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

International consortium begins gas exploration in Lebanon

The drilling rig arrived at Lebanese waters last week

Suez oil discovery, exploration, part of the drill for Egypt

Need to supply domestic and European markets amid economic crisis   

Egypt oil and gas sector gets boost with new $1.4 bn investment

Will help increase oil production rate by 10 percent

Record-breaking LNG supply deals for Qatar

Qatar secured second place in global LNG exports