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US-Iran conflict intensifies with fresh strikes; Tehran threatens Red Sea oil route

The United States and Iran exchanged a fresh wave of military strikes for a sixth consecutive night deepening fears of a wider regional conflict as Tehran prepared to expand its pressure on global energy...

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Goldman warns China buying, depleted inventories could take oil to $110 per barrel

Oil prices eased slightly on Thursday after a three-day rally but Goldman Sachs warned that the market remains vulnerable to a fresh price spike as China is expected to return to the market to rebuild...

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Oman oil exports rise 2.7pc as production climbs in 2026

Oman s oil exports rose 2.7 per cent by the end of May 2026 reaching 129.5 million barrels compared with 126.1 million barrels during the same period in 2025 according to preliminary data from the National...

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Global renewable power generation surges 9.8pc in 2024: Irena

Global renewable electricity generation rose 9.8 per cent in 2024 far outpacing the 1.4 per cent growth in non-renewable generation according to the International Renewable Energy Agency s (Irena) Renewable...

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Oil tops $85 as Iran hits tankers, US blockade fuels battle for Hormuz

Oil prices surged on Tuesday with Brent crude climbing above 85 a barrel for the first time in a month as Iran s missile strike on two oil tankers and the United States decision to reinstate a sweeping...

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Energy transition platform Positive Zero secures $375m financing

Positive Zero a leading energy transition platform in the GCC today announced the closing of a landmark financing facility of up to 375 million. The non-recourse financing is the first transaction of its...

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Oil prices surge as US-Iran strikes intensify, raising fears over Hormuz shipping

Oil prices jumped sharply at the start of Asian trading on Monday after the United States launched a second consecutive night of strikes on Iranian military targets and Tehran retaliated with fresh attacks...

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ADNOC L&S orders $900m four next-generation LNG carriers

Abu Dhabi-based ADNOC Logistics and Services (ADNOC L&S) on Friday announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately 900 million (AED3.3...

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Adnoc Distribution wins RoSPA Gold Award for Fleet Safety

Adnoc Distribution the UAE s leading mobility and convenience retailer has received the Gold Award for Fleet Safety from the Royal Society for the Prevention of Accidents (RoSPA) becoming the first UAE...

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Volarix Global sets up technology, energy, digital infra platform in Bahrain

Volarix Global a Bahrain-based company specialising in technology innovation and energy infrastructure has announced the formation of an integrated platform in the kingdom established to develop and deploy...

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Oman refinery output falls 6.8pc in first five months of 2026

Oman s refinery products output declined by 6.8 per cent in the first five months of 2026 reaching 89.916 million barrels compared with 96.522 million barrels during the same period in 2025 according to...

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Oil climbs as Hormuz tensions deepen; Iran threatens to halt Gulf energy exports

Oil prices extended gains on Wednesday as fears of a prolonged disruption to energy supplies through the Strait of Hormuz intensified following the United States reimposition of a naval blockade on Iranian...

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Zayed Sustainability Prize receives 10,233 entries for 2027 awards

The Zayed Sustainability Prize the UAE s pioneering award for innovative solutions to global challenges has officially closed submissions for its 2027 awards cycle receiving an unprecedented 10 233 entries...

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Oman's United Solar Completes $1.6bn funding round

Oman s United Solar has announced the financial close of its previously announced 50 million equity investment from IFC the private sector arm of the World Bank Group. The financial close completes the...

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Pakistan joins International Energy Forum as Member Country

The International Energy Forum (IEF) has welcomed Pakistan as its newest Member Country strengthening global cooperation on energy dialogue among producers consumers and transit nations. Pakistan s accession...

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Renewables remain cheapest source of new power in 2025: Irena

Renewable energy continued to be the most cost-competitive source of new electricity generation in 2025 with more than 90 per cent of newly added utility-scale renewable capacity proving cheaper than the...

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