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John Benny


Articles

Dr Sultan Al Jaber said the new facility will transform renewable energy into baseload energy. Victor Besa / The National
UAE launches around-the-clock renewable energy facility

Masdar and Ewec will work on the project that can produce 1 gigawatt of uninterrupted clean power

EnergyJanuary 14, 2025
Aarti Nagraj
Israel's annual budget deficit widened by nearly 77 per cent last year, as it spent more on financing wars against Hamas in Gaza and Hezbollah in Lebanon. AFP
Israel’s war spending exceeds $34bn as conflict persists

Last year alone, the total cost of war was $27 billion, finance ministry says

EconomyJanuary 13, 2025
John Benny
Offshore rig for oil drill on the shore of Walvis Bay, Namibia. The country aims to commence its first oil production by 2029. Reuters
ExclusiveShell’s $400m write down ‘not end of Namibia’s oil and gas dream’, minister says

Windhoek is still exploring nuclear power for its long-term energy mix

EnergyJanuary 13, 2025
John Benny
An Adnoc Logistics and Services barge. In November, Adnoc’s maritime unit took delivery of the first of six new LNG carriers from China. Photo: Adnoc
ExclusiveFreight rates set to rise amid decline in LNG shipping capacity

Adnoc's maritime unit is still closely monitoring the hostile Red Sea situation, executive says

EnergyJanuary 10, 2025
John Benny
Iranian technicians work at the Kharg oil terminal. Sanctions have raised the price of Iranian crude for China due to tighter shipping capacity and higher freight costs. EPA
Iran oil production faces collapse under Trump sanctions

More than 100 ships tied to Iranian crude trade since 2018 have been sanctioned, Goldman Sachs says

EnergyJanuary 08, 2025
John Benny
Adnoc Drilling's fourth-quarter revenue will reflect the initial earnings generated by its newly formed joint ventures. Photo: Adnoc
ExclusiveAdnoc's global expansion could fuel drilling unit growth, CFO says

Adnoc Drilling is seeking contracts for both drilling and oilfield services in Kuwait and Oman

EnergyJanuary 08, 2025
John Benny
The Royal Commission for Riyadh City launched the orange line of Riyadh Metro on Sunday. Photo: SPA
Riyadh Metro complete and operational with launch of new line

Three new stations also opened on the network's blue line

EconomyJanuary 05, 2025
John Benny
An oil rig in the Pacific. US president-elect Donald Trump has vowed to boost domestic oil and gas drilling by loosening environmental regulations and speeding up permits for new projects. EPA
Oil expected to average in the $70s in 2025 amid surplus and Trump impact

Anticipated tighter sanctions on Iran by the coming Trump administration may be a positive for oil prices in 2025, say analysts

EnergyJanuary 03, 2025
John Benny
A park in Shanghai. Crude consumption in China, the main engine of oil growth for nearly two decades, has shown signs of slowing this year. EPA
Oil prices end 2024 lower on expectations of market glut

Brent prices experienced a volatile year, ranging from a low of about $69 a barrel to a high of $92 a barrel

EnergyDecember 31, 2024
John Benny
People buy food outside a market at Eminonu commercial area in Istanbul. Turkey raised fuel taxes by 6 per cent to address its widening fiscal deficit and stabilise the country's finances without affecting the 2025 inflation goal. AP
How will Turkey's 6% fuel tax rise impact inflation?

The move will not hamper its 2025 inflation goal, country's finance minister says

EconomyDecember 31, 2024
John Benny
An Enoc petrol station in Dubai. Fuel prices in the UAE will remain unchanged in January, reflecting global oil market trends. Pawan Singh / The National
Fuel prices to remain unchanged in UAE in January

Petrol and diesel prices are closely tied to movements in the global oil market

EnergyDecember 31, 2024
John Benny
Rescuers work near the wreckage of the Jeju Air aircraft that crashed at Muan International Airport, South Korea. Reuters
Recent air crashes unlikely to affect travel demand, say aviation experts

Boeing shares tumble as South Korea orders safety inspections following Jeju Air's fatal crash on Sunday

AviationDecember 30, 2024
John Benny
The US emerged as the EU’s largest source of LNG following Russia’s invasion of Ukraine in 2022. Reuters
EU's green ambitions threaten its energy security as Qatar warns of LNG halt

Bloc faces a complex set of energy challenges, including a Trump presidency and compliance with strict regulations

EnergyDecember 26, 2024
John Benny
Eric Karobia, chief executive of Whizmo, says the digital mobile wallet can be used by 'a person, a business, or even multi-lane stores'. Photo: Whizmo
Whizmo seeks to redefine financial inclusivity in the UAE

Generation Start-up: The Whizpay Technology digital mobile wallet is designed to democratise financial services, says the company

MoneyDecember 23, 2024
John Benny
US president-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida. Reuters
Trump tells EU to buy US oil and gas or risk tariffs

The US is the EU’s largest trading partner and already a major supplier of crude oil and LNG

EconomyDecember 20, 2024
John Benny
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