Tag: Energy
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Qatar Energy raises the price of Al-Shaheen crude oil for April delivery
Qatar Energy Company intends to raise the official selling prices for Al-Shaheen crude for next April loading, after it recorded its lowest level in 21 months in March. Qatar is scheduled to increase the future price of Al-Shaheen crude in April by about $1.21, compared to next March shipments. Qatar Energy set the price of…
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Putting energy companies on the Egyptian Stock Exchange.. Will it save the economy? (article)
At the outset, and before talking about listing energy companies on the Egyptian Stock Exchange, I would like to point out the extreme importance of the stock exchange, as it is a major indicator of the state of the economy, and the greater the supply thereof, the greater the volume of trading and the growth…
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UAE Energy Minister: The oil market faces challenges in 2023..and this is the role of OPEC + (video)
The UAE Minister of Energy, Suhail Al Mazrouei, confirmed that the global oil market faces several challenges during the current year (2023), most notably the lack of investment. And he stressed, in press statements on the sidelines of the World Government Summit – hosted by the UAE – the need to pump new investments in…
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Emirates energy shares rise after achieving record business results in 2022
The Emirati energy stock rose during trading today, Tuesday, February 14, after announcing record business results during the past year (2023), with the support of the oil and gas sector and the increase in expansion of renewable energy projects. Abu Dhabi National Energy Company, one of the largest integrated utility companies listed in the financial…
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OQ Oman sells 20% of the shares of Abraaj Energy Services
OQ Oman announced the sale of 20% of the shares of Abraaj Energy Services Company, a subsidiary of the group, about a month before it was listed on the Muscat Stock Exchange. The giant Omani energy company signed the sale agreement with the Saudi Omani Investment Company, as part of efforts to attract foreign investments,…
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The Energy Information Administration raises oil price forecasts in 2023
The US Energy Information Administration raised its forecast for oil prices in 2023, and also strengthened its estimates for US crude production. And the Short-Term Energy Outlook report for February 2023 – issued today, Tuesday (February 7) – showed that the average price of West Texas Intermediate crude oil may reach $ 77.84 per barrel…
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Will oil prices rise to $180?.. Omani Energy Minister answers (video)
Omani Energy Minister Salem Al-Awfi said that oil prices are difficult to determine accurately. Even the expectations of international financial institutions differ from month to month. Today, Monday, February 6, 2023, Al-Awfi said that the production of oil and condensate exceeds 1.1 million barrels per day, with the possibility of increasing production quickly without delay,…
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Mauritania grants Total Energy the rights to explore for oil and gas in the coastal basin
Mauritania granted Total Energy the rights to explore for oil and gas in block C15 in the coastal basin, as part of its strategy to develop its hydrocarbon resources. The Ministry of Petroleum, Minerals and Energy said that the Council of Ministers approved, during its meeting yesterday, Thursday, in the city of Rosso, a draft…
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Fears of fuel shortages in France after halting Total Energy shipments
Fears of a fuel shortage have been renewed in France, due to the new nationwide strike today, Tuesday (31 January), against pension reform. As the strike led to a decrease in electricity production and the cessation of deliveries from Total Energy sites, according to information seen by the specialized energy platform, and what was published…
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Total Energy is accused of “greenwashing”…and the French company is responding
It appears that accusations of “greenwashing” will continue to haunt France’s Total Energy, which has repeatedly asserted that it is on track to achieve carbon neutrality by 2050. The giant energy company has been accused of “greenwashing” since December 2021, as part of an investigation into “misleading commercial practices” in the field of the environment,…
