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Eye of Riyadh

IEA: Saudi Arabia ousts US as biggest oil producer
Environment & Energy | Wednesday 14 September, 2016 1:00 pm
Oil prices fell as much as 3 percent on Tuesday after both the world's consumers and producers revised forecasts that signaled the global crude glut persisting for much longer than previously expected. The International Energy Agency (IEA), which advises oil-consuming countries on their...
Britain is set to miss 2020 renewable energy target
Environment & Energy | Tuesday 13 September, 2016 11:57 am
 Britain is set to miss its 2020 European renewable energy targets, a parliamentary committee report said on Friday, setting a poor example for less wealthy countries as the world tries to rein in global warming. Britain has a target to meet 15 percent of its energy needs from renewable...
Electricity production ‘to cost Kingdom 3.2 million barrels of oil per day’
Environment & Energy | Sunday 11 September, 2016 10:45 am
A new study about the future of energy in Saudi Arabia is calling for taking advantage of the Kingdom’s capabilities in the field of alternative and renewable energy so as to ensure the continuity and security of energy supplies over the long term, according to a report published in a...
Bee’ah opens up registration for and Sharjah Environment Awareness Awards and Inter-school Recycling Competition 2017
Environment & Energy | Thursday 8 September, 2016 4:03 am
Bee’ah, the Middle East’s integrated environmental and waste management company, has once again invited schools to register to participate in its two annually-held competitions: The 7th Sharjah Environment Awareness Award (SEAA); and the 4th Inter-School Recycling Competition...
Oil rallies on Saudi-Russia pledge to steady prices
Environment & Energy | Tuesday 6 September, 2016 10:43 am
Oil prices rallied on Monday by up to five percent after Saudi Arabia and Russia vowed to stabilize the market. Energy, Industry and Mineral Resources Minister Khalid Al-Falih and his Russian counterpart Alexander Novak declared they had agreed to “act together” to steady the market,...
KSA ‘ready to meet rising oil demand from China’
Environment & Energy | Saturday 3 September, 2016 12:18 pm
Saudi Arabia is ready to meet rising energy demand from China, said Khalid Al-Falih, minister of energy, industry and mineral resources, SPA reported on Friday. “The Kingdom is ready to fulfill the rising energy demand in China in the coming decades,” SPA quoted Al-Falih as...
The First Women in Nuclear Annual Conference to be Held in The Middle East
Environment & Energy | Wednesday 31 August, 2016 1:44 pm
Delegates from across the globe will unite in Abu Dhabi this November to celebrate women’s achievements in the nuclear industry at the 24th Global Women in Nuclear (WiN) conference.    To be held at the Fairmont, Bab al Bahr hotel between 20th – 23rd November, the...
Dubai announces crude oil price for November
Environment & Energy | Saturday 27 August, 2016 6:09 am
The Department of Oil Affairs of the Government of Dubai has announced that it has notified customers that the official price of Dubai crude oil to be delivered in November will be US$0.15 less than the average daily settlement price of the Oman Crude Oil Financial Contract in Dubai Mercantile...
 Oil market is about to rebalance: Norway
Environment & Energy | Saturday 27 August, 2016 4:59 am
Exports of Norwegian gas to Britain will not be affected by Britain’s vote to leave the European Union, Norway’s oil and energy minister told Reuters. The Nordic country is Britain’s top foreign gas supplier, accounting for some 40 percent of all supplies in...
Oil market moving in right direction: Kingdom
Environment & Energy | Saturday 27 August, 2016 3:52 am
The Kingdom has tempered expectations that world’s major oil producers would look to freeze production next month, with Saudi Energy Minister Khalid Al-Falih telling Reuters that the “market is moving in the right direction” already. “We don’t believe any...
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