Energy

The UAE reviews fuel prices monthly under a deregulated pricing mechanism introduced in 2015, linking domestic retail prices to global oil market trends and distribution costs

Drawing on dialogue with more than 275 senior energy leaders from 65 countries, the council said grids, storage and system integration were the most commonly identified constraints on progress

Qatar continues to deal with damage caused by attacks on Ras Laffan, which wiped out 17 per cent of the country’s LNG capacity

Brent crude futures were down $1.69, or 1.55 per cent, at $107.06 a barrel by 1128 GMT, while US West Texas Intermediate futures were down $2.6, or 2.46 per cent, at $103.23 a barrel

The licensing round comes as Sri Lanka looks to build on more than two decades of geological and geophysical studies, including 2D and 3D seismic surveys

Shell, the world’s biggest LNG trader, estimates the world has lost about 36 million tons of LNG from the Middle East so far this year, President for Integrated Gas Cederic Cremers said

The dashboard replaces the previous reliance on fragmented submissions with a standardised national digital workflow that supports data quality assurance

The new prices were approved under the UAE’s monthly fuel pricing mechanism, which tracks movements in global energy prices and reflects changes in the domestic market

Frédéric Godemel, EVP of Energy Management at Schneider Electric, explains how AI, hybrid AC/DC systems and digital technologies can support Dubai’s transition to a smarter, more resilient and lower-carbon power grid

America’s Strategic Petroleum Reserve has fallen to 293.4mn barrels as Washington draws down emergency stocks