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HomeUAE

UAE

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 […]

Honeywell Ventures
Renewables Not Sustainable

UAE’s Masdar to develop 4 GW of renewable and green hydrogen projects in Azerbaijan

June 6, 2022 Mariel Alumit

The UAE’s Masdar said June 5 that it has signed two agreements to develop 4 GW of renewables projects in Azerbaijan, with the potential for an additional 6 GW in a second phase, which would […]

Russia
International News

UAE sends rare cargoes of oil toward Europe amid Russia snub

May 24, 2022 Mariel Alumit

(Bloomberg) — The United Arab Emirates has started shipping rare cargoes of oil toward Europe, where crude buyers are snubbing imports from Russia in the wake of the nation’s invasion of Ukraine. The oil tanker […]

ENB Pub Note

President Biden Considers Meeting Saudi Crown Prince As Oil Prices Soar – Criminal or just hypocritical?

May 20, 2022 Stu Turley

ENB Publishers Note: President Biden asking the Saudis for more oil is an example of hypocrisy in its biggest form. This is actually going to work in favor of the Russians. Iraq has just announced […]

Abu Dhabi National Oil
Exports

UAE to more than double LNG export capacity with Fujairah plant

May 18, 2022 Mariel Alumit

(Bloomberg) — Abu Dhabi National Oil Co. plans to build a new liquefied natural gas plant as the world’s producers race to expand their exports amid surging demand. The LNG facility, to be built at […]

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