Energy

Abu Dhabi: EAD introduces carbon MRV program to accelerate climate action

This initiative aims to accelerate the emirate's transition to a low-carbon economy and decarbonize high-emission sectors

Oil prices steady at $73.22 and $69.19 amid holiday trading slowdown

Year-end profit-taking and portfolio rebalancing contributed to the lower trading volumes

Saudi Arabia’s non-oil exports rise by 12.7 percent in October

National non-oil exports, excluding re-exports, saw a rise of 5.1 percent

Crude oil prices rise 0.2 percent on new China stimulus, U.S. inventory declines

Brent oil futures increased by 0.2 percent, reaching $73.71 a barrel

DEWA reveals $1.9 billion smart grid initiative to enhance efficiency

Using AI and IoT, the smart grid ensures efficient, reliable, and sustainable operations

UAE-Croatia bilateral trade surges to $78.9 million in H1 2024, up 44.8 percent

UAE non-oil trade with Croatia reaches $110.7 million in 2023

Sharjah approves $11.4 billion budget for 2025, largest in emirate’s history

The budget empowers agencies to fund initiatives, provide housing for citizens, and upgrade tourism infrastructure

CBUAE forecasts real GDP growth: 4 percent in 2024, rising to 5.5 percent by 2026

Non-oil GDP growth is projected to remain robust at 4.9 percent in 2024 and 5.0 percent in 2025

Crude oil prices edge up 0.4 percent amid supply concerns and demand focus

Brent oil futures for February rose by 0.4 percent to $72.91 a barrel

Oil prices rise 0.4 percent amid U.S. shutdown relief, positive inflation trends

Brent crude futures for February rose by 0.4 percent to $73.20 a barrel

Crude oil prices face weekly decline of over 2 percent amid Fed’s demand concerns

Brent oil futures set to expire in February slipped 0.5 percent to $72.49 a barrel

OPEC Fund signs first loan agreement with Montenegro for $52 million to enhance climate initiatives

The loan is aimed at enhancing fiscal sustainability and facilitating the green transition in the southeastern European nation

ADNOC Logistics & Services acquires 20 offshore assets in 2024

The company reported 51 percent revenue growth in integrated logistics for 2024

Crude oil prices fall 0.6 percent following Fed’s 0.25 basis point rate cut

Brent oil futures for February delivery decreased by 0.5 percent to $73.02 per barrel

DEWA’s Green Hydrogen Project cuts CO2 emissions by over 40 tons in transportation sector

The station can fuel about 50 fuel-cell electric vehicles in roughly eight minutes each

Crude oil prices show little movement ahead of Fed meeting

Brent oil futures for February delivery held steady at $73.20 a barrel

DEWA generates 45.14 TWh of power in nine months in 2024

This is an increase of 5.49 percent over the same period in the previous year

OPEC Fund authorizes nearly $1 billion in new development financing

These initiatives support global nations by improving infrastructure, food security, renewable energy, and economic resilience

Crude oil prices fall ahead of Fed meeting amid weak Chinese economic data

Brent Oil Futures decreased by 0.2 percent, settling at $73.81 per barrel

Arcius Energy: XRG and bp launch new natural gas joint venture 

Announced in February 2024, bp holds 51 percent and XRG, ADNOC's firm, 49 percent

Crude oil prices dip amid cautious market sentiment and Fed meeting

Brent Oil Futures expiring in February fell 0.3 percent to $74.28 a barrel

The UAE hikes its climate ambitions in submission to the UN

In its updated NDC, the country aims to reduce greenhouse gas emissions by 47 percent by 2035 compared to 2019 levels

How Siemens Energy powers the UAE’s net-zero journey

From partnering with key organizations like ADNOC and DEWA to preparing the Emirati youth

Oil prices dip amid supply surplus expectations and China’s stimulus efforts

Brent oil futures fell by 0.1 percent to $73.34 per barrel