- Saudi Arabia: Significant Increase in New and Renewable Energy
- President Putin: OPEC+ alliance expects oil demand to rise this summer
- Kuwait: Preparing for the Kuwait Oil and Gas Conference and Exhibition in February 2026 (KOGS 2026)
- Iraq: French company Total is implementing the "Shams Basra" project of 1,000 megawatts of renewable energy.
- UAE: Sultan Al Jaber Discusses Strengthening Cooperation with China in Energy and Industry Sectors
- Saudi Arabia and Kuwait Announce New Oil Discovery in the Divided Zone
- HE Minister Saad bin Sherida Al Kaabi meets with heads of the energy sector in China.
- OPEC Maintains Global Oil Demand Growth Forecast at 1.3 Million Barrels Per Day in 2025
- Al Mazrouei: The UAE has become a global model for energy efficiency
- Kuwait: Kuwaiti-Chinese Cooperation in the Petrochemical Industry
-
Saudi Arabia: Significant Increase in New and Renewable Energy
Saudi Arabia: Significant Increase in New and Renewable Energy Reports from MEES indicate that Saudi Arabia is poised to overtake its neighbor, the United Arab Emirates, as the largest source of renewable energy in the Gulf Cooperation Council (GCC) countries this year, 2025. This is because the...
-
President Putin: OPEC+ alliance expects oil demand to rise this summer
A few days ago, Russian President Vladimir Putin stated that the OPEC+ group, which includes major oil producers including Russia, expects global demand to increase in the coming summer months. He added that the group may continue to approve significant production increases. According to Reuters,...
-
Kuwait: Preparing for the Kuwait Oil and Gas Conference and Exhibition in February 2026 (KOGS 2026)
KOGS 2026 is where the energy industry converges to shape solutions, share knowledge, and drive forward the transformation toward a more sustainable, efficient, and resilient energy future! The 2026 Kuwait Oil & Gas Show (KOGS) will be held in Kuwait City from 3–5 February 2026, convening...
-
Iraq: French company Total is implementing the "Shams Basra" project of 1,000 megawatts of renewable energy.
According to the Iraqi News Agency (INA), the French company Total is implementing a giant solar energy project in Iraq, the “Shams Basra” project, which includes 2 million solar panels and has a production capacity of 1,000 megawatts. Iraqi Minister of Electricity, Ziyad Ali Fadhil,...
-
UAE: Sultan Al Jaber Discusses Strengthening Cooperation with China in Energy and Industry Sectors
China is the UAE’s leading trading partner, with total trade exceeding $100 billion (by 2024). In this context, during a working visit to China, Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC Group, and Chairman of Masdar, met...
Saudi Arabia: Signif...
Saudi Arabia: Significant Increase in New and Renewable Energy Reports from...
Read more
President Putin: OPE...
A few days ago, Russian President Vladimir Putin stated that the OPEC+ group,...
Read more
Kuwait: Preparing fo...
KOGS 2026 is where the energy industry converges to shape solutions, share...
Read more
Iraq: French company...
According to the Iraqi News Agency (INA), the French company Total is...
Read more
UAE: Sultan Al Jaber...
China is the UAE’s leading trading partner, with total trade exceeding...
Read more
Saudi Arabia and Kuw...
A few days ago, the governments of the Kingdom of Saudi Arabia and the State of...
Read more
HE Minister Saad bin...
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy...
Read more
OPEC Maintains Globa...
The Organization of the Petroleum Exporting Countries (OPEC) maintained its...
Read moreTraining
-
IEG: SUSTAINABLE WAS...
The Global Water Expo section of the Italian Exhibition Group exhibition is expanding and brings...
Articles
-
International variables cast a...
The International Energy Agency expected the global demand for oil to increase to about 102 million...
-
World Bank: Global debt to exc...
Reports from the World Bank and the International Finance Corporation indicate that the global debt...
-
IEG: ECOMONDO AND KEY ENERGY 2...
