Energy

Oil prices surge amid rising Middle East tensions, anticipation of Fed rate cuts

Brent oil futures for November rose 0.5 percent to $74.83 per barrel

Oil prices slip as traders lock in profits, weekly rise boosted by U.S. rate cut

Brent oil futures, set to expire in November, dropped 0.4 percent to $74.60 per barrel

Abu Dhabi launches green bus service: Clean hydrogen and electric vehicles now on Route 65 in Al Reem Island 

The Green Bus service launch highlights Abu Dhabi's commitment to sustainable public transport 

$2.16 billion invested in seven new UAE renewable energy projects from H2 2023 to H1 2024

13 solar projects will add by end of 2024 10.6 GW to UAE’s grid

Oil prices decline amid concerns over U.S. economic outlook following Fed’s larger-than-expected rate cut

Brent crude futures for November fell by 34 cents, or 0.46 percent, settling at $73.31 a barrel

UAE’s MoEI, EtihadWE launch initiative to boost renewable energy adoption in Northern Emirates

Northern Emirates residents can now harness energy with rooftop solar panels

UAE’s Ministry of Energy and Infrastructure partners with Siemens Energy to promote green energy

This partnership will focus on addressing upcoming challenges related to grid infrastructure

Abu Dhabi to soon launch unified water strategy, says DoE Chairman

The comprehensive approach covers all stages of the water cycle, including production, delivery, and consumption

World Utilities Congress 2024 addresses critical challenges in energy transitions, water security

The World Utilities Congress this year is co-located with the 6th Arab Water Forum

Oil prices see modest gains amid rate cut speculations, Hurricane Francine’s supply impact

Brent crude futures set to expire in November climbed 0.2 percent to $72.88 per barrel

Dubai to host ‘The Africa Debate’ on October 31 to boost trade, investment

The event reflects the UAE's commitment to strengthening its economic and trade relationships with African nations

UAE’s investment in clean energy reaches over $12.25 billion, says minister Al Mazrouei

The country has significantly increased its clean energy share to 27.83 percent in 2023, aiming for 32 percent by 2030 

Abu Dhabi’s TAQA announces new unified distribution company, launches new brand identity

This new brand structure is expected to significantly increase awareness and understanding of the scale and breadth of TAQA's utility activity

Saudi Arabia cuts oil use in power generation despite higher demand

Country burned 1.006 million bpd directly to generate electricity from January to June 2024

Oil prices rise on U.S. rate cut hopes despite weak demand, Chinese data

Brent crude futures for November rose by 3 cents to $71.64 a barrel

UAE ministry of energy launches Data Bridge to enhance customer service, streamline government operations

This project enables MoEI to deliver proactive services, request data just once, and exchange digital documents in real time

Oil prices soar amid hurricane Francine disruptions, ending weekly decline despite demand concerns

Brent crude futures climbed by 34 cents, or 0.5 percent, reaching $72.31 per barrel

World Utilities Congress 2024 to begin on September 16 in Abu Dhabi

Event to address energy and water challenges and integrated cross-border cooperation

Abu Dhabi’s Mubadala Energy expands Indonesia operations with new Central Andaman license

Company confirmed the successful and safe completion of the South Andaman drilling campaign, with the appraisal of the Layaran discovery

Abu Dhabi’s NMDC Energy starts trading on ADX following 31.3 times IPO oversubscription

The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each

Saudi Aramco announces agreements with key Chinese partners

Aramco's agreement with Hengli Group enables talks for a potential 10 percent stake acquisition

Oil prices surge amid hurricane Francine concerns, yet demand worries temper gains

Brent crude futures for November rose by 40 cents, or 0.6 percent, reaching $71.01 per barrel