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
Construction of the solar power plant is expected to begin by the end of this year
Sheikh Mohamed stressed the need for a peaceful solution to the Ukraine crisis in a way that maintains the interests and national security of all parties
It is the second straight month that fuel prices have risen
Bahrain produces about 200,000 barrels a day
Saudi Aramco has discovered the five fields that can produce over 100 million cubic feet per day of natural gas in total
The Organization of Petroleum Exporting Countries and its partners meet on Wednesday to decide production targets for April
OPEC+ meets on March 2 to decide on output for April
Gas is a cleaner fuel than crude oil
Russia is a key supplier of energy to global customers
Crude prices have surged around 20 per cent this year
Power sector investments in the MENA region are also expected to continue to thrive, with an accelerating shift towards renewables
Energy supplies are struggling to keep up with a robust economic recovery