Commodities
It isn’t OPEC if it isn’t drama. Yet, what’s playing out now on the stage of this expanded 23-nation coalition of oil producing countries that calls itself OPEC+ is too much drama – even for […]
Saudi Arabia
Finance
ACWA Power Gets Saudi Approval to Offer 11.1% Stake in IPO
Saudi Arabia’s Capital Market Authority approved an application by ACWA Power, the kingdom’s renewable energy leader, to sell an 11.1% stake in an initial public offering. ACWA Power, also known as International Co. for Water and […]
Commodities
Iran Delays Inspection Decision: Iran Snapshot is a “Nothing Burger” impacting oil.
The threat of worldwide inflation fear, increased demand, the lower demand are all the reasons for the increased rally for oil prices. Just in the last year, we have seen Iranian attacks on oil tankers […]
ENB Pub Note
Saudi Aramco is a state-owned oil and gas company in Saudi Arabia. They are now planning to become the largest hydrogen exporter in the world.
Saudi Aramco has a smart management team. While the other supermajors are publicly running away from oil, Saudi Aramco embraces all forms of energy. At least they are upfront about their intentions. The largest oil […]
Crude Oil News
Middle East’s share of India’s oil imports hits 25-month low
NEW DELHI: The share of Middle Eastern crude in India‘s oil imports fell to a 25-month low in May, tanker data provided by trade sources showed, as refiners tapped alternatives in response to the government’s call […]
Crude Oil News
Saudi Aramco extends $10 billion loan on improved terms, sources say
New Delhi: Saudi Arabian oil giant Aramco has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters. Aramco has borrowed tens of billions of dollars in the […]
ENB Pub Note
Is The IEA’s Net Zero By 2050 Report Credible Roadmap Or Unhinged Advocacy?
Energy News Beat Publishers Note (ENB): This was a hugely significant call by the IEA, but surely also an extremely challenging one. The signs are that the market is not yet responding to the IEA’s […]
Commodities
Climate Policies Could Hand Power and Profits Back to OPEC
By Ellen R. Wald, a non-resident senior fellow at the Atlantic Council’s Global Energy Center and president of Transversal Consulting, and Jonathan H. Ferziger, a Jerusalem-based nonresident senior fellow at the Atlantic Council and a former Middle […]
Commodities
Saudi Stocks Lead Mideast Higher as Oil Extends Gains: Inside EM
Saudi Arabia’s equities index extended a winning streak to five sessions Sunday, following another positive week for crude prices. The Tadawul All Share Index climbed 0.9%, with gauges in Bahrain, Oman, Kuwait, Qatar and Israel […]
Crude Oil News
Soaring Mideast Heat May Roil Oil Market as Demand Surges
Soaring temperatures in one of the world’s top energy-producing regions could drive fuel prices higher as countries there burn more oil and natural gas to keep homes cool. Saudi Arabia, the United Arab Emirates and […]