Al Dhafrah solar park in Abu Dhabi. Masdar aims to expand its capacity to at least 100 gigawatts of renewable energy by the end of the decade, from about 20 gigawatts at present. Victor Besa / The National
Masdar committed to open trade policy amid global supply headwinds, CEO says

Many energy storage technology projects are set to come up in the near future across the Gulf, Mohamed Al Ramahi tells The National

September 18, 2024, 5:00 AM
Ras Al Khaimah Municipality completes its pilot solar carport project. The UAE is launching a solar panel initiative in the Northern Emirates to boost renewable energy and reduce electricity bills. Photo: RAK Municipality
UAE's new solar initiative could bring down home electricity bills

Consumers will get lower energy bills for adding power to the renewable energy grid, Etihad Water and Electricity says

September 17, 2024, 12:26 PM
Data centres’ total electricity consumption could more than double to 1,000 terawatt-hours in 2026. Photo: Microsoft
Middle East's energy advantage could fuel AI growth

There are a lot of options in this region for supplying the energy that is needed by the data centres, Roberto Bocca says

September 16, 2024, 3:34 PM
Alhaan Ahmed, co-founder and chief executive of ARDH Collective. Photo: ARDH Collective
Dubai's ARDH Collective turns date seeds into building material

Generation Start-up: Company says concrete made with unused resources is more environmentally friendly

September 16, 2024, 4:00 AM
The Central Bank of Libya in Tripoli. The regulator is the only authorised entity to manage the country's oil revenue. Reuters
Can Libya function without a central bank?

Libya is embroiled in a political conflict between two opposing groups vying for control of its central bank

September 14, 2024, 4:00 AM
A power line damaged after Hurricane Francine hit Houma, Louisiana, and swept through US Gulf of Mexico oil and gas production zones. Getty Images
Oil declines as US Gulf of Mexico output resumes after hurricane

Prices have slightly rebounded after falling below $70 a barrel earlier this week

September 13, 2024, 9:38 AM
The Bund waterfront area in Shanghai. China's economic slowdown and a shift towards alternative energy sources are fuelling a dip in oil consumption, the International Energy Agency says. Bloomberg
IEA cuts 2024 oil demand forecast on slowdown in Chinese economy

Oil consumption in the world's second-largest economy declined for a fourth consecutive month in July

September 12, 2024, 11:42 AM
A Bharat Petroleum fuel station in Maharashtra. India is expected to be the largest source of oil demand growth until 2030, the International Energy Agency says. Bloomberg
Abu Dhabi awards oil and gas block to Indian joint venture company

Urja Bharat granted production rights for onshore Block 1 in Al Ruwais

September 12, 2024, 10:26 AM
Mubadala Energy, formerly Mubadala Petroleum, has been operating in Indonesia since 2004. Photo: Mubadala Energy
Mubadala Energy to explore for Indonesian offshore oil and gas

Abu Dhabi company completes drilling campaign in the South Andaman area

September 11, 2024, 11:41 AM
Global oil demand growth is now forecast to reach 2 million bpd this year, down 80,000 bpd from Opec's previous estimate. Reuters
Oil prices fall below $70 for first time since 2021

Opec lowers demand growth forecast for 2024 and 2025 for second consecutive month

September 11, 2024, 5:25 AM
Opec headquarters in Vienna, Austria. Production by Opec’s 12 members averaged 26.59 million bpd last month, 197,000 bpd lower than in July. EPA
Opec revises down oil demand forecast for second straight month

The revision in numbers mainly reflects the latest data, the producers' group says

September 10, 2024, 1:44 PM
An oil rig off the US Pacific coast. Crude futures dropped last week, despite Opec+'s decision to extend voluntary oil output cuts of 2.2 million barrels per day until the end of November. EPA
Oil prices rebound on supply concerns after last week’s sell-off

Investors to keep a close eye on the US Consumer Price Index data due on Wednesday

September 09, 2024, 12:02 PM
Indian Prime Minister Narendra Modi welcomes Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, at Hyderabad House in New Delhi. EPA
Adnoc signs 15-year LNG supply deal with India

Agreement reached during visit by Sheikh Khaled bin Mohamed to New Delhi

September 09, 2024, 11:52 AM
The Duqm refinery in Oman. OQEP’s potential listing marks the latest addition to a series of IPOs on Oman’s main stock exchange. Photo: OQ8
Oman energy company OQ plans IPO of E&P subsidiary

Subscription period will begin this month, pending approval from Oman's Financial Services Authority

September 09, 2024, 9:43 AM
Wind turbines at an offshore wind farm in the Baltic Sea off the coast of Germany. EPA
Is the world on track to meet its renewable energy goals?

Almost 200 countries pledged to triple global renewable energy capacity by 2030 at the Cop28 climate conference

September 08, 2024, 3:25 AM