The emirate plans to produce 75% of its power output from clean sources by 2050
Petrol rates are down around 6.5 per cent as Brent crude prices continue bearish streak
Abdalla El-Badri said prices need to recover for investment to return
Most Gulf states have cut spending to offset dropping oil revenues
Organisation suggests the market could ‘drown in oversupply’
The oil giant was jointly developing the Bab sour gas project with ADNOC
Cooperation between market forces will help the market stabilise, said Ali al-Naimi
Concept is claimed to be the first of its kind in the Middle East
Minister of environment and water suggests the target was ‘conservative’
Emirate had set a goal of cutting carbon emissions prior to the COP 21 agreement
World powers officially lifted sanctions on Iran on Saturday
The deal is expected to help Iran unfreeze billions in assets
Crude oil prices touched a 12-year low of just over $31 per barrel last week
US bank warns of further declines if the currency’s strength continues
Regional governments must implement measures to mitigate impact of higher energy prices on consumers and businesses
Sukuk issuances are expected to fall by up to 20.6 per cent year-on-year in 2016
The group estimated that prices will recover gradually by 2020 but warned that members’ share of the market might shrink
Potential areas for collaboration under the deal include the upstream oil and gas sector outside the UAE
The agreement calls for addressing global warming and the cutting of greenhouse gas emissions
Crude oil prices have more than halved since hitting highs of around $114 in June 2014
Khalid al-Falih said studies for a potential IPO were ongoing
The 605-megawatt Green Duba power plant will produce 43 MW of solar energy
Higher oil prices don’t always benefit producers or consumers, says Abdullah Bin Hamad Al-Attiyah
Countries in the region are increasingly setting renewable energy targets making the region fertile for energy investments, an official said
The company is seeking funds to refinance loans taken for the Emal projects, sources said
The price of a litre of octane 95 gasoline will drop 5 per cent to Dhs 1.7 from Dhs 1.79 in October
Allowing energy prices such as gasoline to rise would be one of the biggest economic reforms in Saudi Arabia
He said the UAE would not try to impose a correction on the market, but that fundamentals were indicating there would be one
OPEC ministers meet in Vienna on December 4 to decide production policy