Energy

Aramco CEO: Transitioning to net-zero emissions could incur costs of up to $200 trillion

Nasser stated that history shows new energy sources complement rather than replace traditional oil and gas

ADNOC’s XRG proposes $18.7 billion acquisition of Australia’s Santos

Deal gives Santos an enterprise value of A$36.4 billion, which would make it the largest all-cash corporate buyout in Australian history

Leadership drives the UAE’s AI energy transition

The synergy between visionary leadership and advanced technologies is set to transform the energy sector

UAE, Saudi Arabia venture into the U.S. LNG space

Gulf countries are expanding their overseas presence and creating partnerships as part of growth plans

Crude oil prices surpass $74.85 as Middle East tensions intensify

Concerns grow over potential disruptions in the Strait of Hormuz, impacting global oil supply

Egypt to launch two new oil wells this June, adding 5,400 barrels daily

Initiative aligns with Egypt's strategy to enhance local crude oil and gas production.

Oil prices surge over 8 percent as Middle East tensions escalate

The latest developments in the region require the oil market to price in a larger risk premium for any potential supply disruptions

Oil prices dip to $69.48 despite heightened Middle East security risks

A geopolitical premium that keeps Brent above $65 per barrel will likely persist until further clarity on U.S.-Iran talks

Borouge, ADNOC L&S ink $531 million deal to boost growth of UAE petrochemical exports

ADNOC L&S will manage the transportation of up to 70 percent of Borouge’s annual production

Crude oil prices dip yet stay above $66.75 as OPEC+ plans production increase

OPEC+ plans to increase oil production by 411,000 barrels per day starting in July

ADNOC Gas awards $5 billion in contracts for first phase of Rich Gas Development Project

Company intends to take FIDs on two additional phases of the Rich Gas Development project at Habshan and Ruwais

Crude oil prices climb above $67.2 as U.S.-China trade talks show promise

U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal

Crude oil prices steady above $66.4 as market eyes U.S.-China trade discussions

China is set to release key economic data amidst worries about domestic demand strength 

Crude oil prices fall to $65.40 as OPEC+ output rises despite concerns over Canadian supply

OECD revised down its global growth forecast due to the impacts of trump's trade war

Saudi Aramco completes $5 billion bond issuance

Bond issuance was structured in three tranches as part of its Global Medium Term Note Program 

Crude oil prices rise above $64.85 driven by OPEC+ decision, supply fears

Wildfires in Alberta temporarily shut down oil production, further heightening supply concerns

From vision to action: How the WEF is mobilizing global efforts for the clean energy transition

An interview with Roberto Bocca, head of Energy and Materials at WEF, on responsible renewables, AI’s role, and the urgency of power system transformation

UAE fuel prices reveal minor changes as diesel rates decrease in June 2025

Special 95 petrol is steady at AED2.47 per litre, mirroring May’s pricing for motorists

Qatar’s UCC Holding inks $7 billion deal with Syria to build five power plants

Qatar-led projects are expected to provide over 50 percent of Syria’s electricity needs

Abu Dhabi to invest over $10 billion to power data center industry, says TAQA CEO

Announcement aligns with TAQA's broader strategy to provide clean, certified and reliable energy for critical infrastructure

Oil falls 0.48 percent, prices set for weekly drop with tariffs and OPEC+ in focus

U.S. President Donald Trump's tariffs will remain in effect after a federal appeals court temporarily reinstated them

Sheikh Khaled reviews latest innovations in water and electricity management at World Utilities Congress 2025

The three-day congress featured discussions on digital transformation and renewable energy solutions 

Abu Dhabi’s Mubadala, TAQA finalize acquisition of Talimarjan power plant to enhance energy supply in Uzbekistan

The acquisition aims to advance Uzbekistan's energy sector privatization and local market enhancement

OPEC+ establishes new mechanism for evaluating maximum sustainable production capacity

Current production levels will remain in place through the end of December 2026, ensuring stability