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RIYADH, Saudi Arabia (AP) — The global energy transition is perhaps nowhere more perplexing than in the Arabian Peninsula, where Saudi Arabia and other Gulf monarchies are caught between two daunting climate change scenarios that threaten their livelihoods.
The global energy transition is perhaps nowhere more perplexing than in the Arabian Peninsula, where Saudi Arabia and other Gulf monarchies are caught between two daunting climate change scenarios that threaten their livelihoods.
Gulf Arab states, squeezed by climate change, still tout oil | 2021-10-27 14:17:01
LONDON: The current spike in oil and gas prices could not have come at a worse time. On the eve of the UN COP26 global climate conference in Scotland this month, soaring energy prices are resulting in increased investor interest in fossil fuel companies. The S&P 500 energy sector is up around 50 percent this year and has been the wider index’s best-performing group. Indeed, a
Qatari Energy Minister Saad al-Kaabi (pictured) expressed his dissatisfaction with high gas prices on Monday, noting, however, that they should "ease off slightly" as more plants restart and...