Global oil demand hits seasonal highs

Global oil demand hit a seasonal high in December, marking the eighth monthly record of 2023, according to new data

Oil deals at climate talks? UAE’s COP28 plans leaked

Leaked documents reveal that the UAE planned to utilise its role as the host of COP28 to engage in oil and gas deals with at least 15 nations

‘OPEC+ considers extension of oil cuts’

Saudi Arabia is reportedly leaning toward extending its one million barrel per day oil production cut into the next year in response to declining oil prices

Energy giants secure record-breaking Saudi solar project deal

Masdar, EDF Renewables and Nesma Renewable Energy have secured a PPA for the 1,1GW Al Henakiyah Solar Plant in Saudi Arabia, one of the planet’s largest single-site solar projects

Former UK Prime Minister: Oil titans should face global climate tax

Gordon Brown has proposed a $25 billion global windfall tax to support climate initiatives in poorer countries

Oil prices surge as Saudi Arabia commits to output reductions

Oil prices have experienced a notable increase following Saudi Arabia’s announcement of cutting one million barrels per day in July

First shipment of ‘low carbon ammonia’ reaches Japan

Aramco has sold the cargo to Fuji Oil Company for it to be used for power generation, as Japan looks to change its combustion process

OPEC+ production cut sparks oil price surge

The announcement of the production cut of one million barrels per day caused the oil price to surge and shares of energy giants to rise by 4%

OPEC+ oil cuts deepen energy crisis

Several major oil-exporting nations, including Saudi Arabia and Iraq, have announced surprise production cuts as the world continues to grapple with an ongoing energy crisis

Smart meter sales boom – billions set to be made!

Revenue from smart meters will exceed $60 billion by 2027, new research has found