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Energy
Energy
Oil prices decline ahead of Fed’s decision, heightening uncertainty
Saudi secures 25th World Petroleum Conference
Op-eds
Saudi’s stellar growth stalls as oil sector contracts Â
Saudi oil production dropped to 9.06 million bpd in July
Interviews
ADIPEC: Future-proofing the world’s energy ecosystem
Putting the spotlight on ‘Decarbonizing. Faster. Together
Energy
Leaders urged to address energy transition issues in global meet
Emphasis on energy security and affordability
Energy
OPEC raises concerns over IEA’s fossil fuel projections
Crude oil prices surged past $90 per barrel, highest since November 2022
Region
Ethiopia completes filling of $4.2 bn dam
Egypt concerned over possible reduction in water supply
Energy
OPEC+ cuts to tighten oil market in Q4 2023: IEA
Bank of America predicts $100+ per barrel by year-end
Region
OPEC’s optimism for continued global demand growth boosts oil prices
Kept its forecast for global economic growth this year at 2.7 percent
Region
Brent, WTI oil prices ease on Chinese economic concerns
OPEC, IEA expected to release reports this week
Kuwait
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
Kuwait
Kuwait’s capital spending for oil projects jumps 95 percent
In bid to boost oil production capacity
Energy
Oil prices rise as Saudi, Russia extend supply cuts
Voluntary supply cuts to last until the end of this year
Egypt
Eni latest energy company pouring billions into Egypt’s oil and gas sector Â
Egypt plans to invest $1.5 billion into drilling 35 LNG wells by 2025
Energy
Saudi’s Aramco pondering selling more shares before end of 2023
Shares will likely be listed on the Riyadh bourse
Energy
DEWA empowers Dubai’s energy transmission network with AED4.2 bn projects
Authority inaugurated seven new 132 kV substations in H1
Energy
Saudi’s ACWA Power sets sights on billions in investments for Egypt, Morocco
Company plans to pump $10 bn into Egypt by 2026
Egypt
Egypt is investing $1.9 bn in LNG wells
BP is investing $3.5 bn for gas exploration in the country
Region
Fossil fuel subsidies in the MENA region second highest globally
Scrapping subsidies would prevent 1.6 mn premature deaths annually
Energy
Saudi Aramco terminates multi-billion dollar contract for Zuluf field expansion
Seeking alternatives
Energy
Iran, Iraq crude production could push Saudi extension of voluntary cuts
Brent crude fell 27 cents, or 0.3%, to $82.94 a barrel
Region
International consortium begins gas exploration in Lebanon
The drilling rig arrived at Lebanese waters last week
Egypt
Suez oil discovery, exploration, part of the drill for Egypt
Need to supply domestic and European markets amid economic crisis  Â
Egypt
Egypt oil and gas sector gets boost with new $1.4 bn investment
Will help increase oil production rate by 10 percent
Energy
Record-breaking LNG supply deals for Qatar
Qatar secured second place in global LNG exports
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