The project will help to generate half a billion kilowatt-hours of electricity annually, enough to meet the needs of more than 110,000 homes
Ahead of the OPEC+ session, the American Petroleum Institute reported that US crude stockpiles expanded by more than 2 million barrels
He was appointed for a three-year term at the special meeting of the OPEC Conference held on January 3
West Texas Intermediate dropped toward $98 a barrel after sinking almost 7 per cent in July
The acquisition is expected to be completed in Q1 2023 pending satisfaction of certain conditions, including customary regulatory approvals
According to ADNOC, the discovery from a new deeper reservoir indicates between 1–1.5 trillion standard cubic feet of raw gas
Borouge reported that the adjusted EBITDA increased 1.7 per cent to $1,512m, whilst net income increased 2.5 per cent to $853m
West Texas Intermediate futures climbed near $98 a barrel after closing 2.4 per cent higher in the previous session
West Texas Intermediate futures edged lower toward $96 a barrel after rising 2.1 per cent on Monday
DEWA says it will continue to invest in and enhance renewables’ generation capacity
The agreement will involve the joint development of green hydrogen and green ammonia, to decarbonise South Korean POSCO Group’s power generation, and its steel manufacturing processes
Shipments for June were the lowest since September
In addition to the CSEP signed by the two nations, ADNOC and TotalEnergies inked a strategic partnership agreement to explore new opportunities for growth across the energy value chain
The total value of DEWA’s investments between 2021 and 2024 is Dhs10bn
Crude has slumped since mid-June as concerns about a potential recession ripped through commodity markets
West Texas Intermediate tumbled below $91 a barrel on Thursday
The agreements were signed with the Electricity and Water Authority in Bahrain
Demand for motor fuel plunged last week to the lowest seasonal level since 1996
West Texas Intermediate futures fell for a third session to its lowest level in three months
Crude has tumbled since early June on escalating fears of a slowdown as central banks raise rates to combat rampant inflation
The future of energy cooperation between the two countries holds great potential for mutually beneficial partnerships
The Abu Dhabi Department of Energy and Ministry of Mines and Energy of Colombia will explore opportunities for financing projects in energy areas including use, and storage of hydrogen
West Texas Intermediate fell below $98 a barrel and has shed about 10 per cent so far this week
He assumed the position of secretary general in August 2016
Saudi Arabia sends more than 60 per cent of its crude exports to Asia
The company’s investments during the contract extension period is expected to reach another $7-8bn
Oil has started the third quarter in strong form after dropping in June
The clean energy share in Dubai’s energy mix has reached 11.5 per cent and is expected to reach 14 per cent by the end of 2022
Oil fell about 8 per cent in June as investors fretted over a potential global slowdown
The price of Super 98 has risen to Dhs4.63 per litre