Category :Energy

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 a barrel

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

Energy News Oil & Gas World

Oil rises as tight market looks to Russian-Western diplomacy

Global Business Magazine February 21, 2022

Oil prices rose slightly on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that Read More

Energy News Regional

UAE firm-led consortium eyes $1.5 Billion Solar Powered Desalination Plant in Egypt

Global Business Magazine February 18, 2022

STANDFIRST: The UAE-headquartered Metito Holdings Ltd., Norway’s Scatec Solar and Egypt’s Orascom Construction are in talks with Egypt to construct Read More

Energy News Oil & Gas Regional

Qatar LNG exports down on mega train unplanned outage

Global Business Magazine February 18, 2022

Exports of liquefied natural gas (LNG) from Qatar's Laffan liquefaction plant have been lower over the past few days as one of Read More

Energy News Oil & Gas World

Oil slides 2% as Iran talks offset Ukraine crisis

Global Business Magazine February 18, 2022

Oil prices fell about 2% on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages and could unlock Read More

Environment Energy News World

Facing Texas pushback, BlackRock says it backs fossil fuels

Global Business Magazine February 18, 2022

At the risk of being dropped from Texas pension funds, BlackRock Inc (BLK.N) has ramped up its message that the world's Read More

Energy News Oil & Gas Regional

IEA’s Birol again urges OPEC+ to narrow gap between oil targets and output

Global Business Magazine February 16, 2022

The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to narrow the gap between their oil Read More

Energy News Regional World

Tighter oil market confirmed by IEA demand revision

Global Business Magazine February 15, 2022

An upward revision in historical oil demand by the International Energy Agency in its monthly report points to a tighter global market Read More