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Oil prices rebounded on Tuesday after losing almost $4 a barrel during the previous trading session ahead of the OPEC+ meeting on Dec. 4, when OPEC+ producers will decide on their output strategy for January onwards in the face of declining Chinese demand. International benchmark Brent crude traded at $85.53 …

The National Oil Corporation (NOC) has given the green light to restart the ethylene plant, the largest station for producing petrochemicals in North Africa, after a hiatus of more than eight years. “The NOC Chairman and board members praise the efforts of the company’s management and employees to restart this …

China is willing to forge a closer partnership with Russia on energy issues to ensure global energy security, President Xi Jinping said on Tuesday, as the G7 grouping of nations prepares to impose new measures on Russia’s oil exports. State broadcaster CCTV reported Xi’s comments, made in a message to …

In a world now where several major economies may need huge quantities of gas delivered very quickly and with very little notice, Qatar, as the top liquefied natural gas (LNG) exporter occupies the same sort of ‘swing producer’ position in the global gas market that Saudi Arabia used to hold …

The European Union’s energy crisis response plan is being challenged by the bloc’s members’ differing opinions on whether a price cap should be implemented on natural gas imports and, if yes, how exactly this implementation should look. While EU officials try to put on a brave face and send positive …

Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the major oil producers, who are set to have a key meeting this week. Brent crude futures advanced $1.81, or 2.2 per cent, and traded at $85.00 …

US oil may fall into a range of $70.72-$72.04 per barrel, as pointed to by a falling trendline. The contract is riding on a wave e, the fifth wave of a five-wave cycle from the Nov. 7 high of $93.74. This wave is expected to travel to $70.72. The pattern …

Contrary to much decarbonization hype, jumping on the green hydrogen bandwagon is not a silver bullet solution to climate change. In fact, it’s a double-edged sword. A versatile energy carrier, hydrogen is projected to play a major part in decarbonization of global manufacturing and industrial supply chains, but its production, …

The 800-megawatt Al Kharsaah photovoltaic power station, Qatar’s first solar power plant, seen here, was constructed by PowerChina Guizhou Engineering Co. [Photo/China Daily] Since a capacity crowd cheered at the opening on Nov 20 of the 2022 FIFA World Cup at the brilliantly lighted Al Bayt Stadium in Doha, the …

This week saw two documents published by two government departments: the European Commission in Brussels and the Department of Treasury in Washington. The Commission’s document was a proposal for “a new instrument” aimed at limiting excessive gas prices in Europe. The Treasury’s document was guidance on the implementation of a …