Business / Energy

Saudi Arabia announces discovery of five natural gas fields 27 Feb 2022 - 04:48 pm

Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per...

Oil soars past $100 as Russia attacks targets across Ukraine 24 Feb 2022 - 11:05 am

Oilsurged above $100 a barrel for the first time since 2014 as Russia attacked sites across Ukraine, triggering fears of a disruption to...

Egyptian Minister of Petroleum: Natural Gas will play pivotal role in future energy landscape 22 Feb 2022 - 07:19 pm

Doha: Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt Eng. Tarek El Molla affirmed that natural gas will play...

UAE Minister praises brave decision by Qatar to pump new investments to boost natural gas production 22 Feb 2022 - 05:20 pm

Doha: United Arab Emirates’ Minister of Energy and Infrastructure HE Suhail bin Mohamed Al Mazrouei praised Qatar's decision to pump new investments to...

Cyberattackers target key fuel-distribution firms in Europe 02 Feb 2022 - 06:09 pm

Europe’s fuel-supply network fell victim to a cyberattack -- less than a year after the biggest refined petroleum pipeline in the U.S. was...

Oil hits seven-year peak on political risks, supply crunch, says Al Attiyah Foundation 30 Jan 2022 - 09:00 am

Doha: Oil prices rose to a more than seven-year peak on Friday and recorded their sixth straight weekly gain as geopolitical turmoil exacerbated...

Oil prices hit 7-year highs as tight supply bites 18 Jan 2022 - 03:09 pm

London: Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf...

Saudi energy minister says he is 'always comfortable' with oil prices 17 Jan 2022 - 10:36 am

Saudi Energy Minister Prince Abdulaziz bin Salman is "always comfortable" with crude prices, he said on Monday, adding that it was the US...

Europe gas crisis hinges on cold, high prices luring supply 13 Jan 2022 - 02:30 pm

Frankfurt, Germany: Europe’s natural gas crisis isn't letting up. Reserves are low. Prices are high. Utility customers are getting hit with higher bills....

Oil holds the biggest gain this year as stockpiles seen lower 12 Jan 2022 - 10:55 am

Oil steadied above $81 barrel after posting the biggest one-day surge this year as investors embraced risk assets, commodities climbed and industry estimates...

China buying more cheap, sanctioned Iran and Venezuela oil 11 Jan 2022 - 11:15 am

China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years, as...

Oil down $10/bbl in largest daily drop since April 28 Nov 2021 - 09:21 am

Doha: Oil prices plunged $10 a barrel on Friday, its largest one-day drop since April 2020, as a new variant of the coronavirus...

Japan PM confirms oil reserves may be released to curb prices 20 Nov 2021 - 03:55 pm

Tokyo: Japan is considering releasing oil from its reserves for the first time to curb surging oil prices, Kyodo news agency reported on...

US backs new effort to issue green bonds: Treasury chief Yellen 03 Nov 2021 - 12:16 pm

Glasgow: The United States on Wednesday announced its support for a new capital market mechanism that will issue investment-grade bonds and raise significant...

TotalEnergies Ambition: Getting to Net Zero by 2050, Together with Society 24 Oct 2021 - 08:42 am

Active in more than 130 countries, TotalEnergies has placed sustainable development in all its dimensions at the heart of its projects and operations,...

Chevron commits to net zero emissions by 2050 11 Oct 2021 - 02:30 pm

Chevron Corp on Monday set a target to cut certain types of upstream gas emissions to net zero by 2050, joining a list...

Chevron triples investment for lower carbon energy businesses 14 Sep 2021 - 02:20 pm

Chevron Corp on Tuesday tripled its planned capital investment to $10 billion through 2028 to expand its lower carbon energy businesses. Oil majors...