Dumat Al Jandal, the Middle East’s largest wind farm and the first in the Kingdom of Saudi Arabia, is now connected to the grid and has produced its first carbon-free megawatt-hours (MWh) of energy. The 400-megawatt (MW) utility-scale wind power project is being developed by a consortium led by EDF …
Read More »Natural Gas Is Crucial in Energy Transition
Natural gas could become a pillar of emissions reduction both in the near and long term, IHS Markit said in a new study this week. While many analysts and net-zero advocates have started to question the role of natural gas in global emissions reductions, IHS Markit has a different view. …
Read More »Iran’s New President Holds Talks with OPEC Secretary General
New Iranian President Seyed Ebrahim Raisi hosted a meeting with the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo in Tehran on Friday, Shana reported. Barkindo briefed Raisi on the condition of the global oil market and emphasized the significant role of the Islamic Republic …
Read More »EIA: U.S. Downsizes Crude Imports from Iraq
U.S. imports of crude oil from Iraq averaged 82,000 barrels per day (bpd) last, the Energy Information Administration (EIA) said on Saturday, despite a spurt in its appetite during the same period. In its weekly report on U.S. oil imports, EIA Said that the U.S. imports averaged 5.588 million barrels …
Read More »Saudi Arabia to Drive Oil and Gas Production Increases This Decade as Majors Remain Wary
Saudi Arabia will lead increases in oil and gas production globally through 2030 as international energy majors remain wary of fluctuating demand and focus on short-term profit, according to Fitch Ratings. The Kingdom will increase production of crude oil, condensate and natural gas liquids by 2.24 million barrels a day …
Read More »US JCPOA Pullout Costs Iran 2bn Barrels in Oil Exports Worth $120bn’
Iran’s oil minister says the US withdrawal from the 2015 nuclear deal in May 2018 deprived his country from exports of around two billion barrel of oil, worth some 120 billion dollars. Bijan Zangeneh made the comments during a meeting with Secretary General of the Organization of the Petroleum Exporting …
Read More »Natural Gas Becomes Germany’s Main Energy Source
In H1 2021, natural gas became Germany’s main source of energy for the 1st time ever, according to AGEB energy industry think tank. From January to June, German primary energy consumption gained 4.3% year-on-year, amounted to 6191 petajoules. Natural gas use increased by 15.6% year-on-year. The main reason for this …
Read More »Environmental Impact of Bottled Water Up to 3,500 Times Greater than Tap Water
The impact of bottled water on natural resources is 3,500 times higher than for tap water, scientists have found. The research is the first of its kind and examined the impact of bottled water in Barcelona, where it is becoming increasingly popular despite improvements to the quality of tap water …
Read More »Oil Falls amid US Inventory Build-Up and Mounting Concerns over Delta Variant Surge
Oil prices continued their decline on Thursday amid a high inventory build-up in the US and rising numbers of Covid-19 Delta cases. Brent, the international benchmark, fell 0.11 per cent to trade at $70.30 per barrel at 11.19am UAE time. West Texas Intermediate, the main US gauge, was flat at …
Read More »Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The world’s largest oil exporter, Saudi Arabia, raised on Wednesday its official selling prices for crude oil loading for Asia in September in a widely expected move tracking stronger Middle East oil benchmarks. Saudi oil giant Aramco lifted its official selling price (OSP) for its flagship Arab Light grade for …
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