Luberef would be joining several Aramco subsidiaries already listed on the Saudi stock exchange
More than 60 per cent of Saudi Arabia’s oil shipments go to Asia, with China, Japan, South Korea and India
It is the third consecutive month that fuel prices have increased
West Texas Intermediate futures slid 5 per cent to trade near $102 a barrel, trimming a monthly advance
DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022
The Organization of Petroleum Exporting Countries and its partners have resisted calls to raise output faster
Brent futures briefly surged to a 13-year peak near $139 a barrel earlier this month
This year’s Earth Hour was held under the theme ‘Shape Our Future’
This brings the total dividend for 2021 to Dhs2.57bn
Unit 2 adds a further 1,400MW of clean electricity to the national grid
The kingdom’s sovereign wealth fund signed non-binding memorandums of understanding with five companies
The partnerships build on ADNOC’s position in Asian clean hydrogen markets
Supply losses are likely to dwarf any demand destruction
The jump in oil is fanning inflation in economies around the world
Mubadala Petroleum, which has been present in Malaysia since 2010, is the operator of Block SK 320 and holds a 55 per cent interest in it
OPEC+ is reviving supplies after its deep cuts at the start of the pandemic in 2020
Aramco declared a dividend of $18.8bn for the fourth quarter, to be paid in Q1 2022
The NEOM project, called Helios, is led by a consortium including Air Products and ACWA Power International
Over 65 percent of the award value could flow back into the UAE economy under ADNOC’s In-Country Value programme
The US Federal Reserve raised interest rates by a quarter percentage point
Masdar also signed agreements related to the development of additional clean-energy projects across the country
The offer price range will be announced on March 24 with an expected trading debut on April 13
The facility will be built in the city of Panjin, in China’s Liaoning Province
Oil has surged above $100 a barrel for the first time since 2014
The new lubricants will be available from March 2022
ENOC opened 15 new service stations in 2021
Bullion has gained 12 per cent this year
Once operational at full capacity, the facility will produce 18,000kg of green hydrogen a day
The framework is accompanied by a second party opinion from ESG ratings agency Sustainalytics
Brent crude surged as much as 18 per cent after opening on Monday