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John Benny


Articles

The Opec+ group has total production cuts of 5.86 million barrels per day in place. Reuters
Oil posts weekly loss as tensions ease in Middle East and demand uncertainty grows

Opec+ has postponed its meeting from December 1 until December 5

EnergyNovember 29, 2024
John Benny
EDF is also interested in participating in any future nuclear power plant projects in the UAE. Bloomberg
'Biggest in the world': Vast hydropower plant planned for RAK

Project will be capable of storing energy for up to 12 hours, EDF's regional head says

EnergyNovember 29, 2024
John Benny
Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure. Ryan Carter / UAE Presidential Court
UAE to launch more solar projects by 2030

Emirates has six gigawatts of renewable energy currently, energy minister Suhail Al Mazrouei tells energy summit

EnergyNovember 28, 2024
John Benny
Doha power station in Kuwait. Some Gulf countries will soon be supplying electricity to Iraq. Gustavo Ferrari / The National
Arab countries to sign electricity trading agreement in Cairo next week

An electricity interconnection project linking Iraq with the GCC grid is expected to start operations in 2025, GCC Interconnection Authority chief says

EnergyNovember 28, 2024
John Benny
Adnoc said the new company will capitalise on the energy transition, artificial intelligence advancements and rise of emerging economies. Photo: Adnoc
Adnoc launches $80bn low-carbon energy and chemicals investment company

XRG plans to double its asset value over the next decade

EnergyNovember 27, 2024
John Benny
People wave Hezbollah flags in Lebanon's Tyre after a ceasefire between Israel and Hezbollah came into effect on Wednesday. Reuters
Oil prices steady after Israel-Hezbollah ceasefire deal

Opec+ will meet on December 1 to discuss output policy

EnergyNovember 27, 2024
John Benny
A worker checks a rock at the Al Amar goldmine, 200km south-west of Riyadh. Saudi Arabia has more than 5,300 mining sites, valued at about $1.3 trillion. Reuters
Saudi Arabia signs $9bn mining deals to strengthen metal supply chains

Indian conglomerate Vedanta signs agreement to invest $2 billion in copper projects in the kingdom

EconomyNovember 26, 2024
John Benny
The ceasefire proposal outlines a truce under which Israel would withdraw its troops from southern Lebanon within days. Nada Atallah / The National
Oil edges higher after dip from Trump tariffs and ceasefire optimism

Ceasefire agreement between Israel and Hezbollah is expected to be announced today

EnergyNovember 26, 2024
John Benny
Despite the geopolitical upheavals, Brent has fallen by 18 per cent since reaching a six-month high of $91.17 a barrel on April 5. Reuters
Is geopolitics becoming a sideline player in oil price fluctuations?

This is one of the most geopolitically turbulent periods in decades, but oil prices have shown little reaction

EnergyNovember 26, 2024
John Benny
Traders on the floor of the New York Stock Exchange. Reuters
Global stocks post weekly gains after strong US earnings season

Cryptocurrency market surges amid hopes of regulations being eased by incoming US administration

MarketsNovember 23, 2024
John Benny
A floating solar power plant in Purwakarta, Indonesia. The UAE's Masdar partnered in the project. Reuters
Masdar teams up with China’s Silk Road Fund to invest in renewables

Fund plans to invest up to $2.76 billion in projects alongside Abu Dhabi clean energy company

EnergyNovember 22, 2024
John Benny
The site of a Russian missile strike in Dnipro, Ukraine. BMI expects Brent to average $78 next year. Reuters
Oil records weekly gain on fears of Ukraine war escalation

Vladimir Putin says US and UK aggravated conflict by allowing Kyiv to use American and British weapons against targets in Russia

EnergyNovember 22, 2024
John Benny
Solar cells on the rooftop of a hotel in the resort town of Sharm El Sheikh. The UAE and Egypt are considering building three large solar power plants in the North African country. Reuters
Egypt and UAE sign deals to develop renewable energy projects

The countries will explore building a battery energy storage centre with an initial capacity of 2 gigawatts

EnergyNovember 21, 2024
John Benny
Sales grew in key markets such as the UAE, Saudi Arabia and Kuwait, Lulu says. Bloomberg
Lulu Group’s Q3 profit more than doubles in first results since IPO

Revenue in the three-month period rose more than 6 per cent annually to $1.86 billion

MarketsNovember 21, 2024
John Benny
Oil companies stepping up biofuel production to meet growing demand
Oil companies stepping up biofuel production to meet growing demand

BP, Chevron, Shell, TotalEnergies, ExxonMobil and Eni have announced a total of 43 biofuel projects, Rystad Energy says

EnergyNovember 21, 2024
John Benny
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