Norway to Continue Producing Oil & Gas – PM Jonas Gahr Store
The new Prime Minister, Jonas Gahr Store, told the Financial Times in his first interview after taking office that Norway will not stop producing oil and gas because it would...
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Underinvestment in Oil is a Huge Concern – Aramco’s CEO
Crude oil production capacity is declining around the world, and greater investments in new production are urgently needed, according to Aramco's CEO, Amin H. Nasser. Spare oil production capacity is defined...
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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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