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OPEC
UAE Denies It Is Engaging in Discussion With Other OPEC+ Members to Change Their Latest Agreement - Minister
United Arab Emirates' energy minister said on Monday that the Gulf state denied that it is engaging in any discussion with other OPEC+ members to change their l…
Oil Price
Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors
Saudi Arabian officials are denying the news that OPEC is considering a 500,000 bpd output hike.
United Arab Emirates
Jordan, Israel, UAE Tie Up to Advance Project Prosperity
The countries seek to develop clean energy and sustainable water desalination.
Oil & Gas Supply
The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”
Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted…
Crude Oil
Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut
Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut produ…
Crude Oil
Saudi Energy Minister Stresses the Importance of Oil Security
The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.
Wind Power Project
UAE’s Masdar Signs on 10GW Wind Project in Egypt
Renewable energy company Masdar, renewable energy developer Infinity Power and Hassan Allam Utilities have signed a Memorandum of Understanding (MoU) to develop…
Wind Farm
COP27: UAE and Egypt Agree to Build One of World's Biggest Wind Farms
The presidents of the United Arab Emirates (UAE) and Egypt witnessed the signing of an agreement on Tuesday to develop one of the world's largest onshore wind p…
South Korea
South Korea, Saudi Arabia Eye Continued Cooperation for Energy Supply Chain
The two markets aim to collaborate on oil and hydrogen.
Carbon Emissions
COP27: UAE Says Will Carry on Pumping Oil Responsibly
The United Arab Emirates will be a responsible supplier of oil and gas for as long as the world needs.
Carbon Emissions
Saudi Arabia Commits $2.5 Bln to Middle East Green Initiative - Crown Prince
Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy o…
Energy Technology
Rolls-Royce Provides Uninterruptible Power Systems for Saudi Supercomputer
Rolls Royce will deliver mtu Kinetix PowerPacks for a supercomputer in Saudi Arabia where, in the event of a power outage, the constantly rotating accumulator w…
Oil Price
Saudi Arabia Cuts Oil Prices for Asia
Saudi Arabia has lowered its official selling prices for oil for all its Asian clients, with the flagship Arab Light for December delivery now priced $0.40 lowe…
Rolls-Royce Provides Power Supply for Supercomputer in the Middle East
Rolls-Royce has commissioned the first six mtu Kinetic PowerPacks for the Shaheen supercomputer located at King Abdullah University for Science and Technology (…
Crude Oil
UAE Believes the Oil Industry Is in “Decline Mode”
Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.
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