- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
Oil prices are falling due to trade disputes between Washington and Beijing
According to Reuters, oil prices fell after the start of new tariffs imposed by the United States and China, raising fears that this will adversely affect the global growth and reduce the demand for oil.
Brent crude fell to $ 58.83 a barrel and US West Texas Intermediate fell to $ 54.83 a barrel.
The administration of US President Donald Trump has begun to impose a 15% tariff on Chinese imports worth more than $125 billion, including smartphones, Bluetooth headsets and many kinds of shoes.
In response, China has begun to impose duties on some US goods on a $75 billion target list.
The Organization of the Petroleum Exporting Countries (OPEC) output rose in August 2019 for the first month of this year as increased production from Iraq and Nigeria overcame restrictions imposed by Saudi Arabia and oil losses caused by US sanctions on Iran.
