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HomeUAE

UAE

Dr Sultan Al Jaber.
Climate Crisis

Dr Sultan Al Jaber: We have a responsibility to provide billions of people with energy

September 5, 2022 Mariel Alumit

The fight against climate change must be pragmatic and sustainable, with no country able to make the transition to clean energy with the “flip of a switch”, the UAE’s Climate Change Special Envoy has said. […]

Russian oil
Crude Oil News

More Russian Oil Offtakers Crop Up in UAE

August 16, 2022 Mariel Alumit

Russian oil companies are relying more heavily on little-known trading firms domiciled in the United Arab Emirates to market their crude, as EU sanctions force traditional players such as Vitol, Trafigura and Glencore out of […]

Eni
Crude Oil News

Eni Makes Significant Gas Discovery In UAE

August 1, 2022 Mariel Alumit

Italian oil major Eni has made another significant gas discovery of 1-1.5 trillion cubic feet (tcf) of raw gas in place, in a deeper zone, in its first exploration well drilled in Offshore Block 2 […]

global oil
Crude Oil News

The Middle East Oil Bonanza Will Slow In 2023

July 24, 2022 Mariel Alumit

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 […]

Biden’s hope for Saudi oil faces slim capacity reality check
Crude Oil News

Biden’s hope for Saudi oil faces slim capacity reality check

July 11, 2022 Stu Turley

Even if Joe Biden secures a pledge for more oil when he visits Saudi Arabia this week, it may do little to drive down the high fuel prices roiling the global economy. The U.S. president’s […]

UAE
Crude Oil News

UAE, Saudi Arabia Pumping Oil Near Limits: Macron

July 1, 2022 Mariel Alumit

Macron: Saudi Arabia and UAE are nearing the limits of their production capacity. Saudi Arabia’s production quota was raised 114,000 bpd in June and will be raised another 170,000 bpd in July. News about shrinking […]

OPEC
International News

OPEC+ sticks with planned oil production hike as supply concerns weigh on energy markets

June 30, 2022 Mariel Alumit

OPEC and non-OPEC partners, a group sometimes referred to as OPEC+, concluded a meeting via videoconference by deciding to stay the course with its production policy. It means the Middle East-dominated group will increase monthly […]

Saudi Arabia
International News

Oil production test looms for OPEC heavyweights Saudi Arabia, UAE

June 29, 2022 Mariel Alumit

Saudi Arabia and the UAE have starring roles to play in the oil market this summer, as the only producers in the world holding any significant spare output capacity. But much of it is from […]

Saudi Arabia
Crude Oil News

Oil rises 2%, extends gains as major producers flag capacity limits

June 28, 2022 Mariel Alumit

G7 agrees to explore cap on Russian oil price Macron tells Biden that UAE, Saudi can barely raise oil output Political unrest in Ecuador, Libya could further tighten supply Delayed U.S. weekly oil data to […]

France’s
Crude Oil News

France’s Macron tells Biden that UAE, Saudi pumping near oil limits

June 28, 2022 Mariel Alumit

(Bloomberg) — French President Emmanuel Macron said that the United Arab Emirates’ ruler confided to him that OPEC’s two leading oil exporters are already pumping almost as much oil as they can. The UAE is […]

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