Oil
The International Energy Agency expects oil demand growth to slow in 2024

The International Energy Agency (based in Paris) estimates that global oil production will increase during 2024 by about 770 thousand barrels per day, primarily due to an increase in supplies from...

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The International Monetary Fund re-selects Kristalina Georgieva as its director

The Executive Board of the International Monetary Fund has selected Ms. Kristalina Georgieva to fill the position of Director General, for a second five-year term beginning on October 1, 2024. The...

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Libya to target producing 1.4 million b/d by end 2024

In an interview with Sky News Arabia, the Libyan acting Minister of Oil and Gas, Khalifa Abdel-Sadiq, said that his country aims to increase its oil production from 1.2 million b/d currently to 1.4...

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TotalEnergies launches the Marsa LNG project and deploys it multi-energy strategy in Oman

During a visit in Muscat on 21st April 2024 Patrick Pouyanné, Chairman and CEO of TotalEnergies met with His Majesty Sultan Haitham bin Tariq Al Said and His Excellency Eng. Salim bin Nasser Al...

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H.E. Minister Al-Kaabi: Demand for oil and gas will continue for long; we have to be responsible, and Qatar is doing its part

DOHA, Qatar • 28 April 2024 – His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, took part in the World Economic Forum’s...

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Egypt to stop exporting LNG starting from the beginning of May 2024

In 2018, Egypt largely stopped importing liquefied natural gas, and has transformed from a net importer of gas to an exporter of it since late 2018, thanks to the rapid growth in gas supplies,...

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Qatar Energy is committed to LNG supplies despite the turmoil in the Red Sea

QatarEnergy confirms that Qatar’s LNG production continues uninterrupted, and its commitment to ensuring the reliable supply of LNG to its customers remains unwavering. While the ongoing...

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Sonatrach expects the country’s oil revenues to rise to 50 billion dollars this year 2022

Amid fears of a lack of supply and the repercussions of the Russian-Ukrainian crisis, Algeria benefited from the rise in global oil and natural gas prices, as its revenues jumped by about 70 percent...

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Kuwaiti Haitham Al-Ghais, the new Secretary-General of “OPEC”

Months before the end of his presidency of OPEC, the Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Muhammad Barkindo, passed away. Barkindo had served as the...

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Japan allocates $10 billion to support neighbouring countries in switching to green energy

The Ministry of Economy and Industry recently hosted the first annual meeting of the “Asia Partnership for Green Growth”, which brought together more than 20 countries, including...

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