Energy News
Saudi Arabia to Raise Over $11.2 bn in Aramco Share Sale
Saudi Arabia is set to raise more than $11.2 billion by selling shares in its oil giant Aramco, after pricing the stock at the...
Energy News
Capex of energy companies up 10% to $390 bn: EIA
U.S. Energy Information Administration (EIA) has released its Financial Review of the Global Oil and Natural Gas Industry: 2023, indicating capital expenditure increased 10...
Energy News
Energy Trade Value Between U.S. and Canada Drops in 2023 Amid Falling Prices
The value of energy trade between the United States and Canada decreased in 2023, marking a significant drop from the record levels seen in...
Energy News
IEA report on Energy Technology R&D Budgets
The estimated total public energy research, development and demonstration (RD&D) budget for IEA member countries increased by 5 percent reaching USD 26.4 billion in 2023. This was...
Energy News
IEA Lowers 2024 Oil Demand Forecast, Increasing Divergence with OPEC
On Wednesday, the International Energy Agency (IEA) reduced its forecast for 2024 oil demand growth, widening the gap with the Organization of the Petroleum...
Energy News
OPEC Maintains Strong Oil Demand Forecast for 2024, Shifts Focus to OPEC+
The Organization of the Petroleum Exporting Countries (OPEC) reaffirmed its forecast for robust growth in global oil demand in 2024, expecting a rise of...
Energy News
Shell to sell Energy and Chemicals Park in Singapore to CAPGC
Shell Singapore has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC.
CAPGC is a joint venture between Chandra Asri...
Energy News
Aramco records 14% drop in Q1 net income in first-quarter
Saudi Aramco, the energy giant, revealed a 14 percent decrease in its first-quarter net income to $27.3 billion, compared to $31.9 billion recorded in...