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Days ahead of the key OPEC+ meeting on June 4, the leading producers in the group, Saudi Arabia and Russia, are at odds about output policy. Riyadh has grown increasingly frustrated with Russia, which apparently hasn’t kept its end of the deal and isn’t reducing oil production as pledged, complicating …

Iran and Oman have signed an agreement on their joint study on the shared Hengam Oilfield in the Strait of Hormuz, the Persian Gulf. The agreement was signed in the presence of President Ebrahim Raeisi and Oman’s Sultan Haitham bin Tariq Al Said in Tehran on Sunday, the Oil Ministry’s …

Oil prices fell on Tuesday over demand worries in the US due to the debt ceiling crisis, ambiguity about the US Federal Reserve’s (Fed) interest rate policy and recessionary fears. International benchmark Brent crude traded at $76.58 per barrel at 09.52 a.m. local time (0652GMT), a 0.67% fall from the …

The world’s largest green hydrogen project — the 260MW Kuqa facility in Xinjiang, northwest China ¬— is to be commissioned at the end of May, with commercial operation scheduled to begin on 30 June, according to its developer, Chinese state-owned oil giant Sinopec. It will overtake the current world leader, …

Solar power has been touted as the cheapest available source of energy for several years now. Solar power proponents have been talking about the consistent decline in the cost of raw materials and panel production. They have also talked about LCOE. The levelized cost of energy is a metric that …

As tepid demand for gas from power generation and industry has sent European natural gas prices into a freefall in recent weeks, traders and industry officials are not ruling out the possibility that Europe may see a brief dip to below zero for day-ahead prices in some markets this summer. …

Eni SPA is campaigning for the use of its first renewables-based diesel among partner fuel transporters as part of its decarbonization strategy. The Italian state-controlled company says its HVOlution brand is produced using 100 percent renewable raw material based on European Union parameters. It has launched a promotional program targeting …

Oil prices rose on Monday after US leaders reached a tentative agreement to raise the nation’s debt ceiling following a month-long stalemate. The deal potentially averts a financial crisis in the world’s largest economy and biggest crude oil consumer. Brent, the benchmark for two thirds of the world’s oil, was …

The UAE is a recognised global leader in tackling the challenges related to energy, climate change and sustainable development. Not only in words, but also in its actions with major investments into the development and deployment of renewables and technologies focused on reducing greenhouse gas emissions. Dr. Al Jaber is …

The first ten places on the list of the largest greenhouse gas emitters in the EU are occupied by coal-fired power plants, with the highest number found in Poland and Germany. These ten power plants accounted for one-quarter of the total emissions from the energy sector and 13 percent of …