Saudi Arabia’s bank stocks led gains on the benchmark Tadawul All Share Index as rising crude prices and the prospect of faster growth fanned investor confidence ahead of first-half earnings season. The Tadawul Banks sub-index rises to […]
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 […]
A recent boom in seaborne trade has left the world shipping industry scrambling to keep up with demand. With so much business, transportation companies can charge almost whatever they want—and since they’re already struggling to […]
MOSCOW: Kremlin-controlled gas giant Gazprom has held off from booking additional capacity for gas supplies via Ukraine to meet surging demand in recent months, sending a clear sign it is waiting for the Nord Stream 2 pipeline […]
LONDON/DUBAI/MOSCOW, – OPEC+ resumes talks on raising oil output on Friday after the United Arab Emirates blocked a deal the previous day, creating a standoff that could delay plans to pump more oil through the […]
Moscow: Mongolia, land-locked between two countries — Russia and China, could soon serve as an important transit country for Russian natural gas and its related supply chains, reported Asia Times. Once completed, the Soyuz Vostok gas pipeline will become […]
Amid a prolonged drought in the West, the reservoir created by the Hoover Dam sunk to its lowest level ever last month — and that’s raising concerns about reduced output from the dam’s hydroelectric plant, […]
Nigerian President Muhammadu Buhari expressed concern about new threats by the militant group the Niger Delta Avengers to bomb critical oil and gas infrastructure in the West African nation. Buhari’s statement, made through a spokesman, […]
Transcorp Energy Ltd, a unit of Transnational Corp. of Nigeria Plc plans to develop nuclear power plants in the West African nation as an alternative energy source to improve access to electricity. The plants will […]
India’s electricity demand is projected to grow at 9.9% yearly towards 2025 driven by its sheer size and economic growth. The demand dipped temporarily in 2020 due to Covid-19 induced lockdowns, but it not only […]
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