The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone. The European single currency hit exactly one dollar -- its lowest level since December 2002 -- before...

Egyptian energy sector has implemented low-cost measures to improve energy efficiency in 31 petroleum companies.

The UN watchdog's director-general Rafael Mariano Grossi said the changes at the plant under mountains south of the Iranian capital had been verified.

Emerge and Miral signed an agreement to deploy on-site solar energy systems at the SeaWorld Abu Dhabi theme park on Yas Island. Emerge is a joint venture between UAE’s Masdar and France’s EDF, while Miral is Abu Dhabi’s leading creator of immersive destinations and experiences The project will have a...

Sri Lanka is facing its worst economic downturn since it gained independence from Britain in 1948.

Britain's new finance minister, Iraqi-born Nadhim Zahawi, has inherited a cost-of-living crisis that risks pushing the UK economy into recession. The former education minister was parachuted into the Treasury late Tuesday after predecessor Rishi Sunak's shock resignation over the culture of scandal plaguing Prime Minister Boris Johnson. Johnson also lost...

Gas consumption will contract slightly this year due to high prices and Russian cuts to Europe, with only slow growth over coming years as consumers switch to alternatives, the IEA said Tuesday.

An IMF team said in March that the country faced "major structural challenges", with low growth and investment, along with high unemployment and gaping inequality.

Amazon founder Jeff Bezos has criticized President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting the White House to come to the US leader's defense on Sunday.

DEWA has outlined expansion plans for the energy and water infrastructure based on demand forecasts until 2031, Al Tayer, MD and CEO of DEWA said.

Iraq received in excess of $11 billion as revenue for crude oil export in June, the Ministry of Oil said. Oil ministry was quoted as saying by the local media that "the total amount of crude oil exports for the month of June, according to the preliminary statistics issued by...

Speaking at the NATO summit in Madrid, Johnson said the "very, very tight labor market" and difficult "balance of our energy mix" add to inflationary pressures.

Jordan imported 11.8 million barrels of crude oil through the port of Aqaba, while a total of about 1.19 million barrels of Iraqi oil were imported since supply was launched at the beginning of September 2021 until end of 2021

France is looking to invest in energy, technology, water and industrial services sectors in Saudi Arabia, according to the French ambassador to the kingdom. Ludovic Pouille said at a press conference that the kingdom is an attractive region with a suitable environment for investments in all its vital sectors. The...

Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and contributing to the stagnation of global GDP. At the same time, persistently high food inflation will reduce and delay the fall in headline inflation, the Qatar National Bank report said.

Moscow said Thursday that G7 plans to cap the price of Russian oil would lead to a shortfall on world markets and soaring prices for European consumers. "This is another attempt to interfere in market mechanisms, which can only lead to market imbalance," Deputy Prime Minister Alexander Novak said, warning...

The talks aim to bring the United States back into a 2015 deal jettisoned by the Donald Trump administration in 2018.

The world's largest economy has been battered for months by a cresting inflation wave, made more painful by the surge in energy prices sparked after Russia's invasion of Ukraine.

Saudi oil giant Aramco has built new refineries in Jazan to boost its production capacity to 400,000 barrels a day to compensate for the fuel shortage triggered by curbs against Russia.

In a joint statement, the two countries directed their respective competent authorities to discuss investment opportunities in various fields.

An Algerian appeals court on Tuesday upheld a 20-year prison sentence for corruption against Chakib Khelil, energy minister for a decade under longtime president Abdelaziz Bouteflika, the APS news agency reported. The court also fined him two million dinars (about $13,600) and upheld prison sentences of five and six years...

Saudi Arabia’s Ministry of Investment will host a high-level Italian business delegation on Monday to explore mutually beneficial investment opportunities. The Italian delegation would be led by Italian Minister for Foreign Affairs and International Cooperation Luigi Di Maio. The forum will focus on finance, infrastructure and mobility, tourism and culture,...

Strata, Hyperganic and EOS will partner to build the energy-efficient AC.

Talks to revive the nuclear deal began in Vienna in April last year but hit a snag in March this year amid differences between Tehran and Washington.

