Oil prices have retreated 6 per cent this month as the contagious delta variant triggers renewed lockdowns in China and other key Asian consumers
Delta has raised concerns about the short-term demand outlook
Aramco’s gearing fell to 19.4 per cent from 23 per cent at the end of 2020
UAE’s Masdar has partnered on the construction of the 400MW Dumat Al Jandal facility
Investment in solar projects was up 9 per cent to a record $78.9bn in the first half
Revenue climbed 72 per cent year-on-year to $11.3bn
The 145-megawatt Cirata Floating Photovoltaic Power Plant is expected to begin commercial operations in Q4 2022
ADNOC will send the ammonia to Japan’s Itochu Corp. for use in fertilizer production
West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday
The UAE fuel price committee also announced an increase in the price of diesel
Dubai is constructing a $1.1bn facility that will burn garbage to generate power
The Ras Al Khair desalination and power facility on Saudi Arabia’s east coast had cost more than $7bn to build
Futures in New York traded below $72 a barrel after adding 0.4 per cent last week
Stakeholders across local and regional countries are keen to pursue sustainable fuels
The substations supply Al Barsha 1, Mirdif, and Wadi Al Safa 2
Total, after signing the deal, will also build a 1,000 megawatt solar power plant
In the GCC, hydrocarbons have traditionally been the driving force for the economies
The American Petroleum Institute was said to report an 806,000 barrel gain in US crude inventories
Oil has run into stiff headwinds in July after rising in seven of the past eight months
The agreement means the cartel will boost output by 400,000 barrels a day each month from August
If there is a deal on Sunday, it is unclear how quickly additional supplies can be delivered to the market
The UAE’s energy ministry issued a statement acknowledging that talks are underway
The Al Zour LNG terminal received its first cargo of gas, from Qatar, on Monday
Oil has rallied more than 50 per cent this year as the vaccine rollout boosts demand in key economies
The council is a coalition of companies from over 20 countries pioneering hydrogen solutions
The state energy giant is preparing to gauge interest in the assets from potential investors
The decision was made to “decrease the burden of living costs on citizens and residents”
Here’s why the GCC is well-positioned globally to play a leading role in the supply of hydrogen
Aramco raised $12.4bn by selling leasing rights over oil pipelines to a US-led group of investors in April
Vortex Energy IV will target all energy transition verticals