Articles
IMF extends $320m credit facility to Afghanistan
Kabul will receive around $115m in immediate disbursement under a 42-month programme linked to economic reforms
These are the five big solar schemes that anchor the Middle East's pivot to a greener future
The UAE is convening the three-day annual Wetex and Dubai Solar Show from October 26
How Siemens is helping Iraq fight $12bn of electricity theft a year
Iraq lost an estimated $12bn to electricity theft, the country’s former electricity minister Luay Al Khateeb said earlier this year
Oil prices remain tepid as Opec+ keeps tapered cuts unchanged
The JMMC made no recommendations to deepen or change the current volume of restrictions at its latest gathering
Opec+ has 'work to do' to address compliance, Saudi minister says
The alliance will do what is necessary to address imbalances in the market, the minister said
Israel maritime talks are 'credit positive' for Lebanon but economy running out of time
Territorial waters could contain up to 100 trillion cubic feet of natural gas and 865 million barrels of oil
Opec sees oil demand rebound in 2021
On Tuesday the Vienna-based organisation left its crude demand forecast for 2020 largely unchanged
Abu Dhabi Pension Fund and ADQ to invest $2.1bn in Adnoc pipeline assets
They join a consortium of the world’s leading infrastructure and sovereign wealth funds in a $20.7bn investment in Abu Dhabi’s gas pipelines.
Shift to circular economy could generate $4.5tn in economic output by 2030
The transition to a circular economy could also help realise sustainable development goals
Oil market recovery remains 'fragile' with Q3 demand set to weaken, IEA says
The Paris-based agency revised down its estimates for the third quarter by 200,000 bpd
Adnoc to launch Murban crude futures in Q1 2021, CEO says
Murban is the emirate's flagship crude grade, which flows at approximately 1.7 million barrels per day
Opec+ set to taper cuts by 2021 in line with demand, UAE energy minister says
The minister said the group is likely to reduce its output cuts to between 6 to 5.7m bpd until April 2022
No plans to scale back Adnoc-Aramco backed Indian refinery, minister says
The 1.2 million bpd greenfield integrated refinery and petrochemicals complex is being planned in Maharashtra
Oil prices weaken as Libya restarts output from its biggest field
Markets are also factoring in the return of Iranian barrels if Joe Biden, the Democratic candidate, becomes the next US President
A longer pandemic may usher in the slowest decade of energy demand in a century, IEA says
The International Energy Agency urged countries to pursue a green transition in its annual outlook
