Demand for energy in the Mena region is set to grow by 3.35% per annum for the next 15 years in the region, as the population in the Mena region is estimated to grow by 20% to reach 581 million in 2030 and a further 24% by 2050 to hit …

Fuel suppliers are rushing to secure alternative methods of delivery to avert fuel shortages from Atlanta to New York after a ransomware attack shut down the nation’s biggest oil-products pipeline. Traders and fuel shippers are seeking barges and ships to deliver gasoline that would have otherwise been shipped on the …

China’s greenhouse gas emissions in 2019 exceeded those of the U.S. and other developed nations combined, with the nation of over 1.4 billion people being responsible for more than 27 percent of total global emissions. The findings are in a report published on Thursday by the research and consulting firm, …

One of the nation’s largest pipelines, which carries refined gasoline and jet fuel from Texas up the East Coast to New York, was forced to shut down after being hit by ransomware in a demonstration of the vulnerability of energy infrastructure to cyberattacks. The operator of the system, Colonial Pipeline, …

Iranian deputy Foreign Minister for the Political Affairs Seyyed Abbas Araghchi says Iran may consider extending cooperation with the International Atomic Energy Agency over inspections of its nuclear sites. Araghchi spoke to NHK in Vienna on Friday. He heads Iran’s delegation in nuclear talks in the Austrian capital. Iran has …

The COVID-19 pandemic devastated the oil-dependent economies of the Gulf Cooperation Council (GCC) as prices of oil collapsed in 2020 due to a record low global demand for crude oil. The GCC includes the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain. Global travel restrictions, stay-at-home orders, shutdowns …

India’s state-owned refiners are ordering their regular volumes of Saudi crude oil for June after the Kingdom reduced its prices, Reuters has reported, citing unnamed sources familiar with the situation. Saudi Arabia cut its official selling price for Asian clients earlier this month by between $0.10 and $0.30 in response …

Toyota Motor Corp. isn’t slowing down in its push to help achieve a carbon-free society but is even speeding up its effort. The automaker announced on April 22 that it will enter a vehicle in motor racing powered by a carbon-free hydrogen engine. Toyota said it can utilize existing technologies …

Power generation accounts for roughly a third of global greenhouse gas emissions. So when Japan’s biggest power producer, Jera Co., announced last October that it aims to achieve carbon neutrality by 2050 — but not by relying exclusively on renewable power — it took even some energy experts by surprise, …

Committed gas investments in the Middle East and North Africa (Mena) region for the period 2021-2025 are expected to total $75bn, Arab Petroleum Investments Corporation (Apicorp) said. Qatar, Saudi Arabia, and Iraq are the “top three Mena countries in terms of committed gas investments”, the multilateral development financial institution said …