Category :Energy

Energy News Regional

UAE sows confusion in oil market as it faces lower Russian supply

Global Business Magazine March 10, 2022

Confusing messages from No. 3 OPEC producer the United Arab Emirates about whether it supported higher output or not stoked volatility in the Read More

Energy News Oil & Gas World

Oil bounces as tight supply gives high floor to prices

Global Business Magazine March 10, 2022

Oil prices bounced on Thursday from a sharp drop in the previous session after the United Arab Emirates backtracked on statements saying Read More

Energy News Oil & Gas World

Oil falls to $125 on speculation U.S. Russia oil ban won’t worsen supply shock

Global Business Magazine March 9, 2022

Oil fell to around $125 a barrel on Wednesday as some investors took the view that the U.S. ban on Russian oil Read More

Energy News Oil & Gas World

Aramco CEO says Ukraine invasion has accelerated global energy crisis

Global Business Magazine March 9, 2022

Saudi Aramco CEO Amin Nasser said the "tragic situation unfolding in Ukraine" is making the global energy crisis worse, according to prepared Read More

Energy Featured News World

Fuel Importers Worried As LNG, Coal Prices Shoot Up In Asian Markets

Global Business Magazine March 8, 2022

With no end in sight for the Russia-Ukraine war, the prices of LNG and coal have gone up considerably during the last Read More

Energy News Oil & Gas World

OPEC meets with U.S. shale executives as oil prices skyrocket

Global Business Magazine March 8, 2022

Officials from the Organization of the Petroleum Exporting Countries (OPEC) met U.S. shale oil company executives on the sidelines of the Read More

Energy News World

Oil gains as spectre of sanctions on Russian oil spurs supply worry

Global Business Magazine March 8, 2022

Oil prices rose on Tuesday, with Brent surging past $127 a barrel, as the possibility of formal U.S. sanctions against Russian oil Read More

Energy Featured Oil & Gas Regional

Russian Aggression In Ukraine A Windfall For Global Oil Producers

Global Business Magazine March 7, 2022

Rising crude oil prices is definitely welcome news for the oil producers as the United States has been discussing with its allies Read More

Energy Featured News Regional

ADNOC Inks Pact With Proman To Set Up Methanol Production Facility

Global Business Magazine March 7, 2022

Abu Dhabi National Oil Company (Adnoc) has signed an agreement on Thursday with Proman, one of the world’s leading producers of Read More

Energy News Oil & Gas World

Oil price surges to highest since 2008 on delays in Iranian talks

Global Business Magazine March 7, 2022

Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as Read More