The U.S. Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050.
Oil declined by the most in two weeks in the wake of growing U.S. inventories and after Russia signaled it is ready to help ease a global energy crisis.
WhatsApp’s nearly six-hour-long outage on October 4 hit trading of assets from cryptocurrencies to Russian oil, market players said, although a quick shift to alternative platforms such as Telegram limited severe disruption.
The American Petroleum Institute (API) on Tuesday reported another surprise build in crude oil inventories of 951,000 barrels for the week ending October 1.
The average U.S. gasoline price rose to the highest level since October 2014, on the back of higher crude oil prices and higher demand, AAA said ahead of the OPEC+ meeting on Monday.
Brent crude oil futures stuck near three-year highs on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ supplier group decided to stick to a gradual output increase plan rather than fully opening the taps.
Abu Dhabi National Oil Company (ADNOC) and chemical producer OCI N.V. plan an initial public offering of 13.8 percent of the shares in fertilizer joint venture Fertiglobe on the Abu Dhabi Securities Exchange (ADX), the joint venture said on Tuesday.
Oil rose to a new seven-year high after OPEC+ chose to keep supplies fairly tight even as the world grapples with an energy crunch.
Training courses in building code design and the operation of safety solutions, set up by the Saudi Building Code National Committee, will further enhance building code conduct through a newly established academy.
Saudi Arabia’s Tadawul All Share Index ended Monday’s session in the green zone increasing by 13.66 points or 0.12 percent.