The 120MW plant in Aden is expected to be operational in late 2019
Saudi’s proved oil reserves were revised to 297.7 billion barrels at the end of 2018 from 266.2 billion a year earlier
Russian President Vladimir Putin said last week that Russia and OPEC disagreed over what constituted a fair price for oil
DEWA has issued a request for proposal for appointing consultants to study, develop and construct floating solar PV plants
Oil prices are up 16 per cent so far this year thanks in part to the OPEC+ deal
On Friday, the US added Iran’s largest petrochemical holding group to its sanctions list
The fire started at a machine used to lift containers at the port
Lower prices are pushing Saudi and its allies within the OPEC+ group to extend their current production cuts, writes Reuters columnist John Kemp
Oil prices in May sustained their worst monthly fall in six months
The size of the deal has been estimated at over $600m, according to sources
Electricity services were disrupted in Asir, Jazan, Najran, Al Baha and some other southwestern areas
INEOS’ three plants would be part of a $5bn complex called Project Amiral
Dubai crude fell in May to an average of $69.375 a barrel
Tensions between Iran and the United States have been rising in the past month
Riyadh has accused Tehran of ordering the drone strikes on Saudi oil pumping stations
Oman’s LNG volumes rose 17 per cent in 2018 to 9.54 million tonnes
Global manufacturers have reported falling export orders for eight months since September, writes Reuters columnist John Kemp
US sanctions on Venezuela and Iran and a Russian oil crisis have tightened sour crude supplies in Asia
The UAE links fuel prices to movements in international oil rates
The new service stations will be located in different areas across the kingdom
There are still uncertainties around oil demand growth
The Kuwaiti firm’s Pakistan unit has secured a concession for the Makhad oil block in Punjab province
Aramco has been developing its own gas resources and eyeing gas assets in the United States, Russia, Australia and Africa
This stage is part of the 800MW third phase of the world’s largest single-site solar park in Dubai
OPEC, Russia and other major producers, agreed to cut output by 1.2 million barrels per day from Jan 1 for six months
The job by OPEC and its allies to balance the oil market is not complete yet, he said
Asia gets nearly 70 per cent of its crude oil from the Middle East
The attacks caused a fire at one of the stations leading to “limited damage”
Iranian oil accounted for about 4 per cent to 5 per cent of Japan’s total oil supplies before the US sanctions kicked in
Profits were hit by foreign exchange losses and revaluation of U.S power assets