For the last year, Saudi Arabia has largely turned a blind eye to cheaters within the OPEC+ alliance, cutting its own output more than agreed to offset over-production from the likes of Iraq and even Russia. Now, Riyadh’s had enough.
Prince Abdulaziz bin Salman, who took over from Khalid Al-...
The operating license for the United Arab Emirates’ Barakah nuclear power plant could be issued in the first quarter of 2020, followed by the start-up of the first reactor, a senior official at the industry regulator said on Wednesday.
The $24.4 billion Barakah power plant is the world’s...
OPEC countries, which are meeting next week to discuss their level of oil output, should make the right decision for the global economy, which remains “very fragile”, the head of the International Energy Agency told Reuters on Tuesday.
“It is up to OPEC countries to decide, but what I see is...
New energy investment in emerging economies slipped last year to $133 billion, far from the 2017 record of $169 billion, mostly due to a slowdown in China, BloombergNEF said in its annual Climatescope report.
China, because of is massive share in new clean energy investments globally, was...
Oil prices rose on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their bitter trade war.
West Texas Intermediate crude rose 26 cents, or 0.45% to $58.03 a barrel, having...
The semi-autonomous Iraqi region of Kurdistan may begin deliveries by early next year of around 250,000 barrels per day of crude oil to the federal government in Baghdad for exports, Iraqi Oil Minister Thamer Ghadhban said.
Under an agreement from two years ago, Kurdistan is obliged to send at...
The Energy Ministry has signed agreements with knowledge-based firms and startups in the fields of robotics and industrial automation, deputy for research and human resources at the ministry said.
“According to available statistics, the ministry is relatively in good condition in terms of...
Iraq's crude production and exports continue at full throttle despite the recent violent demonstrations in the country, but analysts said the situation bears close watching as oil fields and ports could be vulnerable to escalating protests.
Crude exports from Iraq's southern terminal on the...
Oil prices slipped for a third day on Wednesday as a surge in US stocks reinforced concerns about lackluster global economic growth, while hopes ebbed for any movement on the US-China trade war.
West Texas Intermediate crude futures erased early gains to trade down 17 cents, or 0.31%, at $55.04...
Saudi Arabia’s crude oil exports dipped to a 22-month low of 6.67 million bpd in September when the kingdom’s oil infrastructure was attacked that knocked off 5% of global daily supply for weeks.
According to data released on Tuesday by the Joint Organizations Data Initiative (JODI) database,...