Israel will begin exporting natural gas to Egypt in a few months’ time, Energy Minister Yuval Steinitz said on Monday, a key step in the country’s plans to sell its expanding gas production abroad and bolster diplomatic ties, says Reuters.

Steinitz did not give a specific target for initial exports, but said shipments would double after the huge Leviathan field in the eastern Mediterranean comes fully online in November.

Steinitz"...

Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi this morning.

As global demand for energy rises, natural gas is emerging as a fuel of choice for power generation in the 21st century, serving as a central ingredient in a more sustainable"...

Rabat – Gasoline and diesel prices in Morocco during 2018 remained high until mid-December, according to Global Petrol Prices.

Between October 1, 2018 and January 7, 2019, the average gasoline price per liter in Morocco was MAD 11.05. The lowest price, MAD 10.21, was recorded on December 17 and the highest price, MAD 11.46, on October 1.

However,Morocco’s average"...

RIYADH: After dwindling to near 16-month lows at the end of 2018, oil prices bounced back in the first week of the year, helped by OPEC’s proactive output cuts and positive economic news from the US.
The year 2019 started with a progressive rebound in oil prices after the 2018-year end nose-dive when Brent crude ended slightly above $52 per barrel. The first week in 2019 closed with Brent crude at $57.06 per barrel and WTI at $47.96 per barrel — one of the best weekly gains in two years.
It marked"...

RIYADH — Under the support of Diamond Sponsor SABIC, the 16th Saudi Plastics and Petrochemicals Exhibition will convene local, regional, and international industry leaders to discuss the latest technologies, services, and innovations in the plastics and petrochemicals sectors that are considered major economic contributors in Saudi Arabia. Taking place on January 27-30, 2019, the event backed by leading companies who will highlight the role of the two industries in the government’s ongoing economic diversification"...

(Petra) –– The government fuel pricing committee on Monday announced the reduction of oil derivatives by about 8%, including unleaded 90-octane gasoline, which fell to JD0.695 per litre from the December price of JD0.750.

The price of unleaded octane-95 gas was also fixed at JD0.905 per litre, down from the previous month's price of JD0.965, while kerosene and diesel prices were cut to JD0.560 per litre, instead of last month's rate of JD0.605, according to the committee.

Regarding"...

As a tumultuous year in energy closes, 2019 is set to be another as technology, markets, politics and macroeconomics collide. Here’s what I predict.

The year opens with sunshine, as January’s World Future Energy Summit in Abu Dhabi features numerous clean energy highlights. During the year, Dubai achieves another world record for the lowest concentrated solar power price and the largest plant, as bidders go far beyond the requested 300"...

Oil prices dropped on Monday, nearing their lowest level this year, in line with another decline across global stock markets, which came under pressure from concern about a US government shutdown and a worsening world economy.

Oil stagged a recovery early Monday as prices surged 1.1 per cent to $54.42 and then dropped in the late session.

The oil market showed signs of"...