Demand for motor fuel plunged last week to the lowest seasonal level since 1996
West Texas Intermediate futures fell for a third session to its lowest level in three months
Crude has tumbled since early June on escalating fears of a slowdown as central banks raise rates to combat rampant inflation
The future of energy cooperation between the two countries holds great potential for mutually beneficial partnerships
The Abu Dhabi Department of Energy and Ministry of Mines and Energy of Colombia will explore opportunities for financing projects in energy areas including use, and storage of hydrogen
He assumed the position of secretary general in August 2016
The share sales are part of Oman Investment Authority’s plan to exit state assets in a bid to bolster the country’s coffers and expand its stock exchange
The UAE is the third largest producer in OPEC
The collaboration will see both companies accelerate the development of digital technologies to unlock greater value from oil and gas operations
It provides its services to 3.5 million people who live in Dubai
ADNOC said that the new finds totalled 650 million barrels of oil
Investors have shunned equities and many commodities after Federal Reserve officials reaffirmed much tighter monetary policy lies ahead to cool an overheating economy and tame inflation
Aramco’s output averaged 10.2 million barrels a day between January and March, up 20 per cent year-on-year
Dubai’s main power and water company also reported a 15 per cent growth in Q1 2022 revenues to Dhs5.068bn
Japan’s total oil imports in March amounted to 89.15 million barrels, compared to 78.51 million barrels in February
In an interview with Gulf Business, David Shi, president, Huawei Enterprise Business Group, Middle East highlights how the need for greener ICT infrastructure is a priority for organisations
The state-owned energy company and Austrian chemicals producer plan to sell a 10 per cent stake in their Borouge plastics unit by the end of the quarter
The two plants will be located in Taroudant, in the Souss-Massa region and in El Hajeb, in the Fès-Meknès region, each with a production capacity of 36MW
Each vessel will have a capacity of 175,000 cubic metres – enough to power 45,000 homes for a year
The stock is expected to start trading in Dubai around April 12
In both the 1970s and today, the shocks hit economies that already had inflation problems
The framework is accompanied by a second party opinion from ESG ratings agency Sustainalytics
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
Russia is a key supplier of energy to global customers
Energy supplies are struggling to keep up with a robust economic recovery
Green building strategies can be used to design and build healthy, comfortable, cost efficient and environmentally friendly living and working environments
Feasibility studies for the project are underway