Over 80 live talk events on the calendars of Ecomondo and Key Energy, being held from 3rd to 6th...
-
In Italy, Ecomondo and Key Ene...
Rimini (Italy) 20th July 2020 – The potential for windpower in North Africa, the transition...
-
The dangers surrounding OPEC I...
During the first half of 2020, the world has suffered from three strong crises (one after the...
-
Overview of the LNG Latin Amer...
Natural gas is the purest and cleanest fossil fuel that exists, it generates fewer emissions than...
-
Chevron expects to restore pro...
After four and a half years, the Wafra oil field is set to resume production soon. Ed Colina,...
-
Basic Concepts of World Petrol...
Mohamed Hassan Salem Oil and Gas Economic Expert Head of “Middle East Center for Energy...
-
Oil and Gas Situation in Kuwa...
Oil and Gas Situation in Kuwait Mohamad Hassan Salem Chairman/ Middle East Center for Energy...
-
An Era of Energy Insecurity: T...
An Era of Energy Insecurity: The Global Oil Market in its New Geopolitical Context Dr. Pierre...
-
Deepwater Horizon oil rig expl...
Deepwater Horizon oil rig explosion Oil Spill from Macondo Well into the Gulf of Mexico A sign for...
Oil & Gas Prices of Today
| Crudes | $/B |
| Brent | 67.04 |
| WTI | 65.35 |
| OPEC Basket | 68.35 |
| Natural Gas | $/MMBTU |
| Natural Gas (Nymex) | 3.418 |
Primary Energy Resources (%)
|
(Share) |
(Share) |
|
| Oil | 33.0% | 31.2% |
| Gas | 24.2% | 24.7% |
| Coal | 27.0% | 27.2% |
| Nuclear | 4.3% | 4.3% |
| Hydro | 6.4% | 6.9% |
| Renewables | 5.0% | 5.7% |
| Total Resources | 100% | 100% |
Top 10 World Oil Reserves
| Countries | Oil (Billion bbl) | % of World total | R/P ratio (Years of lifetime) |
| Venezuela | 304 | 17.5 | * |
| S. Arabia | 298 | 17.2 | 69 |
| Canada | 168 | 9.7 | 82 |
| Iran | 158 | 9.1 | 121 |
| Iraq | 145 | 8.4 | 83 |
| Russian F. | 108 | 6.2 | 26 |
| Kuwait | 102 | 5.9 | 93 |
| UAE | 98 | 5.7 | 67 |
| USA | 69 | 4.0 | 11 |
| Libya | 48 | 2.8 | 108 |
Notes:
- - Proved reserves as of 1.1.2021 (BP Annual Statistical Review of 2021)
- - * more than 500 years
- - Reserves include gas condensates and NGL’s as well as crude oil
Top 10 World Gas Reserves
| Countries | N. Gas (Trillion CF) | % of World total | R/P ratio (Years of lifetime) |
| Russia fed. | 1321 | 19.88 | 56 |
| Iran | 1134 | 17.07 | 131 |
| Qatar | 871 | 13.11 | 139 |
| Turkmanstan | 480 | 6.71 | 309 |
| USA | 446 | 6.71 | 14 |
| China | 297 | 4.47 | 47 |
| Venezuela | 221 | 3.33 | 238 |
| Saudi Arabia | 213 | 3.20 | 53 |
| UAE | 210 | 3.16 | 95 |
| Nigeria | 193 | 2.91 | 109 |
| Iraq | 125 | 1.87 | - |
| Azribejan | 88 | 1.33 | - |
| Australia | 84 | 1.27 | - |
| Canada | 83 | 1.25 | - |
| Algeria | 81 | 1.21 | - |
| Kazakhistan | 80 | 1.20 | - |
| Egypt | 76 | 1.14 | - |
| kuwait | 60 | 0.09 | - |
| Norway | 51 | 0.08 | - |
| Libya | 51 | 0.08 | - |
Notes:
- - Proved reserves as of 1.1.2021
- - Source:BP Annual Statistical Review of 2021
