Energy Intelligence balances show the world should have enough crude oil through 2023 if some spare capacity is tapped, with a wider margin of error if an Iran nuclear deal can be clinched. Tepid demand from still-high prices for […]
DUBAI, United Arab Emirates — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The […]
(Bloomberg) — OPEC+ responded to months of diplomatic efforts from US President Joe Biden with one of the smallest oil production increases in its history. The cartel will add only 100,000 barrels a day of […]
DUBAI, July 29 (Reuters) – Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman met Russian Deputy Prime Minister Alexander Novak on Friday in Riyadh, the Saudi energy ministry said on Twitter. The two discussed the […]
Biden went to Saudi Arabia to beg for oil, came away empty-handed, and ironically slammed the United States energy markets the very next day. Tuesday morning Amos Hochstien said in an interview on CNN the […]
Saudi Arabia is set to double the capacity amount in renewables tenders this year and in 2023, setting the stage for faster growth in mostly solar and wind projects in the Middle East after lagging […]
Slowing global oil demand growth next year, spiking food prices, and fears of recession in major oil-importing countries are set to slow economic growth in the Middle East, whose major oil producers are enjoying this […]
During US President Joseph Biden’s trip to Saudi Arabia, the world was so focused on how Crown Prince Mohammed bin Salman would respond to his plea to pump more oil immediately that it missed a […]
Last May, the Saudi minister of energy warned that “the world is running out of energy capacity at all levels.” More recently, in a chat with U.S. President Joe Biden, French President Emmanuel Macron reportedly […]
Dubai, 16 July (Argus) — An “unrealistic” energy transition strategy that excludes hydrocarbons could fuel a surge in inflation and energy costs, Saudi Crown Prince Mohammed bin Salman warned today. “Adopting unrealistic policies to reduce […]
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