Economy Middle East

Energy

Truss today in “Downing Street” .. Freezing energy bills a priority
Energy

Truss today in “Downing Street” .. Freezing energy bills a priority

Truss plan costs £130 bn for 18 months

Saudi confirms continuation of “OPEC+” pre-empting moves in oil market
Energy

Saudi confirms continuation of “OPEC+” pre-empting moves in oil market

Russia’s response to capping oil prices is more shipping to Asia

“OPEC +” decides to cut production by 100,000 barrels per day in October
Energy

“OPEC +” decides to cut production by 100,000 barrels per day in October

Oil prices jumped more than 3 percent after the decision

Oil prices jump over $1 a barrel before “OPEC+” meeting
Energy

Oil prices jump over $1 a barrel before “OPEC+” meeting

Wall Street Journal: Russia opposes plans to cut production

Energy bills enter arena of competition between Truss, Sunak
Energy

Energy bills enter arena of competition between Truss, Sunak

Truss favorite to lead Conservative Party, run Downing Street, come Monday

Another blow to inflation.. Türkiye raises electricity, gas prices
Energy

Another blow to inflation.. Türkiye raises electricity, gas prices

20% for households, 50% for the industrial sector

Fuel prices in the UAE fall again in September
Energy

Fuel prices in the UAE fall again in September

The new pricing includes 5% value added tax

Qatar plans to build $1 bn blue ammonia plant, largest globally
Energy

Qatar plans to build $1 bn blue ammonia plant, largest globally

Production to start in Q1 2026 in Mesaieed Industrial City

Elon Musk focused on launching self-driving Teslas by this date
Energy

Elon Musk focused on launching self-driving Teslas by this date

Musk also seeks to launch Starship to orbit

“OPEC+” Technical committee expects larger oil market surplus this year
Energy

“OPEC+” Technical committee expects larger oil market surplus this year

Oil demand demand faces great uncertainty

ADNOC awards AED6.72bn of agreements for drilling-related services
Energy

ADNOC awards AED6.72bn of agreements for drilling-related services

Announced contracts are largest of their kind in oil and gas

NBD: Oil markets may need to prepare for OPEC cut
Energy

NBD: Oil markets may need to prepare for OPEC cut

Main catalyst for oil price improvement is Saudi Oil Minister’s comment

A new halt to Russian gas tightens the screws on energy in Europe
Energy

A new halt to Russian gas tightens the screws on energy in Europe

Gazprom will "completely" suspend its gas deliveries to France's Engie

Expected losses from climate change valued at $5.6 tln
Energy

Expected losses from climate change valued at $5.6 tln

Manufacturing, distribution to be hit hardest and costing $4.2 trn

“OPEC +” meeting: between production cuts and stabilization
Energy

“OPEC +” meeting: between production cuts and stabilization

Concern about a global economic slowdown

Unprecedented electricity prices push the EU to “urgently intervene”
Energy

Unprecedented electricity prices push the EU to “urgently intervene”

The standard European gas price has risen 550% in past 12 months

Two BEEAH women leaders reflect on building a sustainable future
Energy

Two BEEAH women leaders reflect on building a sustainable future

Adoption of green pathways is a gender-neutral responsibility

How is Egypt readying for COP 27 and what are the crucial issues?
Egypt

How is Egypt readying for COP 27 and what are the crucial issues?

The African continent needs billions in assistance for food security

Oil prices rise slightly in anticipation of Powell’s speech today
Energy

Oil prices rise slightly in anticipation of Powell’s speech today

Saudi's statements are supported by the UAE, Sudan

Can Russian “Novatek’s” withdrawal enable oil exploration resumption in Lebanon?
Energy

Can Russian “Novatek’s” withdrawal enable oil exploration resumption in Lebanon?

The US Mediator in Beirut next week

Egypt inks 7 MoUs valued at $30bln to produce green hydrogen
Egypt

Egypt inks 7 MoUs valued at $30bln to produce green hydrogen

Companies included Saudi Al-Fanar and UAE's Alcazar

“OPEC” countries support Saudi position to reduce production at any time
Energy

“OPEC” countries support Saudi position to reduce production at any time

Nuclear negotiations with Iran and their return to oil markets

Kuwait raises oil output in line with OPEC+ to meet growing demand
Energy

Kuwait raises oil output in line with OPEC+ to meet growing demand

Al-Faris: Since 2020, OPEC+ successfully maintained oil market stability

Oil slips as fears of imminent OPEC+ output cut fade
Energy

Oil slips as fears of imminent OPEC+ output cut fade

Output cuts likely to coincide with Iran’s possible return to oil markets