Source: Graph by the U.S. Energy Information Administration, based on data from Dubai Mercantile Exchange (DME); CME Group; Intercontinental Exchange, Inc. (ICE); and ICE Futures Abu Dhabi (IFAD), as compiled by Bloomberg L.P. On March 29, […]
Well, we are in historic times with pandemics, countries printing money, and inflation. If that does not make your head hurt, commodities pricing will. The important deal with OPEC + and the UAE is an […]
The unusually public dispute that tested the unity of the cartel was resolved in a classic compromise — with Riyadh meeting Abu Dhabi halfway in its demand for a more generous output limit. “Consensus building […]
OPEC+ has called a meeting on Sunday, delegates said, after the group made significant progress toward resolving a standoff with the United Arab Emirates that had blocked a deal to boost output. The online conference […]
The Middle East is moving ahead with solar projects, seeking to pass on soaring polysilicon costs, even as some plans have been delayed due to the pandemic, the region’s solar industry trade group said in […]
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 […]
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 […]
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 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 […]
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 […]
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