INSEAD Day 4 - 728x90

energy crisis

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.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Upstream investments in the oil and gas industry are still healthy and dwarf those made in low carbon projects and renewables as green funding are still billions short of what is required to meet COP requirements
  • Air pollution concerns on rise in Arab world: Report

    Recent global data indicates an alarming rate of pollution in several Arab countries, with Lebanon, Egypt, and Saudi Arabia among the top most polluted nations. The problem extends throughout the Middle East, as evidenced by high rankings for Iran and Turkey as well. Despite environmental initiatives and efforts towards sustainability,...
  • Global government spending on clean energy transitions rises to $1.2 trillion

    The increase brings total amount of investment support that governments have allocated to clean energy to $1. 215 billion.
  • German economy grew more than estimated in third quarter

    Gross domestic product grew "despite difficult general conditions in the global economy such as the continuing Covid-19 pandemic, delivery bottlenecks, continuing price rises and the war in Ukraine," it said. A separate survey on Friday showed that German consumer confidence has edged up again following a long period of decline,...
  • EU agrees ‘roadmap’ to contain energy prices

    The summit agreement set out a "solid roadmap to keep on working on the topic of energy prices", European Commission chief Ursula von der Leyen told a media conference. The published text calls on the European Commission and EU countries in the coming weeks to find ways to shield consumers from...
  • Biden has ‘no plans’ to meet Saudi Crown Prince at G20 summit: US

    Stormy US-Saudi relations have seen new strain over Riyadh's recent support for oil production cuts, with Biden warning of unspecified "consequences." The move last week by OPEC+ -- composed of the Riyadh-led OPEC cartel and a group of 10 exporters headed by Russia -- would reduce global output by up...
  • Biden to ‘re-evaluate’ Saudi ties after OPEC snub

    The 13-nation OPEC cartel and its 10 allies headed by Moscow angered the White House last week with its decision to cut production by two million barrels a day from November, raising fears that oil prices could soar.
  • War and energy crisis push US LNG industry to expand

    US suppliers have exported 1,574 billion cubic feet (44.6 billion cubic meters) of LNG to Europe so far in 2022, a sharp rise from the 917 billion cubic feet (26 billion cubic meters) in 2020, according to the Center for Liquefied Natural Gas, a Washington-based trade group that represents the...
  • Energy crisis feared by Europe long a reality in Iraq

    Soaring energy prices fuelled by Russia's war in Ukraine have forced a new reality upon European nations, where people are asked to limit the electricity they use for heating, lighting, and cooking. Some cities keep street lights on for shorter lengths of time, and in Paris, the lights illuminating the...
  • Fed up of perennial power cuts, Gaza turns to solar

    For most of Gaza's 2.3 million residents, living under a 15-year-old Israeli blockade, power cuts are a daily fact of life that impact everything from homes to hospital wards.
  • Crude prices surge as top producers plan to slash output

    The jump comes after both main contracts suffered hefty losses in recent months on demand fears caused by an expected recession in major economies.
  • RWE of Germany signs US$6.8bn US clean energy deal

    RWE is one of Germany's main energy providers, with production historically linked to coal, which placed it among the country's largest CO2 polluters. The group has accelerated its diversification into renewables in recent years.
  • 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 Danish side. The official added that the two leaks on the Swedish side are "close to each other". The Swedish coast guard could not immediately say why the latest leak...
  • 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 of widely derided annexation votes in occupied Ukrainian territories. "Last week, Russia has escalated the invasion of Ukraine to a new level," European Commission President Ursula von der Leyen said....
  • 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, the bloc's foreign policy chief Josep Borrell warned in a statement. Borrell called for an investigation into the leaks from the Nord Stream 1 and 2 pipelines, saying: "All available...
  • As Ukraine war grinds on, Saudi influence grows

    Saudi Arabia's unexpected role in brokering the release of foreign fighters detained in Ukraine was just the latest example of how the kingdom is seeking to bolster its international standing, diplomats and analysts say.  It also enables Riyadh to argue that preserving ties with Moscow -– a source of tension...
  • German bakeries struggle to survive as costs spiral

    Germany's center-left government has announced relief measures worth almost 100 billion euros to tackle inflation, but small businesses have so far been largely excluded from the help.
  • Europe throws billions at energy crisis

    Hundreds of billions of euros and counting have been shelled out so far since Russia invaded its pro-Western neighbor in late February. Governments have gone all out: from capping gas and electricity prices to rescuing struggling energy companies and providing direct aid to household to fill up their cars.
  • Gazprom halts pipeline gas flow in new jitters for Europe

    Gazprom said supplies via Nord Stream 1 were "completely stopped" for "preventative work" at a compressor unit, shortly after the the pipeline's operator, Entsog, announced that deliveries had stopped. The move comes as European countries have faced soaring energy prices since Russia invaded Ukraine in late February and subsequently curbed...
  • Uniper, German energy giant, records net loss of $12.5bn in H1

    Russia's war in Ukraine has caused turmoil in European energy markets, especially in Germany, which is heavily dependent on Russian gas.
  • Germany’s economic model wobbles amid energy crisis

    Germany's second-quarter growth figures to be published on Friday are expected to be meek as the outlook for Europe's largest economy is clouded by the fallout from Russia's war in Ukraine. A recession in the months to come has a growing sense of inevitability about it, observers say. And it...
  • Russia resumes critical gas supplies to Europe via Nord Stream

    Russia on Thursday resumed critical gas supplies to Europe through Germany, reopening the Nord Stream gas pipeline after 10 days, but uncertainty lingered whether the continent could avert an energy crisis this winter. "It's working," a Nord Stream spokesman said, without specifying the amount of gas being delivered.