As more details emerge about the 80 billion barrel oil discovery, analysts have raised warnings about the likely difficulty and cost of exploiting the offshore field.
What explains the growing trend to develop renewable energy schemes in the world’s oil-producing heartland, the Middle East?
A global shift away from oil, gas and coal and towards renewable energy will reshape the international energy market, with the potential for both positive and negative consequences.
The cost of renewable energy is now falling so fast that it should be consistently chearper than traditional fossil fuels within just a few years, according to the International Renewable Energy [...]
The Middle East may be best known for its oil output, but these days there is growing interest from investors around the potential for solar and wind power schemes, particularly in Iran.
The IMF says the short-term outlook for the region’s economies is distinctly poor, but there are some surprising areas of very fast growth.
Talk of a delay highlights the difficulties in privatizing Gulf oil companies, but governments in Abu Dhabi, Kuwait City, Muscat and Tehran can’t afford not to try.
Presidents Rouhani and Ghani have been trading barbs in long-running dispute over mismanaged, cross-border rivers
Gulf sovereign wealth funds have earmarked at least $20bn for investment in Russia, according to Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF).
Oil giant Saudi Aramco has been handed a huge tax cut by its government, as it prepares for a stock market listing.