Jennifer Gnana

The Emirates is Opec's third-biggest producer and is concerned that an outdated reference is being used to calculate its production quotas

Oil minister describes country's investment environment as 'destructive' for international oil companies

The Opec+ alliance, which is led by Riyadh and Moscow, is set to convene its ministerial meeting tomorrow

Oil rose to multi-year highs in June, with WTI gaining 9.2% after rising to its highest level since October 2018

Delegates suggest the group is likely to extend curbs well into the end of next year

The benchmarks traded higher as Opec+ considers returning an estimated 2 million bpd back to the markets between August and December

The Danish company will invest in 100,000 square metres of warehousing space during the first two years of operations

Hastening energy transition is expected to grow the world’s economy by 2.4% over the next decade

WTI crude is trading up 50% since the start of the year and Brent is 44% higher

The agreement will help advance the UAE's nuclear industry and its energy transition goals

The investment is the first in the Middle East for India's largest private petrochemicals company

The port is located south-east of the Suez Canal, which is a critical chokepoint in the transport and sale of seaborne crude

European country is dedicating €7bn of its €100bn economic recovery plan announced last year towards hydrogen

This year's event will be held in-person in Abu Dhabi and will also be streamed online

Fossil fuels will continue to account for 37% of the primary global energy demand in 2050 even if the net-zero goals are achieved