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Oil Price
Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low
Saudi OSPs to Asia hit 10-month low amid slowing physical demand.
United Arab Emirates
New UAE Law Regulates Renewables Production Units Link to Grid
This is in line with UAE’s plan to diversify renewable energy sources.
Natural Gas
Saudi Arabia Makes More Unconventional Gas Discoveries
Saudi Arabia’s oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country.
Crude Oil
UAE Brings Forward Oil Production Capacity Expansion to 2027
The board of Abu Dhabi's ADNOC endorsed plans on Monday to bring forward the company's five million barrel per day oil production capacity expansion to 2027 fro…
Crude Oil
UAE's ADNOC to Cut 5% of Dec Crude Volumes to Term-Buyers in Asia - Sources
Abu Dhabi National Oil Company (ADNOC) will cut 5% of the December crude oil supply to some term-lifters in Asia but will provide full contractual volumes in Ja…
Saudi Arabia
Saudi, Iraqi Energy Ministers Meet, Review Oil Markets
The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023.
Saudi Aramco Signs Agreements Worth $11BN With Manufacturers
The move could create 5,000 jobs in Saudi Arabia over the next decade
Distributed energy
UAE Issues Law to Regulate Linkage of Renewable Energy Production Units to the Grid
The legislation seeks to contribute to the country’s efforts towards achieving net zero emissions by 2050
OPEC
UAE Denies It Is Engaging in Discussion With Other OPEC+ Members to Change Their Latest Agreement - Minister
United Arab Emirates' energy minister said on Monday that the Gulf state denied that it is engaging in any discussion with other OPEC+ members to change their l…
Oil Price
Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors
Saudi Arabian officials are denying the news that OPEC is considering a 500,000 bpd output hike.
United Arab Emirates
Jordan, Israel, UAE Tie Up to Advance Project Prosperity
The countries seek to develop clean energy and sustainable water desalination.
Oil & Gas Supply
The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”
Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted…
Crude Oil
Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut
Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut produ…
Crude Oil
Saudi Energy Minister Stresses the Importance of Oil Security
The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.
Wind Power Project
UAE’s Masdar Signs on 10GW Wind Project in Egypt
Renewable energy company Masdar, renewable energy developer Infinity Power and Hassan Allam Utilities have signed a Memorandum of Understanding (MoU) to develop…
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