Energy

Oil prices climb to $81.63, 0.4 percent surge driven by strong Chinese economic data

Crude oil WTI futures expiring in March rose 0.5 percent to $78.24 a barrel

Abu Dhabi’s Masdar expands into Philippines: New 1 GW renewable energy projects to boost clean energy goals

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

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

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

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

The LOOP unit is capable of producing more than 1 ton per annum of graphene and 1 ton per annum of hydrogen

Oil prices rise to $82.35 amid soft U.S. inflation, tightening global supply concerns

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

Tadweer Group is poised to make significant strides in environmental responsibility

ADSW 2025: UAE, Italy, and Albania forge strategic partnership for cross-border green energy cooperation

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

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

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