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
The plant, spanning over 500 hectares, will be located in the Talin and Dashtadem communities of Armenia
The recovery in oil prices presents an opportunity for Gulf economies to accelerate the recovery from the pandemic and strengthen diversification
The global market has tightened significantly over the past few months amid a robust rebound in fuel demand in the US, China and parts of Europe
Gulliver replaces Sir Mark Moody-Stuart, who had been on the board since 2007
Clean hydrogen could meet a quarter of the world’s energy needs by 2050
The company is set to name Ziad Al-Murshed as chief financial officer, replacing Khalid al-Dabbagh
ABB’s technologies can reduce energy use in industry, buildings and transport, reveals Ahmed Radwan, MEA business lead at ABB Motion
The integrated plant will produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually
The debt will help the Gulf state pump more gas from the giant North Field
The increase marks the fifth consecutive month of rising fuel prices in the country
Qatar Petroleum is aiming to issue dollar notes with maturities of five, 10, 20 and 30 years
The UAE is now bidding to host the UN’s global climate talks in 2023