Energy

OPEC’s boosted global demand forecasts dampen concerns, fuel oil price surge

The report comes ahead of the scheduled meeting of OPEC+ on Nov. 26

Diminishing demand from US, China prompts oil price decrease

Prices of Brent and WTI crude futures both saw declines

Qatar’s gas deals establish global market dominance

Country plans to increase its LNG production capacity by more than 60 percent

Qatar economy to slow down in ’23, pick up in ‘26

Hydrocarbon prices are expected to work in Qatar’s favor

Al Masaood Group Industrial expands portfolio

New engineering products and manufacturing services introduced at ADIPEC

Oil prices rebound despite agreement with Venezuela

Reduction in oil inventories pushes the United States to take swift action

Gulf’s commitment as secure, reliable energy provider reaffirmed by Saudi Crown Prince

Looks forward to strengthening economic ties between ASEAN and GCC

ACWA Power achieves financial closure for ten $14 bn projects

Including renewable energy, desalination and green hydrogen

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