Energy

ADSW 2025: UAE launches Global Energy Efficiency Alliance, studies green certificates for buildings

Al Olama highlighted a pilot project with Aldar Properties, First Abu Dhabi Bank, and energy solution firms

ADSW 2025: Abu Dhabi’s Masdar targets 100 GW of clean energy by 2030, plans $6 billion solar facility for 1 GW of power

This target highlights Masdar's commitment to advancing clean energy and climate neutrality

Oil prices steady at $79.95 amid key U.S. inflation data release

Crude oil WTI futures expiring in March inched up 0.1 percent to $76.45 a barrel

The OPEC+ will face pitfalls of geopolitics, U.S. energy shift in 2025

Since October 2022, the organization has cut crude oil production by 5.8 million barrels per day

Oil prices decline to $80.77 from four-month high amid U.S. sanctions on Russian exports

Crude oil WTI futures for March also fell by 0.3 percent, reaching $77.12 per barrel

Oil prices surge to $81.22 due to potential supply disruptions, cold weather

Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel

UAE, Brazil formalize mineral exploration MoU for energy and mining collaboration

The UAE is Brazil's second-largest Middle Eastern trade partner, with $2.64 billion in non-oil trade in early 2024

Oil prices rise by 0.4 percent driven by increased heating fuel demand, cold weather across U.S.

Brent oil futures set to expire in March climbed by 0.4 percent to reach $77.22 per barrel

ADNOC Gas awards $2.1 billion in contracts to enhance Ruwais LNG supply infrastructure

Investment is part of the ADNOC Gas $15 billion CAPEX plan through 2029

UAE’s NMDC Energy awarded $1.136 billion contract for Taiwan subsea gas pipeline project

Project enables the delivery of natural gas with an annual capacity of 2.3 million tons

Oil prices plummet by 0.5 percent as U.S. inventories surge, China reports weak data

Brent crude futures for March delivery decreased by 0.5 percent, settling at $75.79 per barrel

PCFC completes first LNG bunkering operation in Dubai

This initiative positions Dubai as a leader in sustainable energy and reduces the maritime sector's carbon footprint

Oil prices rise to $77.41 amid 4 million barrels drop in U.S. inventories

West Texas Intermediate crude futures also rose by 0.5 percent to $73.97 a barrel

Oil prices decline to $76.22 as economic data overshadows supply concerns

U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42

Diriyah Company launches $310 million substations to power future development

Diriyah and Wadi Safar electricity substations will be operated by Saudi Electricity Company

DEWA to integrate generative AI across all operations through Microsoft Copilot

DEWA began using AI in 2017 and was one of the first utilities globally to implement Microsoft’s Copilot

Oman forecasts $29 billion public revenue for 2025, 1.5 percent increase from 2024

Projections were informed by critical factors and data, based on an average oil barrel price of $60

Oil prices climb on hopes for Chinese stimulus with Brent at $72.68 and WTI at $76.08

Both oil contracts are on track to achieve a second consecutive weekly increase

Oil prices rise to $75.13 following 1.4 million barrel decline in U.S. inventories

Crude oil WTI futures for February delivery also surged 0.7 percent to $71.75 per barrel

UAE: Petrol, diesel prices for January 2025 announced

Since 2015, the UAE diesel and petrol prices have been moving in line with the international markets.

Oil prices rise to $74.51 following Chinese manufacturing data, but set for yearly decline

WTI futures for February delivery also saw a 0.7 percent increase, reaching $71.05 per barrel

UAE: Key projects transforming infrastructure landscape in 2024

Abu Dhabi approved in 2024 a total of 144 projects with a budget of $17.97 billion