Skip to main content Skip to footer ![Oil prices climb to $81.63, 0.4 percent surge driven by strong Chinese economic data](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Oil-prices-3.jpg/w=1024,h=683)
Crude oil WTI futures expiring in March rose 0.5 percent to $78.24 a barrel
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The agreement seeks to achieve 35 percent renewable energy in power generation by 2030 and 50 percent by 2040
![ADNOC and AIQ launch ENERGYai: Revolutionary AI solution for energy sector efficiency, optimization](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/adnoc-aiq-agentic-1.jpg/w=1024,h=682)
The trial showed ENERGYai provides insights in natural language, enabling effective engineer interaction
![Masdar City: Abu Dhabi Future Energy Company to establish global headquarters at The Link](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Masdar-City-The-Link.jpg/w=1024,h=683)
Scheduled for 2025, the development includes five buildings with the region's first net-zero energy shared facilities
![OPEC projects 1.4 million barrels per day increase in oil demand for 2026](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/OPEC-oil-forecast.jpeg/w=1024,h=683)
The 2026 outlook matches OPEC's long-term view that oil consumption will keep increasing over the next two decades
![ADNOC Gas, Baker Hughes partner on world’s first deployment of carbon capture tech from Levidian](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/ADNOC-Gas-1.jpg/w=1024,h=682)
The LOOP unit is capable of producing more than 1 ton per annum of graphene and 1 ton per annum of hydrogen
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Crude oil WTI futures expiring in March rose 0.4 percent to $79.01 a barrel
![Abu Dhabi’s Tadweer Group launches 40 percent emission reduction plan by 2035](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Tadweer-1.jpg/w=1024,h=683)
Tadweer Group is poised to make significant strides in environmental responsibility
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The agreement seeks to boost energy security, sustainable development, and clean energy transition in the Mediterranean
![Saudi Arabia, Italy sign MoU to strengthen renewable energy collaboration](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Saudi-Arabia-Italy-1-1.jpeg/w=1024,h=683)
The agreement also covers petroleum, natural gas, and both conventional and transitional fuels
![ADSW 2025: UAE launches Global Energy Efficiency Alliance, studies green certificates for buildings](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/UAE-energy-sustainability-certificates.jpeg/w=1024,h=683)
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](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Masdar-clean-energy.jpg/w=1024,h=683)
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](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Oil-prices-1.jpg/w=1024,h=682)
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](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/OPEC-headquarters-in-Vienna.webp/w=1024,h=683)
Since October 2022, the organization has cut crude oil production by 5.8 million barrels per day
![World Future Energy Summit 2025 opens in Abu Dhabi: UAE ministers, high-profile speakers to discuss energy transition](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/World-Future-Energy-Summit-2025.jpg/w=1024,h=683)
With 400+ exhibitors showcasing next-gen tech
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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](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Oil-prices.jpg/w=1024,h=684)
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](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Sheikh-Khaled-Brazil-1.jpeg/w=1024,h=596)
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.](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Oil-prices-14.jpg/w=1024,h=682)
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](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/ADNOC-Gas.jpg/w=1024,h=683)
Investment is part of the ADNOC Gas $15 billion CAPEX plan through 2029
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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](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Oil-prices-6.jpg/w=1024,h=683)
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](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/PCFC-LNG.jpg/w=1024,h=683)
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](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/Oil-prices-1-2.jpg/w=1024,h=683)
West Texas Intermediate crude futures also rose by 0.5 percent to $73.97 a barrel