- QatarEnergy signs MoU for gas cooperation with Egypt in the Eastern Mediterranean
- Aramco Chief: Saudi Arabia working to increase oil exports to more than 5 million bpd
- IMF, World Bank, others warn Middle East war is straining energy supplies
- UAE leaves OPEC in blow to global oil producers’ group
- Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports
- Libya signs preliminary agreement with Chevron to assess shale oil and gas resources
- Middle East conflict could cause 120 bcm of LNG supply loss from 2026-2030, IEA says
- Loss of energy output in MidEast will take about two years to recover, IEA says
- Egypt and Cyprus sign framework agreement for cooperation on gas
- Italy hopes to receive more gas from Algeria, Meloni says
News
UAE – Mohamed Alabbar removes all job titles from Emaar Group staff
Mohamed Alabbar removes all job titles from employees of Emaar Group for Development, Administrative and Real Estate Services. The company based in Dubai with 60 subsidiaries and wide operations in...
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OPEC+ Group is preparing to pump more oil in short term
When global demand for oil decreased last spring, the OPEC + coalition which includes 23 countries led by Saudi Arabia and Russia, managed to control the market and prevent prices from continuing to...
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Libya NOC Calls for Demilitarization of Oil Installations
The “National Oil Corporation” in Libya appealed to all the conflicting parties calling on them to “demilitarize the oil facilities” so that their workers can carry out their...
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Emirati Dana Gas Seeks to Sell Its Assets in Egypt to Pay off the Sukuk
The UAE Company, Dana Gas, plans to use the revenues from its assets in Egypt that it is trying to sell to pay its Sukuk. These are the assets that are located on the shore in the Nile Delta without...
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The International Energy Agency: Clean Energy is more elastic in facing Covid-19 virus compared to fossil fuels
The International Energy Agency believes that renewable energy will be the single most elastic source in the face of the biggest shock to the global energy sector in 70 years due to the Covid-19,...
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Oman towards reducing its oil production to comply with OPEC+ agreement
Oman is heading to reduce oil production from its six largest blocks of production by 23% from the levels of the basic production line, as it produced 883,000 barrels per day in October 2018, to...
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G20 leaders pledge to support developing countries against the Corona pandemic
At the end of an emergency summit held via video, G20 leaders pledged to pump 5 trillion dollars into the global economy, to face the effects of the Corona “Covid-19” pandemic, and to...
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The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?
The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices. The group had reached the agreement a few days ago in a...
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IEA experts discuss improving energy efficiency in response to the Covid-19 crisis
The International Energy Agency (IEA) on Tuesday, April 21, 2020 coordinated a meeting of the Global Committee for Urgent Action on Energy Efficiency to discuss the vital role which can play in...
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The Saudi Cabinet declares its solidarity with the OPEC+ allies and other oil producers to stabilize the oil markets
The Council of Ministers in the Kingdom of Saudi Arabia stated on Tuesday, April 21, 2020, that the Kingdom is monitoring oil markets and is ready to take additional measures to achieve stability in...
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