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.…
Tag: 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…
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,…
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…
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.…
Agreements Signed to Develop Green Hydrogen in Oman
Oman’s Hydrom, the Public Authority for Special Economic Zones and Free Zones (OPAZ), and ACME Group signed on Sunday a Project Development Agreement and Usufruct…
China says wind and solar energy capacity exceeds thermal for first time
BEIJING – China’s wind and solar energy capacity has surpassed that of mostly coal-powered thermal for the first time, the national energy body said on…
Qatar’s share of Middle East region’s upstream investment ‘substantial’, says GECF
Qatar’s share of the Middle East region’s upstream investment is “substantial”, Gas Exporting Countries Forum (GECF) said and noted in 2023, Qatar accounted for 45%…
Inside OPEC+, Saudi ‘lollipop’ oil cut was a surprise too
LONDON, June 9 (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a weekend…