Oil will Average $79.40 in 2022 – IEA
According to the International Energy Agency, which raised its oil price forecasts for 2021 and 2022, Brent Crude prices are likely to average $79.40 next year. According to the latest...
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Oil will continue to be the Single-Largest Share of Global Energy Mix Until 2045 – Barkindo
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, said oil will continue to be the fuel with the single largest share of the global energy...
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Egypt’s hosting of COP27 and the UAE’s hosting of COP28 Will Help to Reach Safer Coastlines in the Future – El Molla
Egypt's hosting of the COP27 climate conference next year, and the UAE's hosting of COP28 in 2023, are good opportunities to collaborate and develop initiatives that will assist the world...
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OPEC+ to Maintain Cuts as There Will Be Surplus of Supply in Q1 – UAE Energy Minister
OPEC+ may continue to ease cuts at the gradual pace it set in July, despite calls to boost supply to tame high prices. According to the energy minister of one...
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OPEC+ Not Bothered About Possible Release of SPR by U.S. – Oman’s Energy Minister
The Energy Minister of Oman, Mohammed Al-Rumhi, was quoted by FXStreet as saying that the OPEC+ group is unconcerned about a probable release from the US Strategic Petroleum Reserve (SPR)....
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COP26: “The Future is Coming, But It is Not Here Yet” – UAE Minister of Industry & Advanced Technology
Nearly 200 countries pledged to step up the fight against rising temperatures at the COP26 conference after two weeks of deliberations, but a “climate disaster” is looming, according to UN...
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Libya Overtakes Nigeria as Africa’s Leading Oil Producer
Libya has historically eclipsed Nigeria as the continent's top oil producer after surpassing Angola as Africa's second-largest oil production in December 2020. Nigerian oil production fell to 1.23 million barrels...
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Fossil Gas Have a Role to Play in Energy Transition, not Fossil Fuels – Head of EU Green Deal
According to Frans Timmermans, the head of the EU green deal, natural gas will likely be included in the European Union's energy transition plans because some member states that are...
Read More COP26: New COP26 Draft Agreement Retains Reference to Fossil Fuels
Despite a furious effort from big coal, oil, and gas producers to have it removed, a new version of the COP26 draft agreement was issued early on Friday and maintains...
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COP26: Saudi’s Energy Minister Refutes Claims the Kingdom is Blocking Climate Change Progress
Greenpeace's accusations were rejected by Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, who accused the campaigning organisation of spreading "lies" and "fabrications" about the Kingdom's climate change policies. The...
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