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      John Benny

      Location

      Articles

      Dr Sultan Al Jaber said the new facility will transform renewable energy into baseload energy. Victor Besa / The National
      Play01:34
      UAE launches around-the-clock renewable energy facility

      Masdar and Ewec will work on the project that can produce 1 gigawatt of uninterrupted clean power

      EnergyJanuary 14, 2025
      Israel's annual budget deficit widened by nearly 77 per cent last year, as it spent more on financing wars against Hamas in Gaza and Hezbollah in Lebanon. AFP
      Israel’s war spending exceeds $34bn as conflict persists

      Last year alone, the total cost of war was $27 billion, finance ministry says

      EconomyJanuary 13, 2025
      Offshore rig for oil drill on the shore of Walvis Bay, Namibia. The country aims to commence its first oil production by 2029. Reuters
      ExclusiveShell’s $400m write down ‘not end of Namibia’s oil and gas dream’, minister says

      Windhoek is still exploring nuclear power for its long-term energy mix

      EnergyJanuary 13, 2025
      An Adnoc Logistics and Services barge. In November, Adnoc’s maritime unit took delivery of the first of six new LNG carriers from China. Photo: Adnoc
      ExclusiveFreight rates set to rise amid decline in LNG shipping capacity

      Adnoc's maritime unit is still closely monitoring the hostile Red Sea situation, executive says

      EnergyJanuary 10, 2025
      Iranian technicians work at the Kharg oil terminal. Sanctions have raised the price of Iranian crude for China due to tighter shipping capacity and higher freight costs. EPA
      Iran oil production faces collapse under Trump sanctions

      More than 100 ships tied to Iranian crude trade since 2018 have been sanctioned, Goldman Sachs says

      EnergyJanuary 08, 2025
      Adnoc Drilling's fourth-quarter revenue will reflect the initial earnings generated by its newly formed joint ventures. Photo: Adnoc
      ExclusiveAdnoc's global expansion could fuel drilling unit growth, CFO says

      Adnoc Drilling is seeking contracts for both drilling and oilfield services in Kuwait and Oman

      EnergyJanuary 08, 2025
      The Royal Commission for Riyadh City launched the orange line of Riyadh Metro on Sunday. Photo: SPA
      Riyadh Metro complete and operational with launch of new line

      Three new stations also opened on the network's blue line

      EconomyJanuary 05, 2025
      An oil rig in the Pacific. US president-elect Donald Trump has vowed to boost domestic oil and gas drilling by loosening environmental regulations and speeding up permits for new projects. EPA
      Oil expected to average in the $70s in 2025 amid surplus and Trump impact

      Anticipated tighter sanctions on Iran by the coming Trump administration may be a positive for oil prices in 2025, say analysts

      EnergyJanuary 03, 2025
      A park in Shanghai. Crude consumption in China, the main engine of oil growth for nearly two decades, has shown signs of slowing this year. EPA
      Oil prices end 2024 lower on expectations of market glut

      Brent prices experienced a volatile year, ranging from a low of about $69 a barrel to a high of $92 a barrel

      EnergyDecember 31, 2024
      People buy food outside a market at Eminonu commercial area in Istanbul. Turkey raised fuel taxes by 6 per cent to address its widening fiscal deficit and stabilise the country's finances without affecting the 2025 inflation goal. AP
      How will Turkey's 6% fuel tax rise impact inflation?

      The move will not hamper its 2025 inflation goal, country's finance minister says

      EconomyDecember 31, 2024
      An Enoc petrol station in Dubai. Fuel prices in the UAE will remain unchanged in January, reflecting global oil market trends. Pawan Singh / The National
      Fuel prices to remain unchanged in UAE in January

      Petrol and diesel prices are closely tied to movements in the global oil market

      EnergyDecember 31, 2024
      Rescuers work near the wreckage of the Jeju Air aircraft that crashed at Muan International Airport, South Korea. Reuters
      Recent air crashes unlikely to affect travel demand, say aviation experts

      Boeing shares tumble as South Korea orders safety inspections following Jeju Air's fatal crash on Sunday

      AviationDecember 30, 2024
      The US emerged as the EU’s largest source of LNG following Russia’s invasion of Ukraine in 2022. Reuters
      EU's green ambitions threaten its energy security as Qatar warns of LNG halt

      Bloc faces a complex set of energy challenges, including a Trump presidency and compliance with strict regulations

      EnergyDecember 26, 2024
      Eric Karobia, chief executive of Whizmo, says the digital mobile wallet can be used by 'a person, a business, or even multi-lane stores'. Photo: Whizmo
      Whizmo seeks to redefine financial inclusivity in the UAE

      Generation Start-up: The Whizpay Technology digital mobile wallet is designed to democratise financial services, says the company

      MoneyDecember 23, 2024
      US president-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida. Reuters
      Trump tells EU to buy US oil and gas or risk tariffs

      The US is the EU’s largest trading partner and already a major supplier of crude oil and LNG

      EconomyDecember 20, 2024
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