New Opec cuts may tighten markets considerably and widen the oil market deficit in the second half of this year, Emirates NBD said Monday. The regional banking group forecasts Brent to average…
The World’s Most Important Oil Price Is About to Change for Good
After years of wrangling, the world’s most important oil price is about to be transformed for good, allowing crude supplies from west Texas to help determine the price of millions of barrels…
The High Cost of Carbon Pricing
Amid the growing enthusiasm for carbon border taxes, Western policymakers have largely ignored the negative impact on the world’s poorest countries. For carbon-pricing policies to succeed, developed countries must show their commitment…
QatarEnergy enters into ‘farm-in’ agreement with ExxonMobil Canada for two offshore exploration licences
QatarEnergy has entered into a farm-in agreement with ExxonMobil Canada for two exploration licences offshore the province of Newfoundland and Labrador in Canada. Pursuant to the agreement, QatarEnergy holds a 28% working…
Qatar drives GECF LNG exports to 16.45mn tonnes in February
GECF LNG exports have jumped 12% (1.74mn tonnes) year-on-year (y-o-y) to 16.45mn tonnes in February, driven by Qatar, which is the forum’s top liquefied natural gas exporter, Doha-headquartered Gas Exporting Countries Forum…
LNG fleet expansion helps Nakilat eye robust global growth
Nakilat, whose liquefied natural gas (LNG) carriers account for about 10% of the global LNG carrying capacity, has said its greater fleet capacity and increased operational efficiency provide it with a “competitive”…
Another honour for Ashghal
Yet another feather in the cap for the Public Works Authority (Ashghal). In recognition of its distinguished health and safety performance, and wellness initiatives, Ashghal has been declared the overall winner of…
Warning to polluters: 3.6bn people are now climate vulnerable
While the world population reached 8bn on November 15, 2022 according to the United Nations, nearly 3.6bn people are now climate vulnerable. It is in this context that one should analyse the…
Climate, ice sheets and sea level: The news is not good
PARIS – Parts of earth’s ice sheets that could lift global oceans by metres will likely crumble with another 0.5 deg C of warming, and are fragile in ways not previously understood,…
Development banks must embrace nuclear energy
Multilateral development banks (MDBs) have historically been reluctant to invest in nuclear energy, and the World Bank has not financed a nuclear power plant since 1959. In the absence of MDB funds,…