Demand is expected to surpass pre-pandemic levels in the second half of the year "with a healthy recovery trend," the analysis showed, easing the market oversupply to 1.2 million b/d in the third quarter and 1.1 million b/d in the fourth.

Already, oil prices have hit seven-year highs in recent days over the ratcheting tensions between the West and Russia over Ukraine.

Federal oil exports in January dropped to 3.203 million b/d from 3.277 million b/d in December, according to the ministry figures.

Neom, which will be built along Saudi Arabia's borders with Jordan and just across the narrow Strait of Aqaba from Egypt's Sinai Peninsula, is a linchpin of the world's largest oil exporter's plans to diversify its fossil fuels-dominated economy.

LPG exports from Iran since July-August 2021 were hovering near two-year highs of around 500,000 mt/month

“the Iraqi-Saudi cooperation is not limited to the electrical connection only, but rather it is the beginning of a joint collective action,” Iraqi News Agency reported, citing the Prince.

The project, by Dubai Electricity and Water Authority, is located on 10 square kilometers of the Mohammed bin Rashid Al Maktoum Solar Park. It has an accumulated capacity of 900 megawatts, the National News reported.

Turkey's total installed power in electricity has reached 99,819 megawatts as of the end of 2021, of which 7,815 megawatts came supplied by solar power plants (SPP),

The agreement between Iran and world powers lifted sanctions against Tehran in exchange for restrictions on its atomic activities.

The exchange between the public and private sector industry experts in Canada and the UAE provided an unprecedented opportunity to discuss the recent developments, challenges, and opportunities in hydrogen and decarbonisation in Canada, the UAE, and wider MENA region, and to forge future partnerships.

Private sector firms in Saudi Arabia will be encouraged to import hydrogen-powered vehicles as part of the Kingdom's green iniative

Saudi Arabia is one of the countries that Rosatom is ready to work with when the kingdom puts out tenders, including to provide the fuel or build the plants, Alexander Voronkov, CEO of Rosatom Middle East & North Africa, told at Rosatom Week being held at EXPO 2020 in Dubai.

Engie plans to create a green hydrogen hub in the UAE and potentially other regions in a deal worth $5 billion, with the first 200 MW green hydrogen and ammonia project being developed in Abu Dhabi.

The world needs to invest at least $3 trillion in renewable energy in the next 10 years,

Iran insists on immediate removal of all Trump-era sanctions in a verifiable process.