Oil Retreats on US Tariff Uncertainty and OPEC+ Supplies
Oil prices slipped on Thursday as the possibility of US tariffs being reinstated raised demand concerns ahead of an expected supply boost by major producers.…
Category: ENERGY
Shell says it is not considering buying BP
Shell has not bid for BP and is not actively considering such a move, it said today, adding it was bound by UK regulations which…
World Bank to Finance Syria with $146 Million to Restore Electricity
The World Bank approved a $146 million grant to help Syria restore reliable, affordable electricity and support the country’s economic recovery, it said in a…
Chinese scientists develop new device to convert tire friction into clean energy
A team of Chinese scientists has developed a groundbreaking device capable of converting the friction between vehicle tires and roads into clean electricity. The device,…
UK Court Rules Shell Liable for Legacy Oil Spills in Nigeria
Oil giant, Shell will now face a full trial in London’s High Court in 2027, over allegations that it was legally responsible for legacy oil…
African Energy 2025 Upstream African Exploration
Amid Africa’s ongoing exploration and production surge, this year’s African Energy Week (AEW): Invest in African Energies conference will host a dedicated Upstream E&P Track.…
OPEC+ Now Key Stabilizer of Oil Prices
Saudi Energy Minister Prince Abdulaziz bin Salman said on Thursday that the OPEC+ alliance has become a key stabilizing force for oil prices and the…
China’s EV battery maker CATL shares soar in Hong Kong debut
China’s CATL, the world’s largest electric vehicle battery maker, saw its shares soar 17% on its first day of trading in Hong Kong on Tuesday,…
Oman Investment Authority Achieves 21% Growth in Asset Value
Oman Investment Authority (OIA) has revealed that its “National Development Portfolio” has achieved several objectives aligned with “Oman Vision 2040” since its establishment in 2021.…