Sanctions on Russian crude over the Ukraine conflict have increased concerns about supply, sending already high energy prices rocketing. Saudi Arabia warned it will not bear any responsibility for global supply shortages following attacks on its energy infrastructure.
Along with Russia, the kingdom leads the 23-member Opec+ oil producer alliance which has been working to keep markets stable. Inflationary pressures are impacting expectations of worldwide economic growth this year, potentially impacting future levels of energy demand.
The energy transition toward lower carbon emissions depends on investment meeting targets. While renewables capacity is on the rise and hydrogen as a fuel gathers momentum, will there be enough capital for both the push to net zero and meeting short-term fossil fuel requirements?
Industry expert Dr Carole Nakhle, chief executive of Crystol Energy, joins hosts Mustafa Alrawi and Kelsey Warner to discuss all of these themes.
In this episode
The uncertainty behind the energy market (0m 48s)
Is there enough investment in oil and gas? (7m 08s)
Europe's efforts in renewable energy and the energy transition (9m 45s)
Where is the supply going to come from? (14m 23s)
Company Profile
Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000
The specs
Engine: 1.5-litre 4-cyl turbo
Power: 194hp at 5,600rpm
Torque: 275Nm from 2,000-4,000rpm
Transmission: 6-speed auto
Price: from Dh155,000
On sale: now
Men from Barca's class of 99
Crystal Palace - Frank de Boer
Everton - Ronald Koeman
Manchester City - Pep Guardiola
Manchester United - Jose Mourinho
Southampton - Mauricio Pellegrino
The specs
Engine: 3.0 twin-turbo inline six-cylinder
Transmission: eight-speed
Power: 503hp
Torque: 600Nm
Price: from Dh400,000 (estimate)
On sale: now
MATCH INFO
Fixture: Thailand v UAE, Tuesday, 4pm (UAE)
TV: Abu Dhabi Sports
What to watch out for:
Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways
The hulls of three ships will be used for the roof
The hulls will painted to make the largest Italian tricolour in the country’s history
Several pillars more than 20 metres high will support the structure
Roughly 15 tonnes of steel will be used
Profile box
Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)