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HomeUAE

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Commodities

OPEC+ Crisis Deepens as Saudi Arabia Refuses to Budge

July 4, 2021 Stu Turley

    Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will […]

International News

Iraq inks deal with UAE firm to produce renewable energy

June 28, 2021 Andy Del Prado

Baghdad, Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail announced the signing of an agreement with Masdar, a renewable energy developer based in the United Arab Emirates (UAE), to establish a solar energy project. Ismail, who is also chairman of the Iraqi Ministerial Council […]

International News

UAE to help Sudan secure all petroleum needs through flexible agreement

May 12, 2021 Andy Del Prado

KHARTOUM, – The United Arab Emirates has committed to supplying Sudan’s full requirements of petroleum products through a contract by the UAE‘s state oil producer ADNOC, Sudan’s cabinet affairs minister Khalid Omer Yousif told Reuters on Tuesday. Sudan has had frequent […]

Japan and UAE - energynewsbeat.com
Hydrogen

Japan signs hydrogen cooperation deal with UAE

April 14, 2021 Stu Turley

Japan and the UAE have signed a hydrogen cooperation deal aimed at accelerating bilateral support for an international hydrogen supply chain. The agreement marks Japan’s first bilateral deal covering hydrogen production and development as the […]

Aramco Cuts April Oil Pricing to Mediterranean on OPEC+ Caution
Crude Oil News

India to buy 36 per cent less oil from Saudi Arabia

April 7, 2021 Stu Turley

The government has decided to reduce oil imports from Saudi Arabia by a whopping 36 per cent in May, news agency Reuters reported quoting sources. The decision comes even after the Kingdom supported the idea of boosting […]

Crude Oil News

Iraq Denies UAE Firm’s Claim U.S-Seized Iranian Oil Cargo Was From Baghdad

March 18, 2021 Stu Turley

Iraq’s state oil marketing firm SOMO denied a claim by Fujairah International Oil & Gas Corp of the United Arab Emirates (UAE) that an oil cargo, which the United States seized alleging that it carried Iranian crude […]

Crude Oil News

Iran Says Ready for Talks With Arab States Without Preconditions – What about Israel and what does this mean for oil?

February 21, 2021 Stu Turley

Energy News Beat Publishers Note: What this means to energy: Notice Israel is not on Iran’s list of countries to “get along with”, and with the Biden administration begging to get back to an Iran […]

Iran Refuses To Negotiate Korean Fuel Tanker Release - Energy News Beat
Crude Oil News

Oil’s Recovery Is Too Fast for Its Own Good – OPEC’s compliance enforcement will make a difference

February 8, 2021 Stu Turley

Energy News Beat Publishers Note: Compliance and accountability will be key for the stability of world oil prices. As stated below “Compliance is measured in average barrels per day from the beginning of May to […]

UAE Energy Minister Suhail Al Mazrouei - Energy News Beat
Commodities

The UAE Warns U.S. Shale Companies Against Pumping More Oil

January 13, 2021 Stu Turley

Any attempt by U.S. shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates. Oil prices have surged […]

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