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UN Commends Saudi’s Climate Action Plans as Saudi submits Emissions Pledge

The United Nations has praised Saudi Arabia's climate action measures after the Kingdom formally filed its Nationally Determined Contribution (NDC) emissions promise. HRH Crown Prince Mohammed Bin Salman Al Saud...
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OPEC+ Should Not Rush to Increase Production Despite Rising Prices – Saudi and Nigeria Oil Ministers

Saudi Arabia's oil minister, Abdulaziz bin Salman, stated in an interview with Bloomberg that OPEC+ needed to be careful in its approach to oil production changes despite rising prices. Higher...
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EU Leaders Split Over Response to Energy Crisis at Summit

During the first day of their summit on Thursday, the leaders of the twenty-seven (27) European Union member states debated ways to handle the present energy crisis for hours, deciding...
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Libya Hits Record-High Revenues for September amid Latest Oil Price Rally

The National Oil Corporation of Libya recorded $1.796 billion in monthly revenue from oil and related product sales in September, in a business record which is as a result of...
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Aramco Aims to Achieve Net Zero by 2050 – CEO; Saudi to Achieve Net Zero by 2060 – Crown Prince

Amin Nasser, President and CEO of Saudi Arabia's Aramco, said at the Saudi Green Initiative (SGI) Forum on Saturday that the company's goal is to reach net zero emissions by...
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Oil Prices Could Reach $100 per barrel Next Year – Iraq Oil Minister

According to Reuters, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael warned on Wednesday that due to low global commercial supplies, prices could exceed $100 per barrel in the first half...
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The US is Still Convincing OPEC to Pump More Oil

The United States is not giving up on its attempts to convince the Organisation of Petroleum Exporting Countries and its allies to pump more oil as retail fuel prices continue...
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South African Development Bank Secures $210 Million Loan for Green Energy Development

Pacific Investment Management Company (PIMCO) would lend the Development Bank of Southern Africa (DBSA) $210 million for green energy development, according to the United Nations Economic Commission for Africa (UNECA)....
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IEA Believes Energy Prices Will Continue to Rise without Significant Investment in Clean Energy

The International Energy Agency warns that global energy market volatility and price increases will continue without a significant increase in clean energy investment. Consumer consumption demands must be met by...
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Ghana: Occidental Petroleum Sells Stakes in Jubilee and TEN Oilfields

Occidental Petroleum Corporation, an American oil company, has sold its interest in the Jubilee and TEN oilfields off the coast of Ghana for $750 million. The two oilfields were sold...
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