INSEAD Day 4 - 728x90

Energy

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

Shell annual profit drops to US$19.4bn

Its revenue dived almost a fifth percent to US$316.6 billion.

Business

Oil sees fluctuating prices, shifting output trends

The crude oil market experienced significant volatility in the year 2023, with prices swinging dramatically, influenced by various global factors.

Business
Economy

Fourth leak detected at Nord Stream pipelines in Baltic Sea

A Swedish Coast Guard official said that there are two leaks on the Swedish side and two leaks on the...
  • Media reported that the latest leak was detected at the Nord Stream 2 pipeline, but the coast guard did not confirm this
  • The vast leaks cause significant bubbling at the surface of the sea several hundred meters wide, making it impossible to immediately inspect the structures
Geostrategy

EU proposes new Russia sanctions including oil price cap

European Union also plans to expand its travel blacklist and asset freezes to include high-ranking Russian defense officials and organizers...
  • The EU will also look to ban Russian exports worth $7 billion and tighten restrictions on goods flowing from the EU that could help Russia's war machine
  • The push for an oil price cap is aimed at limiting how much third countries, such as China and India, pay for Russian crude
Geostrategy

EU proposes new sanctions on Russian exports

The EU's executive proposed a new round of sanctions on Moscow over its latest "escalation" in Ukraine, including an oil...
  • As part of the new round of sanctions the commission is laying out a 'legal basis' for a price cap on Russian oil
  • It will also look to ban Russian exports worth $7 billion and tighten restrictions on goods flowing from the EU.
Geostrategy

UAE, Japan sign comprehensive strategic partnership pact

Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the...
  • The UAE-Japan strategic partnership agreement aims to bolster relations between the two countries to advance their common interests.
  • The key areas of the partnership include diplomacy, enhancing international development, humanitarian aid efforts, business, trade, energy.
Economy

EU sees Nord Stream pipeline leaks as ‘deliberate act’

Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with a robust and united response,...
  • European Council President Charles Michel tweeted that Nord Stream sabotage acts appear to be an attempt to further destabilize energy supply to EU
  • Sweden and Poland have already said sabotage was the most likely cause of the leaks from the pipelines in the Baltic Sea

Nord Stream 1 gas pipeline hit by leaks in Baltic Sea: authorities

Following the leaks, Jorgensen said the authorities called for "higher levels of preparedness in the electricity and gas sector" in...
  • The Nord Stream 1 leaks were first spotted Monday evening, hour after a drop in pressure was reported in Nord Stream 2, according to the Swedish Maritime Administration
  • As a result of the leaks, navigational warnings have also been issued for a distance of five nautical miles and a flight height of 1,000 meters
Geostrategy

IAEA asks Russia, Ukraine to secure nuclear plant

The head of the UN atomic energy watchdog - IAEA- said he was ready to continue talks in Ukraine and...
  • Fighting around Ukraine's Zaporizhzhia nuclear power plant -- Europe's largest -- has raised fears of a nuclear disaster.
  • The IAEA chief said that all efforts must be made in order to prevent a nuclear accident that would add tragedy to the suffering,
Economy

Saudi Arabia to set up five new renewable energy projects

The projects, whose total capacity reaches 3,300 MW, includes three which will utilize wind energy and two which will use...
  • The projects, whose total capacity reaches 3,300 MW, includes three which will utilize wind energy and two which will use solar energy
  • The projects are part of the National Renewable Energy Program as part of Saudi Arabia’s target to reach the best energy mix
Economy

Egypt’s gas export revenues up 13-fold in 8 years

Egypt’s natural gas and liquified natural gas (LNG) export revenues reached $8 billion in the fiscal year 2021-2022.
  • Egypt’s natural gas and liquified natural gas (LNG) export revenues reached $8 billion in the fiscal year 2021-2022
  • Egypt has quadrupled its exports of LNG and natural gas over the past eight years from 1.9 million tonnes to 7.2 million tonnes
Business

GHD, Fraunhofer–Gesellschaft to help develop UAE hydrogen policy

The Ministry of Energy and Infrastructure (MoEI) of UAE announced that it had signed an agreement with GHD Group, in...
  • UAE's National Hydrogen Strategy will help in formulating policies for energy-mix diversification strategies and net-zero targets by 2050.
  • Crucial elements must be in place for a booming hydrogen-based economy, including proper infrastructure, technological readiness and market access.

Shell annual profit drops to US$19.4bn

Its revenue dived almost a fifth percent to US$316.6 billion.
Business

Company News

Latest News

Jordan’s interconnection projects to serve as hub for energy exchange

AMMAN, JORDAN -The Kingdom’s Ministry of Energy and Mineral Resources has emphasized the significance of current and upcoming electrical interconnection...
Geostrategy

California sues oil giants, alleges environment, climate-risks deception

The US state of California sued five of the world's largest oil companies, alleging the firms caused billions of dollars...
Business

Oil prices at a crossroads as production cuts persist

Oil stocks drop as Saudi Arabia and Russia extend a 1.3 million barrel per day oil supply reduction, leading to...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Turkey casts doubt on need for new Russian gas hub

Putin first raised the idea of creating "a gas hub in Turkey for supplies to other countries" during talks with...
  • Turkish Energy Minister Alparslan Bayraktar told a group of reporters on Thursday that Turkey already had a well-functioning gas trading platform
  • Russia currently ships gas to Turkey via two pipelines running under the Black Sea and Turkey sends some of that gas onto southeastern European countries
Economy

Saudi and Russian oil cuts to cause big supply shortfall: IEA

The IEA said world oil demand remains on track to grow by 2.2 million bpd to 101.8 million bpd this...
  • The warning comes a day after oil prices jumped following OPEC's own update
  • Saudi Arabia and Russia said that they would extend voluntary cuts until the end of the year
Geostrategy

IEA forecasts energy demand to reach record high this decade

The IEA's annual World Energy Outlook, due out next month, will show that "the world is on the cusp of...
  • The shift will have implications for the battle against climate change as it will bring forward the peak in greenhouse gas emissions, IEA executive director Fatih Birol said.
  • "This is the first time that a peak in demand is visible for each fuel this decade," he wrote in FT, adding that this was happening sooner than anticipated.