Category :Energy

Energy Featured News Regional

Emirates Global Aluminium Earns Record Profits in 2021

Global Business Magazine March 2, 2022

Emirates Global Aluminium, the world’s largest premium aluminium producer and the biggest industrial company in the UAE outside oil and gas, Read More

Energy News Oil & Gas World

Russian oil trade in disarray over sanctions as prices blast

Global Business Magazine March 2, 2022

Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched elsewhere for Read More

Energy Featured News Regional

UAE’s Non-Oil Trade Crosses $500 billion in 2021

Global Business Magazine March 1, 2022

The total value of the UAE’s non-oil foreign trade in 2021 amounted to nearly $520 billion, reflecting a 27% growth compared with 2020, and by 11% Read More

Energy Featured Oil & Gas Regional

Saudi Arabia Announces Discovery Of Five Major Gas Fields

Global Business Magazine March 1, 2022

In a major development, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has confirmed that the Saudi Aramco has struck five Read More

Energy Featured News World

Greenfield Capital Investments Set To Rise In Sub Saharan Africa

Global Business Magazine March 1, 2022

Greenfield capital investments in tapping gas and liquids in the Sub Saharan African region is projected to soar from $12 billion in 2021 to Read More

Energy Featured News World

Global Coal Consumption Increase Despite Pledges During COP-26 Conference

Global Business Magazine March 1, 2022

Notwithstanding the promises made to reduce global coal usage during COP-26 conference held in November last year, countries across the world increased Read More

Energy News Oil & Gas World

Oil prices soar as Ukraine conflict stokes supply concerns

Global Business Magazine March 1, 2022

Oil prices surged on Tuesday as concerns over supply disruptions after Russia's invasion of Ukraine and related sanctions outweighed talks of a Read More

Energy News Oil & Gas World

Oil soars as Russian energy supply fears intensify

Global Business Magazine February 28, 2022

Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments Read More

Energy News Oil & Gas World

Analysis: Oil’s journey from worthless in the pandemic to $100

Global Business Magazine February 24, 2022

In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared Read More

Energy Featured Oil & Gas Regional

UAE Likely To Ramp Up Oil Production in 2022

Global Business Magazine February 21, 2022

The UAE has significant capacity to ramp up oil production from current levels (2.9 Million Barrels Per Day (MBPD) at the end of Read More