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Category :Energy

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 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