Energy

OPEC forecasts global oil demand to reach 116 mn bpd by 2045

Massive investment of $14 trn needed to meet demand surge

ADIPEC concludes with major deals and new attendance record

More than AED120 billion worth of project opportunities revealed

OPEC+ holds oil policy steady, Saudi and Russia extend voluntary cut

Market analysis planned as Russia considers oil production assessment

DEWA, ACWA Power sign $914 mn deal for desalination plant

Project aims to enhance DEWA's water desalination capacity to 730 MIGD by 2030

UAE eyes 19.8 GW clean energy by 2030: ADIPEC 2023 highlights

Key energy figures in the region call for partnerships and collaborations

UAE: OPEC+ eager to achieve stability, balance in the energy sector

Al Mazrouei's speech at ADIPEC 2023 highlighted need for oil and gas investment

Aramco acquires minority stake in MidOcean Energy worth $500,000

 Aramco has been stepping into other energy businesses

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’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

Saudi launches 5.9 GHz band for intelligent transport systems

V2X tech will help raise road safety awareness, provide guidance data

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