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Energy

OPEC+ leans towards resumption in oil output increases from April

MOSCOW/LONDON: OPEC+ is leaning towards a resumption in oil output increases from April, three OPEC+ sources said, as the group ⁠prepares for peak summer demand and price strength is bolstered by tensions ⁠over...

Pictured is the OPEC logo on the wall of the new OPEC headquarters in Vienna

Oil rises as investors return from holidays, eye China recovery

US oil demand surged to the highest levels since the pandemic in October at 21.01 million barrels per day (bpd), up about 700,000 bpd from September.— Reuters

Russian gas era in Europe over after Kyiv ends transit

A gas worker walks between pipes in a compressor and distribution station of the Urengoy-Pomary-Uzhgorod gas pipeline, some 30 km (19 miles) from the south-western Russian city of Kursk. — Reuters

Oil prices post 3% annual decline, slipping for second year in a row

The sun sets behind the chimneys of the Total Grandpuits oil refinery, southeast of Paris, France. — Reuters

Manah II solar IPP commences commercial operations

Manah II stands as Sembcorp’s largest utility-scale solar farm within its global renewables portfolio

Aussie firm acquires Oman-focused Tethys Oil

With Tethys Oil’s acquisition, ROC is set to make its debut in Oman’s upstream energy sector

Oil holds steady in thin holiday trade

Oil prices were also supported by optimism for Chinese economic growth next year that could lift demand from the top crude oil importing nation

Big oil scales back renewable investments

Tank wagons stand in line next to sulphur stored at Tengiz oil and gas refinery plant in western Kazakhstan. - Reuters File

Energy and utility sectors perform steadily in 2024

Gas production ticked up notably during the first nine months of the year

Oil prices inch up on hopes for more China stimulus

China plans to boost fiscal support for consumption next year by increasing pensions and medical insurance subsidies for residents and expanding trade-ins for consumer goods— Reuters

Russia's domestic LPG prices halve following EU embargo

A sharp rise in LPG supplies to the domestic market led to a collapse in wholesale prices in Russia to around 14,000 roubles ($140) per metric ton in December from 28,000 roubles at the end of November — Reuters

Oil prices rise 1% in thin pre-holiday trade

FGE analysts said they expect the benchmark prices will fluctuate around current levels in the near term— Reuters

OQ raises $2.5 billion from latest two IPOs

OQ joint venture Duqm Refinery posted a significant increase in net processing capacity in 2024.

Norway’s Electrofuel plans e-SAF project in Oman

A number of international players, along with their local partners, are progressing initiatives to support e-SAF production in Oman (Picture for illustration only)

MoAFWR announces new food security projects

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Enhancing Workforce in the Energy Sector

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