Energy

Crude oil prices face weekly decline of over 2 percent amid Fed’s demand concerns

Brent oil futures set to expire in February slipped 0.5 percent to $72.49 a barrel

OPEC Fund signs first loan agreement with Montenegro for $52 million to enhance climate initiatives

The loan is aimed at enhancing fiscal sustainability and facilitating the green transition in the southeastern European nation

ADNOC Logistics & Services acquires 20 offshore assets in 2024

The company reported 51 percent revenue growth in integrated logistics for 2024

Crude oil prices fall 0.6 percent following Fed’s 0.25 basis point rate cut

Brent oil futures for February delivery decreased by 0.5 percent to $73.02 per barrel

DEWA’s Green Hydrogen Project cuts CO2 emissions by over 40 tons in transportation sector

The station can fuel about 50 fuel-cell electric vehicles in roughly eight minutes each

Crude oil prices show little movement ahead of Fed meeting

Brent oil futures for February delivery held steady at $73.20 a barrel

DEWA generates 45.14 TWh of power in nine months in 2024

This is an increase of 5.49 percent over the same period in the previous year

OPEC Fund authorizes nearly $1 billion in new development financing

These initiatives support global nations by improving infrastructure, food security, renewable energy, and economic resilience

Crude oil prices fall ahead of Fed meeting amid weak Chinese economic data

Brent Oil Futures decreased by 0.2 percent, settling at $73.81 per barrel

Arcius Energy: XRG and bp launch new natural gas joint venture 

Announced in February 2024, bp holds 51 percent and XRG, ADNOC's firm, 49 percent

Crude oil prices dip amid cautious market sentiment and Fed meeting

Brent Oil Futures expiring in February fell 0.3 percent to $74.28 a barrel

The UAE hikes its climate ambitions in submission to the UN

In its updated NDC, the country aims to reduce greenhouse gas emissions by 47 percent by 2035 compared to 2019 levels

How Siemens Energy powers the UAE’s net-zero journey

From partnering with key organizations like ADNOC and DEWA to preparing the Emirati youth

Oil prices dip amid supply surplus expectations and China’s stimulus efforts

Brent oil futures fell by 0.1 percent to $73.34 per barrel

UAE healthcare sector aims for 20 percent carbon emission reduction by 2030: Report

New study urges healthcare to adopt sustainability to reduce emissions, energy use, and waste

OPEC cuts oil demand growth forecast for 2024, 2025

2024 global oil demand to rise by 1.61 million barrels per day, down from 1.82 million barrels per day last month

Oil prices surge modestly amid China’s stimulus optimism and U.S. economic indicators

Brent crude futures for February delivery ascended by 0.4 percent to $72.47 a barrel

Oil prices slip as market reacts to China’s stimulus and Middle East instability

Brent oil futures for February delivery decreased by 0.2 percent, settling at $72.00 per barrel

Dubai’s green hydrogen production reduces 450 tonnes of CO2 emissions

The project produces about 20 kilogrammes of hydrogen per hour

Oil prices rise on Middle East uncertainty despite weaker China demand

The number of oil and gas rigs deployed in the U.S. last week hit the highest since mid-September

Abu Dhabi’s NMDC LTS signs definitive agreement to acquire 70 percent equity stake in Emdad

The acquisition, pending regulatory approvals, will allow NMDC to expand into oilfield services

OPEC+ extends oil output cuts until end of 2026

Despite the group's efforts in limiting supply, Brent crude has mostly stayed in a $70-$80 per barrel range this year

Oil prices decline as OPEC+ prolongs supply cuts

Brent crude futures for February delivery fell by 0.4 percent to $71.80 a barrel