BEIJING: Continuing geopolitical tensions like those involving Russia and Ukraine have further tightened global energy supplies and are expected to push commodity prices higher, which will make the ongoing fragile global economic recovery more challenging, analysts said. Any escalation in hostilities will likely pose a significant risk to commodity exports and supplies and further inflate … Read more
RIYADH: US Moody’s Investors Service has changed its outlook for Global Energy to stable from positive, based on its expectation that the pace of improvement in fundamental conditions across the industry will ease over the next 12-18 months, Arab News quoted a statement, as saying. Moody’s stable global outlook stems from the earnings directions for … Read more
RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman affirmed the kingdom’s commitment to enhance the stability of global energy markets in the light of the availability of safe technologies to manage and reduce carbon emissions, Arab News reported. During a phone call with British Prime Minister Boris Johnson, Crown Prince Mohammed bin Salman also discussed … Read more
LONDON: China is leading the world in transitioning to a clean energy future and its manufacturing of green technology is why, said an article published Monday by the BBC. China generates more solar power than any other country, which is “a sign of where the country is heading,” and its wind power installations were more … Read more
