February 1, 2023

Green energy investment tops $1 trillion, matches fossil fuels

Paris – Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after exceeding $1 trillion last year, a report on Tuesday......

January 24, 2023

Oil prices retreat in thin trade, but China outlook offers support

London, SANA- Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week’s......

January 23, 2023

Opec Fund nets $1bn for project finance with debut SDG bond

The Opec Fund for International Development (Opec Fund) said it has priced its inaugural benchmark bond issue in the capital markets using the sustainable development goal (SDG) bond......

January 16, 2023

Energy industry lies at the core of making net zero possible

We have pledged one of the biggest steps in the history of our organisation — to reach net zero in 10 years. For any company in any sector, that is a huge goal. For us, it is......

January 14, 2023

Higher oil prices and improved macro-outlook to support GCC sukuks

The favourable oil market dynamics and the macro-outlook for the GCC is supportive of regional sukuks in the medium term, a new report said. 'Issuer fundamentals should continue......

January 13, 2023

Energy, food, inflation, cost-of-living main short-term global risks

Over the next two years, the cost-of-living crisis will pose the biggest global risk, a survey by the World Economic Forum warned ahead of its meeting in Davos next week. Climate......

January 13, 2023

OPEC daily basket price at $78.23 Wednesday

VIENNA, 12th January, 2023 (WAM) -- OPEC daily basket price stood at US$78.23 a barrel Wednesday, 11th January 2023, compared with US$77.00 the previous Tuesday, according to OPEC......

January 10, 2023

CTCI awarded a portion of the Ras Laffan petchem project

CTCI Corporation, one of the world's leading engineering, procurement, and construction (EPC) companies announced that it was awarded a portion of the Ras Laffan Petrochemicals......

December 19, 2022

French growth to slow in 2023 due to energy crisis, inflation: CB

PARIS: French economic growth will slow considerably in 2023 due to the energy crisis and inflation, before bouncing back in 2024 and 2025, the central bank forecast on Saturday.......

December 19, 2022

China's renewable energy capacity expands in Jan-Nov-

BEIJING, 17th December, 2022 (WAM) -- China's installed capacity of renewable energy has continued to expand in the January-November period amid the country's pursuit of green......