Energy

ADIO partners with clean energy leader Ignite Energy Access for global expansion

Pan-African energy provider will introduce its advanced solar technologies and expertise to the UAE

Oil prices rise to $70.35 as Ukraine ceasefire deal prospects diminish

Expectations of lower Russian oil supply in the near term provided some support to oil prices

Oil prices steady after rising above $70; recession and oversupply fears linger

Crude prices rose from three-year lows, aided by improving sentiment and a weaker dollar

Electricity investment needs to keep up with rising demand

IEA says the world needs to invest $700 billion per year by 2040

Oil prices climb to $69.92 amid losses; OPEC report and tariff risks in focus

Supply concerns in Russia boosted prices after Ukraine targeted a major oil refinery in Moscow

Saudi Aramco president calls for new global energy model balancing traditional and renewable energy sources

Nasser noted that new energy sources do not replace traditional ones; they complement them

Oil prices drop to $68.77, nearing three-year low on tariff fears

West Texas Intermediate crude futures fell by 0.8 percent to $65.15 a barrel

AIQ inks $340 million contract to deploy large-scale AI solutions across ADNOC operations

AIQ expects the first operational, scalable version of ENERGYai to be completed in mid-2025

Mubadala finalizes sale of stake in U.K. energy transition infrastructure provider Calisen

This transaction highlights Mubadala's strategy of value capture through strategic exits, positioning Calisen for future growth

Oil prices fall to $70.10 on weak Chinese inflation, Trump tariffs

West Texas Intermediate crude futures saw a similar decline of 0.4 percent to $66.48 a barrel

Oil prices fall to $69.60, near annual lows amid tariff concerns

Attention turns to February's nonfarm payrolls data for insights on the U.S. economy

Oil prices rebound after dropping below $70 amid trade, supply concerns

Traders are concerned about U.S. tariffs and rising oil supplies from OPEC+ production increases

Oil prices fall to $70.93 as China stimulus, U.S. inventories weigh

U.S. President Trump followed through on threats of increased tariffs against China, Canada, and Mexico

UAE reaffirms commitment to full conformity with OPEC+ voluntary production adjustments

The eight OPEC+ countries plan to fully compensate overproduced volumes by June 2026

China discovers 180 million tons of shale oil reserves

Strategic shale oilfield development will create jobs and enhance regional economic growth significantly

Saudi Arabia’s Aramco reports $106.2 billion net income for 2024

Company's board declared a base dividend of $21.1 billion for the fourth quarter of 2024, a 4.2 percent annual increase

Oil prices drop to $71.07 on OPEC increase, Trump trade jitters

WTI crude futures dropped by 0.9 percent to $67.64 a barrel

ADNOC, OMV to create $60 billion chemicals powerhouse Borouge Group International

The new entity will be the world’s fourth largest producer of polyolefins

Dubai’s energy demand rises 5.4 percent in 2024 as economy, population grows

DEWA experienced a noteworthy 3.4 percent increase in its peak demand in 2024, reaching 10.76 GW

Oil prices gain 0.25 percent on positive Chinese manufacturing data

Investors are now looking forward to China's annual parliamentary meeting for further insights into potential measures to support its economy

Oil prices fall to $73.30, on track for weakest month since September

Trump revoked Chevron's Venezuela license, halting imports and reinstated pressure on Iran's oil exports

UAE announces decrease in petrol prices for March 2025

Super 98 petrol will cost AED2.73 per litre, compared to AED2.74 a litre in February

Red Sea Global introduces sustainable aviation fuel at Red Sea International Airport in Saudi Arabia

The initiative will empower the broader aviation sector to make environmentally conscious choices

Oil prices rise to $72.77 following two-month low as traders evaluate mixed U.S. inventory report

Crude Oil WTI Futures, set to expire in March, also saw a gain of 0.4 percent, reaching $68.53