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Jennifer Gnana

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UBS expects Brent to average $45 per barrel by December and $50 per barrel by the end of the first quarter of 2021. AP Photo

Oil prices remain tepid as Opec+ keeps tapered cuts unchanged

October 20, 2020
Saudi energy minister Prince Abdulaziz bin Salman flanked by Venezuelan oil minister Manuel Quevedo, left, and Russian energy minister Alexander Novak at Opec's annual meeting in Vienna in December. REUTERS

Opec+ has some 'work to do' to address compliance, Saudi Arabia's energy minister says

October 19, 2020
A gas platform in the Mediterranean. Lebanon and Israel moved to settle a row over disputed waters in the eastern Mediterranean. AP

Israel maritime talks are 'credit positive' for Lebanon but economy running out of time

October 16, 2020
Ahead of Opec's joint technical meeting taking place virtually, Mr Barkindo assured the markets that the producers’ pact would strive to remain “consistent”. Credit: Opec

Opec sees oil demand rebound in 2021

October 15, 2020
Abu Dhabi Pension Fund and ADQ will take a 20% stake in an entity that holds 100% of Adnoc’s interest in the gas pipelines. Reuters

Abu Dhabi Pension Fund and ADQ to invest $2.1bn in Adnoc pipeline assets

October 15, 2020
Glass, paper, cans and plastic for recycling in the Gardens, Dubai. The growth of circular business models will require “structural and technological change” according to UNEP. Chris Whiteoak / The National

Shift to circular economy could generate $4.5tn in annual economic output by 2030, UNEP says

October 15, 2020
The IEA left its overall demand estimate for 2020 unchanged at 91.7 million bpd down 8.4m bpd from 2019. Reuters

Oil market recovery remains 'fragile' with Q3 demand set to weaken, IEA says

October 15, 2020
Abu Dhabi Pension Fund and ADQ will take a 20% stake in an entity that holds 100% of Adnoc’s interest in the gas pipelines. Reuters

Adnoc to launch Murban crude futures in Q1 2021, CEO says

October 14, 2020
Indian petroleum minister Dharmendra Pradhan also reiterated the state's commitment to divest from its energy sector, saying “government has no business to be in business”. Victor Besa / The National

No plans to scale back Adnoc-Aramco backed Indian refinery, minister says

October 13, 2020
UAE energy minister Suhail Al Mazrouei also said oil demand had not peaked, despite several energy companies writing off the value of their hydrocarbon assets following the crash in crude prices earlier this year. Victor Besa / The National

Opec+ set to taper cuts by 2021 in line with demand, UAE energy minister says

October 13, 2020
The International Energy Agency says Covid-19 has reshaped the energy industry and warned of a fragile oil market recovery. AFP

A longer pandemic may usher in the slowest decade of energy demand in a century, IEA says

October 13, 2020
The IEA left its overall demand estimate for 2020 unchanged at 91.7 million bpd down 8.4m bpd from 2019. Reuters

Oil prices weaken as Libya restarts output from its biggest field

October 12, 2020
A Dana Gas plant in Iraqi Kurdistan. Saudi Arabia, Iran and Iraq will take the lead in terms of gas investment. WAM

Planned gas investment in Mena region up 29% despite global slump

October 12, 2020
Ahead of Opec's joint technical meeting taking place virtually, Mr Barkindo assured the markets that the producers’ pact would strive to remain “consistent”. Credit: Opec

Opec expects global oil demand to rebound by 2025

October 8, 2020
Hydropanels, produced by Zero Mass Water Inc., stand at the planned site of the IBV drinking water plant in Lehbab, Dubai, United Arab Emirates, on Wednesday, July 8, 2020. Zero Mass Water Inc., an Arizona-based water technology company, thinks the lack of rivers or even seawater isn’t a problem because it has technology that can extract moisture from the atmosphere using energy from the sun. Photographer: Christopher Pike/Bloomberg

How Covid-19 is accelerating the adoption of air-to-water tech in the Middle East

October 8, 2020