OPEC oil output in January registered the biggest monthly drop since July, as several members implemented new voluntary production cuts
The UAE has announced revised fuel prices for the coming month
Consumers will have to shell out a few fils more as authorities announced a hike in petrol prices for February
The energy firm maintained a strong sales momentum in 2023, signing LNG deals valued between $9.4bn and $12bn
Negotiations on the key commercial details between Uganda and UAE-based Alpha MBM Investments are expected to be completed within three months
The increased allocation will include investments to grow the company’s domestic and international carbon management platforms
The complex is expected to be able to produce 1.8 million metric tons of ethylene per year and is designed to expand SABIC’s manufacturing presence in Asia
Aramco’s venture capital programme supports the development of disruptive new technologies and creates diversification opportunities for Aramco while paving the way for collaborations with innovative startups
The ranking revealed that Saudi’s Aramco retained its status as the most ‘valuable’ Middle Eastern brand in global ranking, followed by ADNOC and stc
Accelerating the energy transition globally requires a localised approach that is rooted in understanding and catering to these specific needs
Targeted strikes against the Houthis in Yemen by the US and UK are driving up global oil prices
Yemen-based Houthis mounted their largest attack yet on commercial shipping lanes in the Red Sea on Wednesday.
The $180m equity stake marks the initial strategic investment by Alpha Dhabi in the venture
The agreement outlines the collaboration between the two entities to develop modern technologies in the energy sector
The whole world is trying to figure out a greener energy mix. But as Majid Jafar, the CEO of Crescent Petroleum points out, this can’t be achieved without fossil fuels and, more particularly, cleaner natural gas.
Liquefied natural gas exports from the US outpaced those from Qatar and Australia, according to latest tanker tracking data
The fuel price committee has reduced the retail rates for Super 98, Special 95, and E-Plus 91 for January
Data indicates that fuel prices in the UAE rose steadily during the summer months but that they have tailed back slightly towards the end of 2023
The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 0.7 fils per litre in December
Further attacks on ships in the Red Sea prompted fears of shipping disruptions and on hopes of interest rate cuts that could boost economic growth and fuel demand
Brent crude oil futures fell 32 cents, or 0.4 per cent, to settle at $79.07 a barrel
China has significantly tightened rules guiding exports of several metals this year, in an escalating battle with the West over control of critical minerals
The Southern African nation’s announced departure follows its protest against OPEC+’s decision to cut its output quota for 2024
The deal is subject to a final investment decision including regulatory approvals and reaching a definitive sale and purchase agreement
Toshiba will be delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal
The initial phase of the project will generate 3,000 tonnes of green hydrogen annually, with the subsequent phase harnessing 2.4 GW of wind energy to produce 500,000 tonnes of green ammonia
The Layaran-1 discovery provides the foundation for future organic growth and additional exploration drilling activities in 2024
BP has temporarily paused all transits through the Red Sea while oil tanker group Frontline said its vessels would avoid passage through the waterway.
Production restraint by OPEC+ allies has been more than offset by output growth from US shale firms and other sources
ADNOC will become the majority shareholder in Fertiglobe, increasing its shareholding to 86.2 per cent, with 13.8 per cent remaining in free float on ADX