Arab

Saudi Arabia

MENA Fund to Increase Saudi Investments with Eye to Recovery

Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, betting on the kingdom’s ability to bounce back from the coro…

Energy Storage Battery

Finding the Right Role for Battery Storage in the Middle East

Based in the United Arab Emirates (UAE), Dr Imran Syed is head of industrial power for Enerwhere, designing and implementing hybrid systems that use energy stor…

Solar Power Plant

EWEC Awards Contract for 2GW Solar Power Plant Project in UAE

The Emirates Water and Electricity Company has awarded a contract to a development consortium for a 2GW solar power plant located in the UAE.

Oil & Gas Trade

Saudi Oil Exports Down by Nearly $12 billion Year-on-year in May

The value of Saudi Arabia’s oil exports dropped by 65% year-on-year in May, or a fall of nearly $12 billion, official data showed on Thursday.

Saudi Arabia

Saudi Arabia’s Oil Exports Fall 65% in May, WTI Regains $42

Citing official data, Oil exports from Saudi Arabia, the OPEC’s top producer, fell by 44,277 million riyals (USD12 billion) or 65.0% in May 2020.

Oil & Gas Trade

Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets

Urge the federal government to investigate and take appropriate action against Saudi Arabia and Russia for excessive crude dumping.

Oil & Gas Trade

Tanker off UAE Sought by US Over Iran Sanctions ‘Hijacked’

An oil tanker sought by the U.S. over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates.

Energy Technology

Green Hydrogen Project to Use Topsoe Ammonia Technology

A US$5 billion dollar green hydrogen production facility to be sited in NEOM, Saudi Arabia, will include Topsoe's proven ammonia technology.

Crude Oil

OPEC and Russia May Ease Oil Production Cuts

Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.

Energy Technology

Air Products Announces $5bn Renewable Hydrogen to Ammonia Investment

US industrial gas and chemical business Air Products has announced a $5bn joint investment in a chemical production plant in Saudi Arabia powered by 4GW of rene…

Energy Technology

JV Launched to Pair 4GW With ‘World’s Largest Green Hydro Project’ in Saudi Arabia

A joint venture project has been launched to develop what intends to be the world’s largest green hydrogen project.

Crude Oil

Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts

Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…

Oil & Gas Trade

Saudi Oil Exports Down by $12 Billion Year on Year in April

The value of Saudi Arabia's oil exports dropped by 65.4 per cent in April when compared to the same month a year earlier, or a fall of about $12 billion.

Wind Power Project

APICORP Invests in Jordan Wind Project Company

Multilateral development bank Arab Petroleum Investments has invested in wind energy venture Jordan Wind Project Company.

Oil Price

OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020

Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.