Energy

Egypt approves new Jarjoub Special Economic Zone, expands renewable energy with 900 megawatt solar projects

Two solar projects in Minya and Wahat will enhance Egypt's renewable energy capacity under its 2040 strategy.

Oil prices fall $1.64 after U.S. delays decision on involvement in Mideast conflict

Trump will decide whether the U.S. will get involved in the Israel-Iran conflict in the next two weeks, the White House said

Crude oil prices fall to $76.52 as investors weigh potential U.S. involvement in Mideast tensions

Lower Iranian supply and risk of wider disruption could push Brent crude above $90, said Goldman Sachs.

Crude oil prices surge above $76.6 on worries over Strait of Hormuz disruptions

Fed discussions this week may lead to a 25 basis point rate cut sooner than expected

AI is a once-in-a-generation investment opportunity, says ADNOC CEO as company grows U.S. investments

Al Jaber called investment in the United States an "investment imperative"

Global oil demand to peak at 105.6 million barrels per day by 2029, says IEA

Heightened geopolitical risks, unresolved trade tensions and policy shifts have added several uncertainties to the oil market outlook

Crude oil prices climb above $73.6 amid Fed anticipation, Middle East uncertainty

Oil was pressured by mixed economic readings from China, signaling inconsistent growth in its economy

Oil prices above $100? How a Strait of Hormuz closure could impact global energy market

Analysts say a closure of the strategic route would likely send oil prices above $100

Aramco CEO: Transitioning to net-zero emissions could incur costs of up to $200 trillion

Nasser stated that history shows new energy sources complement rather than replace traditional oil and gas

ADNOC’s XRG proposes $18.7 billion acquisition of Australia’s Santos

Deal gives Santos an enterprise value of A$36.4 billion, which would make it the largest all-cash corporate buyout in Australian history

Leadership drives the UAE’s AI energy transition

The synergy between visionary leadership and advanced technologies is set to transform the energy sector

UAE, Saudi Arabia venture into the U.S. LNG space

Gulf countries are expanding their overseas presence and creating partnerships as part of growth plans

Crude oil prices surpass $74.85 as Middle East tensions intensify

Concerns grow over potential disruptions in the Strait of Hormuz, impacting global oil supply

Egypt to launch two new oil wells this June, adding 5,400 barrels daily

Initiative aligns with Egypt's strategy to enhance local crude oil and gas production.

Oil prices surge over 8 percent as Middle East tensions escalate

The latest developments in the region require the oil market to price in a larger risk premium for any potential supply disruptions

Oil prices dip to $69.48 despite heightened Middle East security risks

A geopolitical premium that keeps Brent above $65 per barrel will likely persist until further clarity on U.S.-Iran talks

Borouge, ADNOC L&S ink $531 million deal to boost growth of UAE petrochemical exports

ADNOC L&S will manage the transportation of up to 70 percent of Borouge’s annual production

Crude oil prices dip yet stay above $66.75 as OPEC+ plans production increase

OPEC+ plans to increase oil production by 411,000 barrels per day starting in July

ADNOC Gas awards $5 billion in contracts for first phase of Rich Gas Development Project

Company intends to take FIDs on two additional phases of the Rich Gas Development project at Habshan and Ruwais

Crude oil prices climb above $67.2 as U.S.-China trade talks show promise

U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal

Crude oil prices steady above $66.4 as market eyes U.S.-China trade discussions

China is set to release key economic data amidst worries about domestic demand strength 

Crude oil prices fall to $65.40 as OPEC+ output rises despite concerns over Canadian supply

OECD revised down its global growth forecast due to the impacts of trump's trade war

Saudi Aramco completes $5 billion bond issuance

Bond issuance was structured in three tranches as part of its Global Medium Term Note Program 

Crude oil prices rise above $64.85 driven by OPEC+ decision, supply fears

Wildfires in Alberta temporarily shut down oil production, further heightening supply concerns