Oil prices edged higher on Friday as output cuts by the Organization of the Petroleum Exporting Countries (OPEC) members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply.
Brent crude futures, the benchmark for...
Chinese solar panel manufacturers are targeting the Middle East, North Africa, and South Asia markets, with large-scale investment in renewable energy expected to drive a rapid increase in demand for imported technology.
Local demand has underpinned the rise of China’s solar...
The Saudi Ministry of Energy, Industry and Mineral Resources on Thursday denied rumors circulating in social media that government energy subsidies will be lifted as of Friday.
“The subsidy will only be lifted after the ‘Unified Citizen Account’ comes into effect, and after the...
GLOBAL oil giant Saudi Aramco on Wednesday reaffirmed its steadfast commitment to its In-Kingdom Total Value Add (iKTVA) localization program by celebrating the accomplishments made by both the company and its suppliers since its launch a year ago.
At a ceremony attended by Easter Province Emir...
A heavy sandstorm blanketed Saudi Arabia’s capital on Thursday, reducing visibility at times to less than a meter.
Riyadh residents saw their city once again enveloped by dust as authorities put out safety messages to the inhabitants of the country’s largest population center.
The...
SAUDI Arabia’s state oil company is setting up joint ventures with two international drilling companies as part of an effort to boost economic development in the Kingdom.
Saudi Aramco said the landmark deals signed on Wednesday with Nabors Industries and Rowan Companies will focus on...
As part of its efforts to maximise participation in 3rd Emirates Energy Award (EEA) 2017 that will be held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai under the theme ‘Innovative Solutions for Clean Energy’,...
The Dubai Supreme Council of Energy (DSCE) in association with Etihad ESCO, and TAQATI held a workshop for Energy Users, reflecting on the progress and performance of Directive 1 of 2015. The workshop also looked at building-level energy audits, and discussed ways to accelerate project...
Private sector investors are showing new interest in Saudi Arabia’s solar energy market, after the nation’s leadership included plans to add 9.5 GW of renewables to the energy supply as part of Saudi Vision 2030, along with opening the way to greater private sector and international...
It’s no secret that the value of crude oil has taken a few hits of late. A perfect storm of over-production from a handful of OPEC member states, political upheaval in countries such as Venezuela and a lack of confidence in the markets has occurred. All this has seen the price of oil reach...