Oman – The Dubai Mercantile Exchange (DME), DME’s Oman trading platform – the benchmark for Oman crude oil – has offered more than 3 billion barrels of Omani crude in physical and EFP form since its inception in 2007. It has recorded a 23 percent year-on-year growth in physical volume, with exports and imports reaching … Read more
Solar panels are installed in the solar farm at the University of California, Merced, Merced, California, August 17, 2022. Nathan Frandino | Reuters ABU DHABI, United Arab Emirates – The United States and the United Arab Emirates announced on Tuesday that they have signed a strategic partnership that will mobilize $100 billion to develop 100 … Read more
The PCK Schwet oil refinery in Schwet, Germany, Monday, May 9, 2022. Christian Bocsi Bloomberg | Getty Images ABU DHABI, United Arab Emirates – Politicians and governments are grappling with potential uprisings around the world, with many countries grappling with rising energy costs and inflation. The global economy is facing attacks from many sides – … Read more
Washington CNN – The Biden administration has launched an all-out pressure campaign in a last-ditch effort to keep Middle Eastern allies from dramatically cutting oil production, multiple sources familiar with the matter said. The push comes ahead of Wednesday’s crucial OPEC+ meeting, where the global oil producer cartel is widely expected to announce production cuts … Read more
Washington CNN – The Biden administration has launched an all-out pressure campaign in a last-ditch effort to keep Middle Eastern allies from dramatically cutting oil production, multiple sources familiar with the matter said. The push comes ahead of Wednesday’s crucial OPEC+ meeting, where the global oil producer cartel is widely expected to announce production cuts … Read more
The United Arab Emirates will continue to supply energy to the world as long as it needs it, Climate Change and Environment Minister Mariam Almeheri said in an exclusive interview with CNBC. “As long as the world needs oil and gas, we will provide them,” German Chancellor Olaf Scholz told CNBC’s Hadley Gamble during a … Read more
Sana’a, Yemen — Yemeni forces backed by the United Arab Emirates have taken control of important oil and gas fields in the south after nearly a week of fierce fighting with their rivals, officials and tribal leaders loyal to the internationally recognized government said on Monday. The conflict has pitted the United Arab Emirates-backed Giant … Read more
Egypt’s abundance of sun and wind “generates renewable energy at a very competitive price – a key alarm for green hydrogen production”. Ute Grabowsky | Photothek | Getty Images The United Arab Emirates (UAE) and Egypt’s Hassan Alam Utility have signed an agreement with government-sponsored Egyptian companies to work together on the development of large … Read more
Russia’s Minister of Economy Robert Habek visited Doha and Abu Dhabi as Russia’s threat of gas shortages increased. German Economy Minister Robert Habeb says he will discuss the supply of liquefied natural gas to Qatar and the United Arab Emirates. According to the Ministry of Economy’s website, Russia is Germany’s largest gas supplier. About half … Read more
January 17, 2022 ADNOC storage facility near Abu Dhabi International Airport in the United Arab Emirates. AFP | Getty Images Dubai, United Arab Emirates (UAE) – The United Arab Emirates (UAE) has said it will retaliate against Houthi militants who killed three people in a deadly attack on the capital, Abu Dhabi, on Monday. . … Read more