Arab

Oil Price

UAE Fuel Prices Increase by 11% in March; Cross Dh3-Mark Per Litre

The UAE on Monday increased oil prices for March 2022 by up to 11 per cent per litre as compared to February, in line with the surge in global crude prices due …

Crude Oil

Saudi Arabia May Raise April Crude Prices to Asia to All-Time Highs

Top oil exporter Saudi Arabia may sharply hike prices of crude for Asia in April.

Solar Power Panel

These Solar Panels Pull in Water Vapor to Grow Crops in the Desert

Using a unique hydrogel, scientists in Saudi Arabia created a solar-driven system that successfully grows spinach by using water drawn from the air while produc…

OPEC

Saudi Crown Prince Says Kingdom Still Committed to OPEC+ Oil Agreement with Russia

Saudi Arabia remains committed to OPEC+ agreement, Crown Prince Mohammed bin Salman told French President Emmanuel Macron Feb. 27, in an endorsement for the blo…

Oil & Gas Supply

Could Russia’s Invasion Of Ukraine Spark Another Arab Spring?

Russia and Ukraine are major exporters of food and agricultural products, and if these products are disrupted then there could be significant unrest in the MENA…

Natural Gas

Saudi Arabia Announces Discovery of Five Natural Gas Fields

Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as th…

Natural Gas

Saudi Arabia Discovers Natural Gas in Different Locations

Saudi Aramco, the world’s largest oil-exporting company, has discovered a number of new natural gas fields in different regions of the country, according to th…

Saudi Arabia

Saudi, European, American Officials Discuss Iran's Nuclear File

Saudi Foreign Minister Prince Faisal bin Farhan bin Abullah held talks on Sunday with several ministers and political leaders on the sidelines of the Munich Sec…

Oil Price

Arab Oil Producers Say OPEC+ Should Stick to Current Output Agreement

OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output, ministers of Arab oil-producing countries said on Sunday…

Saudi Arabia

Aramco Shares Switch May Boost Saudi Renewables

Saudi Aramco, the world's largest oil-exporting company, transferred 4% of its shares to the kingdom's Public Investment Fund, which is expected to use the proc…

Sumitomo Electric Secures US$200M Worth 400 kV High-Voltage Direct Current Submarine Cable Project in UAE

Sumitomo Electric Industries, Ltd. has received a limited notice to proceed (LNTP) from Samsung C&T Corporation to deliver a high-voltage direct current (HVDC) …

Crude Oil

Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges

Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel.

Thailand, Saudi Arabia Restore Diplomatic Ties

Thailand and Saudi Arabia have agreed to patch up diplomatic relations during a visit by the Thai prime minister to Riyadh on Tuesday.

Carbon Neutral

International Project Management Forum Reaffirms UAE's Endeavors to Become Carbon-Neutral by 2050

The United Arab Emirates has reaffirmed determination to achieve carbon neutrality by 2050 a the 7th Dubai International Project Management Forum, which opened …

Natural Gas

Saudi Arabia’s Gas Production Hits Record-High

Saudi Arabia has grown its natural gas production by 30 percent in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020