From making solar energy available at 1.35 cents per kilowatt hour to building three of the world's largest solar parks, the Emirates has taken a lead in the fight against climate change.

The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United Nations Climate Change Conference of the Parties (COP28) next year.

France, one of the six world powers that agreed the 2015 deal, had on Friday appealed to Iran to "seize this diplomatic opportunity to conclude now, while this is still possible."

DEWA and Azerbaijan discuss investment in oil exploration and production projects, crude oil trading and reviewed issues of mutual interest in the energy sector, including renewable, oil and gas activities, as well as long-term investment opportunities

A delegation from the Abu Dhabi Department of Energy (DoE) is visiting Canada to meet senior government officials and stakeholders in the Canadian energy sector to discuss opportunities for collaboration

The OPEC Fund has partnered with Pakistan since 1976 and provided US$ 925 million financing in public and private sector loans.

High prices at the pump are weighing on American consumers and damaging President Joe Biden's approval rating.

Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable Energy Commission and he urged Arab nations to develop their own renewable energy industries rather than importing foreign technology

Saudi Arabia's Minister of Finance Mohammed bin Abdullah Al-Jadaan said energy security is very important for the economic growth and prosperity of countries in the world

Egypt hopes to jump-start the action needed to face a warming world when it takes the presidency of major UN climate talks in November but warns that countries need a "reality check" as progress stalls. Presiding over the inflection point when a decades-long United Nations climate process switches from negotiation...

ExxonMobil has taken a 6.25 percent stake in the expansion of Qatar's North Field, which contains the world's biggest natural gas reserves.

Lebanon's crumbling electricity sector has cost the country more than $40 billion since the end of its 1975-1990 civil war.

The partnership will enable access to a global hydrogen knowledge database and encourage cooperation with related initiatives and concerned entities.

Berlin has managed to reduce the share of its natural gas supplied by Russia from 55 percent before the invasion to 35 percent -- thanks to increased deliveries from countries like Norway and the Netherlands.

Eni will own a stake of just over three percent in the $28 billion North Field East project, the world's biggest natural gas field, said Qatar's Energy Minister Saad Sherida al-Kaabi, who is also president and CEO of state-owned Qatar Energy. France's TotalEnergies was its first, and largest, foreign partner...

The FANR has received 11 international review missions led by the International Atomic Energy Agency (IAEA)

Gazprom CEO Alexei Miller said that Moscow will play by its own rules after cutting daily gas supplies to Germany and Italy.

Petrol prices rose to record highs in Morocco on Thursday, fuelling anger among unions who demanded the government of energy tycoon Aziz Akhannouch act to protect consumers. Drivers in Morocco, which relies heavily on imported oil products whose prices have soared since Russia's invasion of Ukraine, must now pay 18...

The debt dates back to 2020, but payment was stalled amid sanctions against Iran by the United States.

Egypt and the European Union have reviewed and discussed enhanced cooperation on climate, energy and industrial transformation challenges ahead of COP27 in Egypt later this year. On Wednesday, on the occasion of the visit of European Commission President Ursula von der Leyen and her meeting with Egyptian President Abdel Fattah El...

Aramco publishes its first sustainability report which outlines ways in which the company plans to further tackle emissions while delivering reliable, affordable energy solutions and provides a set of interim targets it aims to achieve by 2035

Russia's war against Ukraine has exposed our European dependency on Russian fossil fuels, and we want to get rid of this dependency," European Commission President von der Leyen said.

Russia's Gazprom told Eni it would cut its gas supply by around 15 percent for Wednesday, the Italian energy giant said, amid tensions between Moscow and the West following its invasion of Ukraine. "Eni confirms that Gazprom has announced a limited reduction in gas supplies for today, amounting to around...

Demand is set to grow to 101.6 million barrels per day in 2023, according to the IEA, which advises developed countries on energy policy.

Iran on Tuesday said it still believes that negotiations can succeed to revive the 2015 nuclear deal with world powers, despite a recent rebuke from the UN nuclear watchdog.

The global oil demand is anticipated, according to the report, to average 101.8 mb/d in second half of this year, up from 98.7 mb/d on average seen in the first half.