LONDON, Dec 16 (Reuters) – Hedge fund managers piled back into petroleum last week after Saudi Arabia and its allies in the OPEC+ group of major oil exporters announced deeper-than-expected cuts to their production…
GECF highlights challenges posed by climate change at COP25
Gas Exporting Countries Forum (GECF) secretary-general Dr Yury Sentyurin spoke at the UN Climate Change Conference (COP25) that concluded in Madrid recently. Addressing the participants, the GECF official reaffirmed the crucial importance…
هيل إلى بيروت… القديم على قِدَمه؟!
منذ ولاية جورج دبليو بوش، إقترنت السياسة الاميركية بالنفط. تهتمّ أميركا أوّلاً بأسعار النفط الذي تستخدمه لبسط سيطرتها على الأسواق حاميةً بذلك اقتصادها الوطني، وفي الوقت عينه، تضغط من خلاله على قوى…
Qatar to sequester 7mn tonnes of CO2 by 2027, says al-Kaabi
Looking to advance efforts on sustainable development and the protection of the environment, Qatar is expected to increase its CO2 sequestration to 7mn tonnes by 2027, HE the Minister of State for…
PM attends signing of pact between QIA, Volkswagen
HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani witnessed the signing between Qatar Investment Authority (QIA) and Volkswagen AG for the ‘Project Qatar Mobility’ initiative. The…
Russian giant ready to join oil, gas exploration in Pakistan
ISLAMABAD: In a positive development, TatNeft – a Russian state owned oil and gas company that has so far drilled 50,000 wells all over the world is ready to join oil and…
Sweden’s energy deal collapses amid clash over nuclear power
* Capacity tax to be phased out over 2 years from 2017 * New reactors to be built to replace old ones (Adds Energy Minister comment, background) STOCKHOLM, June 10 (Reuters) –…
A new hope for US climate action
The United Nations Climate Change Conference (COP25) currently taking place in Madrid is supposed to prepare the ground for more ambitious national climate commitments. Nowhere is this more important than in the…
The Strait of Hormuz is the world’s most important oil transit chokepoint
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world’s most important oil…
EU fuels Indonesia trade tensions with 5-year biodiesel tariffs
BRUSSELS: The European Union imposed five-year tariffs on biodiesel from Indonesia to counter alleged subsidies to producers in the country, a move that could prompt the Indonesian government to retaliate. The EU…