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John Benny


Articles

A Petronas gas station in Kuala Lumpur, Malaysia. Getty Images
Malaysia's Petronas wins new exploration concession in Abu Dhabi

This is the third exploration concession granted to the company in the emirate

EnergySeptember 26, 2024
John Benny
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman. The kingdom is reported to be planning to ramp up oil output. EPA
Oil price falls as report claims Saudi Arabia is set to boost output

Officials in the kingdom 'are committed to bringing back' production as planned on December 1, according to Financial Times

EnergySeptember 26, 2024
John Benny
A Lebanese man stands among rubble after Israeli air strikes in Akbieh, southern Lebanon, on Tuesday. AP
Lebanon's economy may shrink by up to 25% in 2024 as war escalates

Economists predict major downturn early next year if Israel-Hezbollah conflict continues at current pace

EconomySeptember 24, 2024
Deena Kamel
Dr Sultan Al Jaber, chairman of Alterra and Cop28 president, says the fund was created to meet the urgency of the moment by seizing the opportunity of green industrialisation and climate action. Photo: Alterra
Alterra stakeholders back 40 gigawatts of renewable energy projects

Fund's stakeholders hold high-level round-table talks during New York Climate Week

ClimateSeptember 24, 2024
John Benny
Smoke billows from the site of Israeli airstrikes near Lebanese villages, as seen from Marjaayoun, southern Lebanon. EPA
Oil prices surge 3% on China stimulus and Middle East supply concerns

Brent trading 2.5 per cent higher at 2.21pm UAE time on Tuesday

EnergySeptember 24, 2024
John Benny
Al Dhafrah solar park in Abu Dhabi. By 2030, emerging markets and developing economies will need $2.4 trillion annually to combat the effects of climate change. Victor Besa / The National
Brookfield raises $2.4 billion for UAE-backed climate finance fund

Company announces four additional investment partners, including Temasek, GIC and Prudential

ClimateSeptember 23, 2024
John Benny
Traders work on the floor at the New York Stock Exchange in New York. EPA
Oil prices record weekly gain after US interest rate cut

US crude stocks, an indicator of fuel demand, decreased by 1.6 million barrels last week

EnergySeptember 20, 2024
John Benny
A screen showing stock exchange updates in Shanghai, China. EPA
US Fed interest rate cut boosts Asian stocks and oil prices

US stock markets closed with modest losses on Wednesday

MarketsSeptember 19, 2024
John Benny
Solar panels on the roof of a retail store in Pelham, New York. EPA
ExclusiveUS election results will not derail renewable energy, Irena chief says

'The world has changed' since Donald Trump’s election win in 2016, Francesco La Camera says

EnergySeptember 19, 2024
John Benny
Mohamed Jameel Al Ramahi, CEO, Masdar, during the panel discussion, Beyond Ambition, How do we responsibly deploy Low Carbon Energy? Victor Besa / The National
ExclusiveMasdar committed to open trade policy amid global supply headwinds, CEO says

Many energy storage technology projects are set to come up in the near future across the Gulf, Mohamed Al Ramahi tells The National

EnergySeptember 18, 2024
John Benny
Ras Al Khaimah Municipality completes its pilot solar carport project. The UAE is launching a solar panel initiative in the Northern Emirates to boost renewable energy and reduce electricity bills. Photo: RAK Municipality
UAE's new solar initiative could bring down home electricity bills

Consumers will get lower energy bills for adding power to the renewable energy grid, Etihad Water and Electricity says

EnergySeptember 17, 2024
John Benny
Data centres’ total electricity consumption could more than double to 1,000 terawatt-hours in 2026. Photo: Microsoft
Middle East's energy advantage could fuel AI growth

There are a lot of options in this region for supplying the energy that is needed by the data centres, Roberto Bocca says

EnergySeptember 16, 2024
John Benny
Alhaan Ahmed, co-founder and chief executive of ARDH Collective. Photo: ARDH Collective
Dubai's ARDH Collective turns date seeds into building material

Generation Start-up: Company says concrete made with unused resources is more environmentally friendly

BusinessSeptember 16, 2024
John Benny
The Central Bank of Libya in Tripoli. The regulator is the only authorised entity to manage the country's oil revenue. Reuters
Can Libya function without a central bank?

Libya is embroiled in a political conflict between two opposing groups vying for control of its central bank

EconomySeptember 14, 2024
John Benny
A power line damaged after Hurricane Francine hit Houma, Louisiana, and swept through US Gulf of Mexico oil and gas production zones. Getty Images
Oil declines as US Gulf of Mexico output resumes after hurricane

Prices have slightly rebounded after falling below $70 a barrel earlier this week

EnergySeptember 13, 2024
John Benny
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