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Industry News
Source: reuters.com

High Logistics Costs Keep Brent Above $100 Despite Rising Strait Oil Flows

Middle East crude exports through the Strait of Hormuz climbed to 14.2 million barrels per day in late September, recovering to nearly 80% of pre-war levels, according to Kpler data cited by Reuters. Despite easing crude availability, Brent prices remain above $100 per barrel due to logistical bottlenecks, including record tanker rates and soaring insurance costs.

Industry News
Source: ThinkChina

China AI Expansion Across Global South Points to New Belt and Road Strategy

An analysis published by ThinkChina outlines how Beijing is leveraging multilateral platforms to export its entire domestic artificial intelligence stack across the Global South. By promoting initiatives under the SCO, BRICS, and the new World AI Cooperation Organization, China aims to secure international scale, compute workloads, and revenue.

Industry News
Source: Gulf News

UAE Non-Oil PMI Holds at 20-Month High of 55.3 in September

The seasonally adjusted S&P Global UAE Purchasing Managers' Index remained at 55.3 in September 2026, matching August's 20-month high amid stronger domestic and export demand. Selling prices increased at their fastest pace since May 2011 as businesses passed along elevated raw material, freight, and shipping costs. Dubai's PMI rose to a 2026 high of 54.5, supported by the strongest foreign order expansion in two years.

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