Saudi Arabia-based power and water project developer ACWA Power announced Sunday it signed concession contracts with the Egyptian Ministry of Electricity to build three renewable energy power plants in Egypt. The thre...
Saudi oil minister Ali Al-Naimi said on Thursday the kingdom envisaged the fact that fossil fuels could become unnecessary before the middle of the century and was investing in renewable energy for that reason. “...
If lower oil prices are straining Saudi Arabia’s economy, it certainly does not show. In Riyadh, dozens of cranes loom over the King Abdullah Financial District, destined to be the kingdom’s answer to Canary Wharf in ...
Saudi Arabia and its main Middle East OPEC partners are turning down Chinese requests for extra oil as they hold back fuel for their own refineries just as demand from the world’s biggest crude importer hits new...
By Barani Krishnan Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day as the dollar rallied and on evidence that the United States and top oil exporter Saudi Arab...
Rates for the world’s biggest oil tankers surged to the highest since January as shipments accelerated from Saudi Arabia and Iraq, the two biggest suppliers in the Persian Gulf. Ships hauling 2 million barrel cargoes ...
The energy sector’s latest equipments and services were on show at a leading international trade exhibition for power, which concluded recently in Saudi Arabia. The 18th edition of Saudi Power saw hundreds of local an...
A jointly operated onshore oilfield between Saudi Arabia and Kuwait will shut for maintenance, a move apparently aimed at giving the Gulf OPEC allies more time to solve a long-standing dispute. A Kuwaiti industry sour...
Leading players in the electricity, power generation, alternative energy, water technology, and lighting sectors will be showcasing their products and solutions at the upcoming Saudi Power 2015 expo in Riyadh. The Sau...
Abu Dhabi National Oil Company (Adnoc) raised the retroactive prices of crude sold to Asia in April, after robust demand pushed up spot premiums for its grades. Prices were also boosted by a cut in supply of flagship ...