Saudi Arabia raised pricing for December oil sales to Asia in a sign the world’s largest crude exporter is confident about strong demand in its biggest market, reports Bloomberg.
Saudi Arabia received offers to supply solar electricity for the cheapest prices ever recorded, marking the start of a $50 billion program to diversify the oil producer’s domestic energy supplies away from fossil fuels, says Bloomberg.
Poseidon is wading into the battle between U.S. crude and Middle East supplies in the world’s biggest oil market, reports Bloomberg.
Solar plants that supply electricity at competitive prices after the sun goes down are about to become a reality in the Middle East, according to one of the region’s biggest developers of power plants, reports Bloomberg.
The global oil market glut is helping India’s biggest crude processor become nimble, reports Bloomberg.
Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world’s biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa, reports Bloomberg.
ACWA Power International will bid to build a solar energy project in Saudi Arabia, part of the kingdom’s $50 billion push to temper domestic oil use, according to Bloomberg.
Abu Dhabi National Energy Co., the government-run company known as Taqa, is generating cash from overseas oil and natural gas operations and wants to sell some higher-cost wells in North America after reporting a record $5.2 billion loss last year, reports Bloomberg.
Dubai’s government-owned utility completed a 200-megawatt power plant one month ahead of schedule as part of a plan to build the world’s largest solar energy park by 2030, according to Bloomberg
Lukoil PJSC is seeking opportunities for growth in the Middle East as Iran opens more of its oil fields to international partners, according to the Russian energy company’s regional head, says Bloomberg