Oil prices soar by 3 percent amid declining U.S. crude stocks

Analysts project oil to break the $100 barrier

Saudi Aramco sees China as an important market for decades to come

Profits in the three months to end of June up 90 percent to $48 bn

Egypt awards four gas blocks for exploration in the Med and Nile Delta

Eni, BP, Qatar Energy, and Zarubezhneft expected to invest about $281 million

Saudi to build nuclear power plant as part of atomic energy project

Plans for regional cooperation center also revealed

Saudi’s stellar growth stalls as oil sector contracts  

Saudi oil production dropped to 9.06 million bpd in July

ADIPEC: Future-proofing the world’s energy ecosystem

Putting the spotlight on ‘Decarbonizing. Faster. Together

OPEC raises concerns over IEA’s fossil fuel projections

Crude oil prices surged past $90 per barrel, highest since November 2022

Ethiopia completes filling of $4.2 bn dam

Egypt concerned over possible reduction in water supply

OPEC+ cuts to tighten oil market in Q4 2023: IEA

Bank of America predicts $100+ per barrel by year-end

OPEC’s optimism for continued global demand growth boosts oil prices

Kept its forecast for global economic growth this year at 2.7 percent

Brent, WTI oil prices ease on Chinese economic concerns

OPEC, IEA expected to release reports this week

Kuwait is outlaying nearly $6 bn to boost oil output to 3.5 mn bpd

High crude prices, today reaching $90, boosted KOC’s assets to $55 bn

Oil prices rise as Saudi, Russia extend supply cuts

Voluntary supply cuts to last until the end of this year

Eni latest energy company pouring billions into Egypt’s oil and gas sector  

Egypt plans to invest $1.5 billion into drilling 35 LNG wells by 2025

Saudi’s Aramco pondering selling more shares before end of 2023

Shares will likely be listed on the Riyadh bourse

DEWA empowers Dubai’s energy transmission network with AED4.2 bn projects

Authority inaugurated seven new 132 kV substations in H1

Egypt is investing $1.9 bn in LNG wells

BP is investing $3.5 bn for gas exploration in the country

Fossil fuel subsidies in the MENA region second highest  globally

Scrapping subsidies would prevent 1.6 mn premature deaths annually

Iran, Iraq crude production could push Saudi extension of voluntary cuts

Brent crude fell 27 cents, or 0.3%, to $82.94 a barrel