DUBAI: Saudi Arabia is offering to transport “green” hydrogen by pipeline to Europe in the next stage of the Kingdom’s strategy to combat climate change. “If Europe would like to buy more hydrogen, Saudi green hydrogen, we would be more than happy, and even, if the economics allow for it, even piping it all the way to somewhere in Europe,” Saudi Energy Minister Prince Abdul
Saudi Arabia offers Europe green hydrogen by pipeline arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
DUBAI: The price of a barrel of Brent crude is forecast to reach $75 in the third quarter of this year, according to energy analysts at US investment bank Goldman Sachs. The projection comes in the wake of a sustained rally in global oil prices as continued restrictions on supply – led by Saudi Arabia after its surprise 1 million barrels per day (bpd) voluntary cut in February
DUBAI: Suddenly, the outlook for oil prices has changed dramatically. From a situation at the end of last year when there was talk of Brent crude “stuck” at $50-$55 per barrel, many experts are now looking for upward of $60 in 2021, with some of the more bullish targeting $65 by this summer. The “big three” of the American financial scene Bank of America (BoA), Goldman Sachs
Extraordinary times call for extraordinary leadership in OPEC+ and Saudi Arabia stepped up
Cornelia Meyer
January 06, 2021 14:47
Saudi Arabia’s Energy Minister Prince Abdul Aziz bin Salman says the Kingdom lived up to its role as “the guardian of the industry.” (AFP file photo)
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The coronavirus (COVID-19) pandemic has taught us how quickly things can change. In the oil industry, things were looking so good in mid-December when the Joint Ministerial Monitoring Committee of OPEC+ (a group of OPEC countries and 10 non-OPEC allies) postponed its meeting until the beginning of January amid rising oil prices and high hopes for the rollout of COVID-19 vaccines.