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John Benny


Articles

US president-elect Donald Trump's stance on Iran could impact the crude market in the longer term. Reuters
Trump-led US may tighten oil markets with stricter sanctions on Iran and Venezuela

However, crude prices fell nearly 2 per cent on Wednesday on a stronger dollar and potential demand slowdown

EnergyNovember 06, 2024
John Benny
Vitol chief executive Russell Hardy. Victor Besa/The National.
Adipec 2024: Peak oil demand is 10 years away, Vitol CEO says

China's peak oil demand will be 'significant' inflection point globally, Energy Institute head says

EnergyNovember 05, 2024
John Benny
From left, moderator Becky Anderson from CNN, Murray Auchincloss, CEO of BP, Wael Sawan, CEO of Shell, Tengku Muhammad Taufik, CEO of Petronas, Musabbeh Al Kaabi, executive director of Low Carbon Solutions & International Growth at Adnoc, and Claudio Descalzi, chief executive of Eni at a panel session at Adipec. Antonie Robertson / The National
World's oil firm bosses see Middle East conflict as greatest threat

Opec supply cuts adding to oil market volatility, Eni chief says

EnergyNovember 04, 2024
John Benny
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, says the UAE 'will always choose partnership over polarisation'. AP
Providing sustainable energy 'more important than ever', Dr Sultan Al Jaber says

AI and rise of Global South will offer 'mega opportunities' for energy industry, UAE minister tells Adipec

EnergyNovember 04, 2024
John Benny
MBC, which was founded more than 30 years ago, operates several popular television channels and digital platforms across the Middle East and North Africa region. Photo: MBC Group
Saudi Arabia’s PIF to take majority stake in MBC Group

Istedamah Holding Company, a major shareholder, has agreed to sell its entire stake in the media company

MarketsNovember 03, 2024
John Benny
Adnoc stall at Adipec 2023. Victor Besa / The National
Adipec 2024: Energy leaders to convene in Abu Dhabi

More than 2,200 exhibitors and high-profile speakers will gather at the annual event starting Monday

EnergyNovember 03, 2024
John Benny
The Panorama Command Centre and Artificial Intelligence space at the Adnoc headquarters in Abu Dhabi. Khushnum Bhandari / The National
AI will drive decarbonisation and energy efficiency, say executives

Joint study by Adnoc, Masdar and Microsoft surveyed more than 400 global leaders, including Nvidia chief Jensen Huang and BlackRock's Larry Fink

EnergyOctober 31, 2024
John Benny
The UAE liberalised fuel prices in 2015 to allow them to move in line with the market. Pawan Singh / The National
UAE petrol and diesel prices to rise next month

Motorists in the Emirates will pay more at the pump next month

EnergyOctober 31, 2024
John Benny
An Adnoc Drilling oil platform. The company has revised its profit forecast for this year. Photo: Adnoc
Adnoc Drilling’s third-quarter net profit rises 30%

Abu Dhabi company’s revenue during the three-month period grew 32 per cent to exceed $1 billion

EnergyOctober 30, 2024
John Benny
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman said his country has learnt from 'everybody's problems and mistakes' in carbon markets. Reuters
Saudi Arabia’s carbon market will align with its economy

The kingdom is still committed to maintaining its crude capacity of 12.3 million barrels per day, Prince Abdulaziz Bin Salman says

EnergyOctober 29, 2024
John Benny
Inauguration of the first green hydrogen-based steel project in Abu Dhabi. Victor Besa / The National
Middle East's first green hydrogen-based steel project begins in UAE

The pilot project by Emsteel and Masdar was announced in November and has already started producing green steel

EnergyOctober 28, 2024
John Benny
A general view of Tehran after several explosions were heard in Tehran on Saturday. AFP
Oil posts weekly gain amid supply disruption fears in Middle East

Israel attacks Iran military sites, escalating tensions between the two countries

EnergyOctober 25, 2024
John Benny
Adnoc Drilling's offshore platforms. The oilfield services business makes up about 17 per cent of the company’s revenue. Photo: Adnoc
Adnoc Drilling JV aims to conclude planned acquisitions by next year

Launched in January, Enersol is a tech-centric investment platform focused on the oilfield services business

EnergyOctober 25, 2024
John Benny
The New York Stock Exchange. US retail sales rose 0.4 per cent in September. EPA
Global stocks gain on China stimulus hopes

The Federal Reserve Bank of Atlanta increased its estimate for US GDP growth in the third quarter

MarketsOctober 19, 2024
John Benny
Russian President Vladimir Putin during a meeting with heads of media outlets from the Brics member countries in Novo-Ogaryovo, Russia. EPA
Brics leaders push for deeper economic ties

Brics' share of global GDP ‘strongly exceeds‘ that of the G7 nations, Russian President Vladimir Putin says

EconomyOctober 19, 2024
John Benny
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