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The ruler of Dubai has submitted an ambitious plan to cut the UAE’s emission by a quarter by 2030 and implement a host of cleaner energy alternatives.

OPEC+ seeks compromise on output cut extension

The New Arab Staff

OPEC+ seeks compromise on output cut extension

Producers, including Saudi Arabia and Russia, disagree on whether to extend oil production cuts into next year.

OPEC+ calls last-minute talks ahead of planned oil increase

The New Arab Staff

OPEC+ calls last-minute talks ahead of planned oil increase

Saudi Arabia and Russia called an informal meeting of OPEC+ ministers, which is likely to delay a planned oil production increase, just days ...

Saudi, Russia urge oil producers to adhere to limits

The New Arab Staff & Agencies

Saudi, Russia urge oil producers to adhere to limits

Saudi Crown Prince Mohammed bin Salman and President Vladimir Putin 'agreed on the importance of all oil-producing countries to continue ...

The New Arab Staff & Agencies

Global oil demand to recover by 2022: Aramco

Aramco's chief executive predicted the crude oil market could recover to pre-coronavirus levels by 2022, however the International Energy Agency said it would take at least a year longer.

Ali Bakeer and André Rodrigues Rocha

Is Turkey's new gas discovery a game changer?

While the discovery of Black Sea natural gas is highly significant both economically and politically, it may not reap the rewards that Turkey ...

The New Arab & agencies

Coronavirus has sparked a record drop in oil investment

The IEA has said the energy industry is set to suffer a record drop in investment because of Covid-19.

The New Arab & agencies

G20 energy ministers scramble to finalise oil output deal

G20 energy ministers held virtual meetings on Friday, while oil-producing countries waited to receive Mexico's consent to close the OPEC deal.

Attacks on Saudi Aramco cause record-breaking oil price jump

The New Arab & agencies

Attacks on Saudi Aramco cause record-breaking oil price jump

Markets saw the biggest percentage value jump in Brent crude since the lead up to the 1991 Gulf War, after attacks on oil processing plants in ...

The New Arab & agencies

Oil producers pledge to respect cuts as market sags

Saudi Arabia led calls to abide by promises on production curbs to drive up prices - with some including Nigeria and Iraq accused of exceeding ...

Oil prices drop further despite OPEC cuts, Iran sanctions

The New Arab

Oil prices drop further despite OPEC cuts, Iran sanctions

Oil prices have dipped again, despite OPEC production cuts and the potential for Iranian exports to be hampered by new US sanctions.

US set to overtake Saudi Arabia as oil producer

The New Arab

US set to overtake Saudi Arabia as oil producer

A resurgence among American shale companies, as oil prices stabilise, could see the US overtake Saudi Arabia and Russia as the world's leading ...

ADIA: Saudi Arabia losing market share to Iran, Iraq

The New Arab

ADIA: Saudi Arabia losing market share to Iran, Iraq

Saudi Arabia is losing market share to Iraq and Iran as a result of OPEC's agreement to curb oil supplies to bolster prices, ADIA head of ...

When will the Oil Age burn out?

Robert Cusack

When will the Oil Age burn out?

Economists disagree on the exact date the world will reach 'Peak Oil' - when global oil consumption will be at its maximum - but what is a ...

The New Arab & agencies

Aramco says low oil prices will end next year

Saudi Arabia's state oil producer has said a global supply glut will end in 2017, leading to higher prices at the pumps.

Shams Al-Shakarchi

The great global oil glut and the Gulf

With oil receipts typically accounting for 80 percent of a Gulf nations' revenues, how will the regimes cope with continued low oil prices?

The New Arab & agencies

Russia plans meeting with OPEC in October: ministry

Russia's energy ministry on Tuesday said it was making plans for a possible meeting with the Organisation of Petroleum Exporting Countries ...

The New Arab & agencies

Oil rebounds as Saudi hints at upcoming OPEC deal

Oil rebounded this week from recent lows after OPEC called for an informal meeting late September at which Saudi Arabia hinted producers could ...

Oil prices likely to tank yet further

Paul McLoughlin

Oil prices likely to tank yet further

Blog: Gulf states are being hit hard by a combination of slow global growth - including in China - and Iran's ambitious return to the world ...

AFP

Slow global demand for oil predicted for next year

The growth in global demand for crude will slow next year, as the allure of cheap oil fades and high stockpile levels provide a degree of ...

Three possible scenarios for oil prices in 2015

Mousa Mahdi

Three possible scenarios for oil prices in 2015

As the price of oil continues to drop, al-Araby al-Jadeed's Mousa Mahdi looks at three likely outcomes for oil producing countries in 2015.

Yemen economy in freefall as oil crises bite

Farouq al-Kamali

Yemen economy in freefall as oil crises bite

A fall in global oil prices and sabotage of pipelines has pushed country to the edge as its budget deficit widens.

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