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Failure to act now on climate change will result in “catastrophic” consequences for the world, the leader of the United Nation’s next climate talks has warned. “I don’t think there’s any other word for it,” Alok Sharma, the British minister in charge of the 26th UN Climate Change Conference (COP26), …

Over 1.506 million tons of non-oil commodities worth $478.997 million was exported from Sistan-Baluchestan province in the southeast of Iran during the first four months of the current Iranian calendar year (March 21-July 22), a provincial official announced. Mohammad-Ali Khashi, the director-general of the customs department of Zahedan (the center …

Iraq topped the list of India’s oil suppliers in July, data by Vortexa, an oil and gas analytic platform, revealed. The Vortexa data show that 64pc of India’s July crude imports, or 2.1mn b/d, came from the Middle East, compared with 2.3mn b/d in the previous month. Of the 2.1mn …

Saudi Arabian Oil Company (Aramco) today reported a 288% increase in net income for the second quarter of 2021 from the same quarter of last year to $25.5 billion, declaring a dividend of $18.8 billion. The company’s net income for the first half of the year was $47.2 billion, representing …

Saudi Arabia’s first wind farm, with capacity of 400 MW, has started power generation as the world’s biggest oil exporter boosts its renewable projects amid plans to diversify its energy mix and free up crude used in the electricity sector for export. Dumat al-Jandal, which is being developed by UAE …

The U.S. and Japan expressed concerns over the situation in the South China Sea, where China has been aggressively pushing its territorial claims, and took up Beijing’s nuclear arms issue during talks with ASEAN and partner nations on Friday. Speaking at the foreign ministerial meeting of the ASEAN Regional Forum, …

The era of cheap natural gas is over, giving way to an age of far more costly energy that will create ripple effects across the global economy. Natural gas, used to generate electricity and heat homes, was abundant and cheap during much of the last decade amid a boom in …

China started this week construction work on a new US$17-billion nuclear power plant project, for which it will install Russian nuclear reactors at the Xudabao project in northeastern China, World Nuclear News reports. The Xudabao 3 unit is the first of four units at the plant to see the beginning …

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 …

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. …