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John Benny


Articles

The International Energy Agency expects fossil fuel demand to peak before 2030. AP
World Energy Council chief calls for 'mature' debate on fossil fuel role

Coal, oil and gas will continue to play a big role in certain sectors and emerging economies, Angela Wilkinson says

BusinessFebruary 17, 2024
Fifth Avenue in New York. Retail sales in the US last month dropped by 0.8 per cent, the biggest decline in about a year. AP
Oil prices post weekly gain amid hopes of Fed lowering rates

Retail spending in the US, the world’s largest economy, fell more than expected in January

EnergyFebruary 16, 2024
The International Energy Agency expects crude demand to grow by 1.22 million barrels per day this year, compared with 2.3 million bpd in 2023. Bloomberg
Oil extends losses after IEA forecasts slower demand growth

Energy agency expects global supply to increase to a record 13.8 million barrels per day in 2024

EnergyFebruary 15, 2024
Staff on the control panel at a Tabreed Cooling Plant, Abu Dhabi. The company hopes to maintain its annual revenue growth rate of 9 per cent this year. Khushnum Bhandari / The National
ExclusiveTabreed aims for 9% revenue growth amid global expansion plans

Company plans to use India as a springboard to expand into Southeast Asia, CEO says

EnergyFebruary 15, 2024
For the full year 2023, Adnoc L&S’ net profit surged to $620 million. Photo: Adnoc L&S
Adnoc L&S Q4 profit surges 89% on logistics business growth

Company’s board recommends cash dividend of $130 million for the second half of 2023

EnergyFebruary 15, 2024
India's Prime Minister Narendra Modi addressing global leaders at the World Governments Summit in Dubai. AFP
India begins talks with IEA for full membership

India, which joined the IEA as an association country in 2017, sent a formal request for full membership in October 2023

EnergyFebruary 14, 2024
Smoke from a refinery in Iraq's Maysan province. Prime Minister Mohammed Shia Al Sudani has welcomed the entry of Saudi companies into the Iraqi market. AFP
Iraq and Saudi Arabia discuss oil market co-operation

Prime Minister Al Sudani meets Energy Minister Prince Abdulaziz in Baghdad

EnergyFebruary 14, 2024
The Taqa display at the World Future Energy Summit in Abu Dhabi. Victor Besa / The National
Taqa’s 2023 net profit more than doubles to $4.5bn on strong demand

Board proposes final cash dividend of $600 million

EnergyFebruary 14, 2024
Fertiglobe said it achieved $25 million of run-rate savings as at the end of 2023. Photo: Fertiglobe
Fertiglobe records lower Q4 profit amid fall in nitrogen prices

Net profit to the end of December stood at $94.5 million compared with $171.9 million a year earlier

EnergyFebruary 14, 2024
Adnoc's headquarters in Abu Dhabi. The company is building its international natural gas portfolio. Khushnum Bhandari / The National
Adnoc and BP form joint venture for gas development in Egypt

Partnership aims to enhance energy security and economic potential of the region’s most populous Arab country

EnergyFebruary 14, 2024
Fatih Birol, head of the International Energy Agency, said clean energy and technologies to lower carbon emissions are moving in the 'right direction'. Bloomberg
Birol says oil companies agree with IEA's peak demand prediction

But Opec secretary general Haitham Al Ghais says hitting that plateau is 'something way far out'

EnergyFebruary 13, 2024
Oil rig pumpjacks extract crude from the Wilmington Field deposits area in California. Global prices have undergone a decline. Reuters
Oil prices drop amid hopes of diplomatic resolution in Gaza conflict

Saudi Arabia’s Energy Minister says kingdom has huge cushion of spare oil capacity in case of major disruption to global supplies

EnergyFebruary 12, 2024
Investcorp Capital began trading on the Abu Dhabi Securities Exchange on November 17 following an initial public offering that raised $451 million. Photo: Investcorp
Investcorp Capital records fourth quarter profit of $21m

Parent company Investcorp plans to list more of its portfolio businesses in the Gulf region, co-chief executive says

MarketsFebruary 12, 2024
Adnoc Gas has access to 95 per cent of the UAE's natural gas reserves, the seventh largest globally. Photo: Adnoc
Adnoc Gas reports 24% jump in fourth quarter profit

Company plans to invest between $2 billion and $2.5 billion in 2024, marking a 'significant' increase from the previous year

EnergyFebruary 12, 2024
A rendering of the air taxi set to operate in Dubai. The initial network will include four vertiports near Dubai International Airport, the Palm Jumeirah, Downtown Dubai and Dubai Marina. Photo: Dubai Media Office
Dubai signs agreement to launch air taxi services by 2026

Journey from Dubai Airport to the Palm Jumeirah is expected to be cut from 45 minutes to 10 minutes

AviationFebruary 11, 2024
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