Jennifer Gnana

The group will stick to its current moderate pace of supply increments that will involve 2 million bpd being returned to markets by the end of the year

Demand will plateau, growing at a rate of 2.2% beyond 2023

Prices are also up because of underinvestment in the sector, which led to tighter supply

Under the proposed model, the carbon price floor would be higher for rich nations than for poor and middle-income countries

Crude prices have surged in recent months as economies reopen after months of lockdowns

Oil prices are at multi-year highs and have more than doubled year-to-date

The state-backed utility has a bulk of assets in gas-fired and renewable power plants

The bank expects Brent to reach $100 per barrel by mid-2022 in the event of a cold winter

Natural gas prices, which are linked to crude, have doubled this year

The Arab world's most populous country enjoying a gas bonanza after discovery of the huge Zohr gas field

About 2.6 billion people across the world do not have access to clean cooking fuel

Hydrogen has become a popular alternative fuel among Gulf oil producers

The company raised more than $795m in the third-largest ever IPO on the bourse

Falling wind and solar prices could further encourage more investment in renewables

It will become the first oil and gas company to completely decarbonise its power intake