Saudi Crown Prince Tells British PM Kingdom Is Committed To Energy Market’s Stability

Saudi Arabia’s crown prince told British Prime Minister Boris Johnson the kingdom is committed to the security and stability of the global energy markets, Saudi state news agency (SPA) said on Wednesday. Crown Prince Mohammed bin Salman, in a phone call with Johnson, stressed ‘the kingdom’s commitment to boosting the security and stability of global … More Saudi Crown Prince Tells British PM Kingdom Is Committed To Energy Market’s Stability

UAE Says Insufficient Investments Can Cause Oil Gas Price Hikes

PARIS, France – United Arab Emirates Energy Minister Suhail al – Mazrouei said on Monday insufficient investments in the oil and natural gas industry could lead to a hike in energy prices. Oil and gas needed to ensure reliable supply of energy during the transition period required to implement non – carbon emitting projects, he … More UAE Says Insufficient Investments Can Cause Oil Gas Price Hikes

Saudi Arabia Appoints Advisers On Green Debt Issuance

PARIS, France – Saudi Arabia has appointed financial advisers for a planned green debt issuance but has yet to decide on the format, Finance Minister Mohammed al – Jadaan said on Sunday. He told Reuters that Saudi Arabia’s economy was recovering well from the COVID-19 pandemic and expected the non – oil economy to grow … More Saudi Arabia Appoints Advisers On Green Debt Issuance

Saudi Crown Prince Hosts The Middle East Green Initiative Summit

RIYADH, Saudi Arabia – Saudi Arabia’s Crown Prince Mohammed bin Salman will be hosting the first edition of the Middle East Green Initiative Summit in Riyadh where he will outline the Kingdom’s vision and the role of green financing in enabling the transition to green societies. During his opening address at the summit, the Crown Prince … More Saudi Crown Prince Hosts The Middle East Green Initiative Summit

Saudi Arabia Targets Net Zero Emission By 2060: Crown Prince

RIYADH, Saudi Arabia – Saudi Arabia aims to reach zero – net emission by 2060, Crown Prince Mohammed bin Salman, the Head of the Higher Committee for the Saudi Green Initiative (SGI), pledged at an environment conference in the Kingdom on Saturday. The Crown Prince, in recorded remarks, announced plans to cut carbon emission by … More Saudi Arabia Targets Net Zero Emission By 2060: Crown Prince

Saudi Energy Minister Sees Demand From Gas – To – Oil Switch At Up To 600,000 BPD

LONDON – Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman said users switching from gas to oil could account for demand of 500,000 – 600,000 barrels per day (bpd), adding that the world was now waking up to shortages in the energy sector. Prince Andulaziz said the potential switch depended on how severe winter … More Saudi Energy Minister Sees Demand From Gas – To – Oil Switch At Up To 600,000 BPD

UAE Oil Minister Says Energy Demand Peaking, Important To Maintain Market Balance

PARIS, France – Demand for energy and especially natural gas is peaking, the oil minister of the United Arab Emirates said on Thursday, adding that it was important to maintain balance in the market. The minister, who was speaking on the sidelines of an energy forum in Moscow, also said that the United Arab Emirates … More UAE Oil Minister Says Energy Demand Peaking, Important To Maintain Market Balance

Saudi Arabia To Ask Foreign Energy Companies To Up Domestic Input To 70% – Sources

LONDON – Saudi Arabia will require foreign firms working in the energy sector, including petrochemicals and water desalination, to boost local input to at least 70% in order to secure government contracts, three sources familiar with the matter said. Energy Minister Prince Abdulaziz bin Salman discussed the plan to increase domestic input with local and … More Saudi Arabia To Ask Foreign Energy Companies To Up Domestic Input To 70% – Sources

Qatar Energy Minister Kaabi Unhappy With High Gas Prices

PARIS, France – Qatar is not happy about a spike in gas prices, the top liquefied natural gas supplier’s minister of state for energy said on Monday. ‘I am unhappy about gas prices being high. They are negative for the customer, and customers being satisfied is the most important thing for me’, Saad al – Kaabi … More Qatar Energy Minister Kaabi Unhappy With High Gas Prices