The crisis in the Strait of Hormuz is at a stalemate, with both the US and Iran claiming control of the strategic waterway. Even so, the closure of the strait, whether full or partial, has wreaked havoc on global energy prices, Gulf oil exports and economies…
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UAE renewables company Masdar has started construction on three battery energy storage projects in Spain. The projects will add more than 60 megawatts of battery storage capacity and over 120 megawatt-hours of storage to solar plants in the Extremadura and…
Saudi Aramco's financial results and Saudi Arabia's third-quarter budget performance report, released on the same day, revealed a divergence between the company's rising profits and declining government oil revenue recorded in the state budget.
Pakistan is looking to Saudi Arabia and Oman as potential suppliers of liquefied petroleum gas under government-to-government and commercial deals to ease shortages and curb soaring prices ahead of winter, the country's Petroleum Minister Ali Pervaiz Malik…
Saudi Arabia’s civil defense has declared the situation safe in Jazan province after issuing an earlier warning about potential dangers. Jazan hosts a Saudi Aramco refinery with a 400,000 barrel per day capacity.
