday, maintaining its intensity before weakening as it approaches the Taiwan Strait on Wednesday. Defense Secretary Gilberto Teodoro has urged residents to comply with evacuation orders, emphasizing the dangers of non-compliance. The military has redirected 2,000 troops to focus on humanitarian aid and disaster response. In Isabela, northern Luzon, families have sought refuge in evacuation centers, with many expressing fear of the storm’s destructive potential. Christopher Sanchez, a 50-year-old evacuee, shared his concerns, recalling past storms that brought floodwaters above human height. Authorities remain hopeful that proactive measures will minimize casualties.
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POWERCHINA hosts Hamdan Bin Zayed School visit to Abu Dhabi
POWERCHINA, in collaboration with Hamdan Bin Zayed School, a flagship institution under the UAE’s “Hundred Schools Project,” recently hosted an educational open day at the Abu Dhabi PV3 Al Ajban 1.5GW Photovoltaic Project (PV3 Project). The event, themed “PV as a Bridge, Jointly Exploring a Green Future,” provided students and teachers with an immersive experience into the world of renewable energy and its role in advancing the UAE’s sustainable development goals.
Joe Helou, Executive Managing Director of the SPV, welcomed the attendees and lauded POWERCHINA for its initiative. He highlighted the PV3 Project as a cornerstone of Abu Dhabi’s clean energy strategy and emphasized the importance of such visits in inspiring young minds to delve into the science and innovation behind renewable energy.
Hong Li, POWERCHINA’s Chief Representative in the UAE, showcased the company’s global and regional projects, underscoring its contributions to sustainable infrastructure and cross-cultural collaboration. Her presentation offered students a comprehensive understanding of POWERCHINA’s achievements in engineering, technological innovation, and social responsibility.
During the solar knowledge session, POWERCHINA’s technical experts elucidated the principles of photovoltaic power generation, the mechanics of solar panels, and the challenges of constructing large-scale solar plants in desert environments. Through engaging videos, interactive discussions, and simplified explanations, students gained valuable insights into the transformation of sunlight into clean electricity.
An interactive Q&A session followed, where students posed questions on topics ranging from the components of solar power plants to energy storage and dust mitigation techniques. Engineers from the PV3 Project shared their experiences, encouraging students to pursue careers in innovation and sustainability.
In his closing remarks, Li Junqi, Vice President of POWERCHINA MENA Regional Headquarters, drew on Chinese proverbs to commend the students’ curiosity and urged them to become ambassadors of friendship and green development between China and the UAE.
The visit concluded with a guided tour of the PV Sandbox area, where participants learned about the plant’s design, construction, and intelligent operation system. Many students expressed that the experience deepened their interest in science and clean technology.
Launched in 2019 through a joint initiative by Chinese President Xi Jinping and UAE President Sheikh Mohamed bin Zayed Al Nahyan, the “Hundred Schools Project” aims to introduce Chinese language education in approximately 100 Emirati public schools. Hamdan Bin Zayed School is a pioneer in this endeavor, offering Chinese courses and serving as a model for educational cooperation.
This event marks a significant milestone in POWERCHINA’s Cross-Cultural Integration Program in the UAE, blending educational engagement with practical exposure to clean energy development. Moving forward, POWERCHINA will continue to foster mutual learning and cooperation in education, technology, and culture, contributing to a greener and more sustainable future under the Belt and Road Initiative.
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Countdown to 15th National Games: On-site warm-up entertains audience
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‘GTA 6’ delayed again: Here’s why Rockstar says it’s worth the wait
Rockstar Games has announced a second delay for the highly anticipated ‘Grand Theft Auto 6’ (GTA 6), pushing the release date to November 19, 2026, six months later than the previously planned May 2026 launch. The decision, while disappointing for millions of eager fans, aligns with the developer’s reputation for meticulous attention to detail and commitment to delivering groundbreaking gaming experiences. The game, first confirmed in development in February 2022, has already generated immense buzz, with its 2023 trailer breaking YouTube records and introducing players to Leonida, a fictional Florida-inspired setting, and the series’ first dual protagonists, Jason and Lucia. Rockstar’s history of redefining gaming standards with titles like ‘GTA V’ and ‘Red Dead Redemption 2’ has set high expectations for ‘GTA 6.’ The delay reflects the increasing complexity of modern open-world game development, with larger teams, higher costs, and extended production cycles. Despite the setback, Rockstar’s financial stability, driven by the continued success of ‘GTA V’ and ‘GTA Online,’ allows the studio to prioritize quality over speed. Fans, though frustrated, remain hopeful that the extra time will result in a game worth the wait.
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Holiday announced for public, private sectors for National Day in Oman
The Sultanate of Oman has officially declared a two-day holiday for both public and private sector employees in celebration of its 55th National Day. The holiday, announced on Sunday, November 9, 2025, will be observed on Wednesday, November 26, and Thursday, November 27. This decision was communicated by Oman’s official news agency, citing a directive from Sultan Haitham bin Tariq. The National Day itself is celebrated on November 20 and 21, with various events and festivities, including the illumination of landmarks with the Omani flag, particularly in the UAE. Under Sultan Haitham bin Tariq’s leadership, Oman has been advancing its ‘Oman Vision 2040’, a strategic roadmap aimed at modernization, economic diversification, and sustainable growth. The holiday serves as a moment for citizens and residents alike to reflect on the nation’s progress and achievements.
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India mega-zoo in spotlight again over animal acquisitions
The Green Zoological Rescue and Rehabilitation Centre, a sprawling facility in Gujarat, India, has once again come under intense scrutiny. Operated by the son of Asia’s wealthiest individual, the zoo has been accused of importing endangered species in potential violation of international conservation laws. The facility, which claims to house 150,000 animals, was recently cleared of wrongdoing by India’s Supreme Court. However, a report from the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) has raised alarms about its practices. The report, published ahead of CITES discussions this month, highlights inconsistencies in the zoo’s import records, particularly concerning Appendix I species—the most critically endangered animals globally. Experts warn that Vantara, as the zoo is informally known, may be inadvertently driving illegal wildlife trade. The report calls for significant reforms to ensure compliance with international regulations. Among the allegations is the acquisition of a Tapanuli orangutan, the world’s most endangered great ape, from the United Arab Emirates. Despite CITES’ prohibition on trading such species, Vantara classified the orangutan as ‘captive-bred,’ a claim disputed by Indonesian experts who assert no such breeding programs exist. Similar concerns have been raised regarding cheetahs from Syria, a gorilla from Haiti, and bonobos from Iraq. Panut Hadisiswoyo, founder of the Orangutan Information Centre, has been advocating for the return of several orangutans to Indonesia, including one intercepted in India and handed to Vantara. The CITES report underscores the need for India to overhaul its import procedures and enhance oversight. Independent wildlife trade expert Daniel Stiles described the report as a ‘true examination’ of Vantara’s operations. The findings have sparked concerns about India’s conservation credibility, with experts urging immediate action to address the irregularities.