Demand for the fuel used in heating and power generation is growing faster than for any other fossil fuel
The kingdom’s pledge comes amid more stay-at-home orders and travel restrictions to rein in a surge of infections
The guard corps took the ship to Bandar Abbas port in Iran
The discoveries were made in the largely unexplored western and northwestern areas of the country
Production begins a year after the discovery of gas in the field, touted as the first new onshore find in Sharjah in nearly four decades
The stations, located in the eastern region, with sites on both the highway and within communities, will be refurbished
Azerbaijan plans to increase the share of clean energy in electricity generation to 30 per cent over the next decade
This is the 10th consecutive month that prices have stayed unchanged
Growth is expected to be subdued until at least till end 2021, report says
Saudi Aramco is continuing to work on determining the size and volume of discovered fields
Rollout of coronavirus vaccines and improvement in ties between the US and China are likely to improve demand for oil
The impact of the Covid-19 pandemic on the future development of cities in the MENA region is set to be significant
The transaction is expected to complete in the first quarter of 2021
More than 40 countries are restricting flights and effectively isolating the UK
Upon full commercial operation, the plant is expected to reduce Abu Dhabi’s CO2 emissions by more than 2.4 million metric tons per year
The mutation comes as vaccines are being rolled out in several countries and as the US closes in on a stimulus plan
Saudi Energy Minister met in Riyadh on Saturday with Russian Deputy Prime Minister
US gasoline stockpiles expanded by 828,000 barrels last week
No group or country claimed responsibility for Monday’s attack
Environmental concerns are propelling the usage of alternative energy for a sustainable future, opines Antonio Cuccarese, business development manager, Metito
ADNOC and ExxonMobil will identify areas of mutual interest for conducting R&D and co-developing technology solutions
The Supreme Petroleum Council last month approved a $122bn budget to help ADNOC boost production capacity by a fourth to 5 million barrels a day by 2030
The Barakah Nuclear Energy Plant is the largest source of clean baseload electricity in the country
Aramco also increased pricing for light crude grades to the Mediterranean region
Members have decided to add 500,000bpd of production to the market next month, then hold monthly meetings to decide on subsequent moves
Zakher Marine International is working with Bank of America as it weighs its strategic options, including a sale
Oil has just capped its biggest monthly increase since May on optimism energy demand will rebound as Covid-19 vaccines are rolled out in the coming weeks
The reductions will be applied on electricity and water bills from December 1, 2020
Prices have remain unaltered for the ninth straight month
Dubai is starting up the $3.4bn Hassyan coal plant, with capacity being increased from an initial 600 mega watts to 2,400 by 2023