Energy Industry

UAE energy chief doubles down on OPEC alliance with Russia
Mar 28, 2022

UAE energy chief doubles down on OPEC alliance with Russia

The United Arab Emirates’ energy minister has doubled down on an oil alliance with Russia that’s helped buoy crude prices to their highest in years as Moscow's war on Ukraine rattles markets and sends energy and commodity prices soaring


Egypt's central bank raises interest rates, cites Ukraine
Mar 21, 2022

Egypt's central bank raises interest rates, cites Ukraine

The Central Bank of Egypt has raised its key interest rate for the first time since 2017, citing inflationary pressures triggered by the coronavirus pandemic and Russia's war in Ukraine


Saudi Arabia says it's not responsible for high oil prices
Mar 21, 2022

Saudi Arabia says it's not responsible for high oil prices

Saudi Arabia says it “won’t bear any responsibility for any shortage in oil supplies to global markets” after attacks by Yemen’s Iran-backed Houthi rebels have affected the kingdom’s production


Saudi Arabia says Yemen rebels target its energy facilities
Mar 20, 2022

Saudi Arabia says Yemen rebels target its energy facilities

Saudi state-run media says that Yemen’s Houthi rebels have unleashed a barrage of drone and missile strikes on Saudi Arabia that targeted a liquified natural gas plant, water desalination plant, oil facility and power station


EU foreign policy chief says 'pause' needed in Iran talks
Mar 11, 2022

EU foreign policy chief says 'pause' needed in Iran talks

The European Union’s foreign policy chief says “a pause” is needed in ongoing talks over Iran’s tattered nuclear deal with world powers


Iran's president meets Qatar emir in Doha ahead of gas forum
Feb 21, 2022

Iran's president meets Qatar emir in Doha ahead of gas forum

Iran’s president has arrived in Qatar and was welcomed in an official ceremony by the country’s ruling emir


Report: Iran's president arrives in Qatar for gas summit
Feb 21, 2022

Report: Iran's president arrives in Qatar for gas summit

Iran's state-run news agency says the country's president has arrived in Qatar to join a summit of gas exporting countries


US, Egypt launch group to prepare for COP27 climate summit
Feb 21, 2022

US, Egypt launch group to prepare for COP27 climate summit

The United States and Egypt have launched a joint work group to prepare for the next United Nations climate change summit in November


Surprise ruling threatens wedge between Iraq, Kurdish govts
Feb 16, 2022

Surprise ruling threatens wedge between Iraq, Kurdish govts

A surprise ruling by Iraq’s high court has cast doubt on the legal foundations of the independent oil policy of Iraq’s Kurdish-run region


Analysis: As Mideast wars encroach on UAE, US gets drawn in
Feb 5, 2022

Analysis: As Mideast wars encroach on UAE, US gets drawn in

The wars of the wider Middle East that long surrounded the United Arab Emirates now have encroached into daily life in this U.S.-allied nation