Energy
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Middle East pushes toward renewables to reduce dependency on oil-economy
Many Middle Eastern economies rely on fossil fuels to finance their budgets and sustain economic activity. The Middle East produces…
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Saudi Aramco reports greatest earnings since its 2019 IPO as oil prices surge
As global oil and gas prices continue to rise, profits at the state-owned energy company, Saudi Aramco increased by 82%…
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Amid concerns, OPEC signs deal to increase monthly oil output
As global markets tighten due to the EU’s consideration of barring Russian supply, OPEC (Organization of the Petroleum Exporting Countries)…
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Canada and Stellantis to fund production of electric vehicles under zero emissions initiative
Prime Minister Justin Trudeau of Canada announced a major federal investment in Stellantis’ project funding, which will modernize assembly plants and…
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Sharjah’s Waste to Energy Facility begins operations
The construction of the first Waste-to-Energy facility is completed in Sharjah, UAE. The project, Emirates Waste to Energy Company, is…
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Russia Company Holds Gas Supply to Poland and Bulgaria over Rouble Payments
Gazprom, a Russian energy company, said today that it had cut off gas supplies to Bulgaria and Poland for failing…
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Oil inflation might be a boon to the Middle East, but leaves other countries to deal with social unrest
Energy costs have risen faster than projected, and certain supply chain disruptions caused by the pandemic were expected to last…
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Biden administration reduces the amount of land that may be drilled in the Arctic reserve for oil and gas exploration
On Monday, the Biden administration announced that it will revert to an Obama-era plan that would allow the government to…
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Egypt secures three-billion-dollar deals to expand renewable energy output
Egypt has announced two large commercial agreements to expand the country’s production of green ammonia. In Ain Sokhna, Egypt’s Suez…
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India will continue to buy cheap Russian oil, citing national interest despite western pressure
The majority of India’s oil imports come from the Middle East, with Iraq and Saudi Arabia being the top two…
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