#energy

UAE petrol prices for May declared

Super 98 petrol will cost Dhs1.91 per litre, while Special 95 is priced at Dhs1.80 per litre

Abu Dhabi’s ADPower solar project receives world’s lowest tariff bid

The 2GW Al Dhafra Solar PV project is slated for completion in the second quarter of 2022

Saudi Arabia’s ACWA Power plans to raise up to $1bn

The company is in talks with local banks about the potential deal that would be denominated in Saudi riyals

Saudi set to sell 600,000 barrels a day of oil to US in April

The figure marks the highest volume in a year

Oil touches 18-year low as virus-led demand shock outweighs output cuts

Global demand will drop by more than 9 million barrels a day in 2020, according to the IEA

Oil price war ends with historic OPEC+ deal to cut output

The accord caps a tumultuous month when Brent crude plunged to its lowest in nearly two decades, falling toward $20 a barrel

Saudi Aramco delays oil pricing statement as OPEC+ talks continue

Benchmark Brent has plunged by more than half since the start of the year

Aramco delays oil pricing amid Saudi-Russia row on oil cuts

Benchmark Brent crude has plunged 48 per cent this year

Aramco keeps $75bn dividend promise even with oil’s plunge

The kingdom needs an oil price of $84 to balance this year’s budget

Saudi Arabia’s Aramco to pump 12.3 million bpd in April

It puts Aramco supply above its maximum sustainable capacity, indicating that the kingdom is even tapping its strategic inventories

Aramco international listing ‘still on the cards’ – minister

The oil giant raised $29.4bn in the world’s biggest-ever initial public offering, selling shares at 32 riyals each

World’s biggest IPO just got bigger: Saudi Aramco IPO at $29.4bn

Goldman Sachs Group, one of the underwriters of the deal, exercised the over-allotment option and increased the offering

Saudi Aramco crosses the $2 trillion mark on Thursday

On the second day of trading on Riyadh’s stock exchange, Saudi Aramco briefly soared past the target

UAE VP announces visa for retired expats, reduced power charges for industry

The country previously announced plans to introduce a 10-year visa for investors

Revealed: Top 10 companies in Bahrain in 2017

The biggest listed companies in Bahrain by market capitalisation

Revealed: Top 100 GCC Companies 2016

The biggest listed companies in the Gulf region

Revealed: Top 10 companies in Qatar in 2016

The biggest listed companies in Qatar as ranked by market capitalisation

Dana Gas profit jumps following arbitration case

Dana Gas profit jumps following arbitration case

Gross revenue decreased 39 per cent

Top 10 Countries With The World’s Biggest Oil Reserves

South American nation Venezuela tops the list, followed closely by Saudi Arabia.

Top 10 Largest Aluminium Smelters In The World

Two from the UAE and one from Bahrain feature on the list of the world’s largest smelters by capacity.