John Benny

2 weeks ago | thenationalnews.com | John Benny

Production from Khor Mor, Iraq’s largest non-associated gasfield, has reached 500 million barrels of oil equivalent (boe), its operators have said. The Khor Mor plant, in the semi-autonomous Kurdistan Region of Iraq (KRI), hit daily production of 525 million standard cubic feet of natural gas in early March, Dana Gas and Crescent Petroleum said in a joint statement on Thursday.

2 weeks ago | thenationalnews.com | John Benny |Shweta Jain

Oil prices extended their losses on Friday and were on track to record their worst weekly decline in months as markets feared the impact of US tariffs on the global economy and Opec+'s surprise decision to boost oil supply. Brent, the benchmark for two thirds of the world’s oil, was down 0.94 per cent at $69.48 a barrel at 8.40am UAE time. West Texas Intermediate, the gauge that tracks US crude, was 0.99 per cent lower at $66.29 a barrel.

3 weeks ago | thenationalnews.com | John Benny

Opec headquarters in Vienna, Austria. The oil-producing group said it would add 411,000 barrels per day to the market next month. EPA

3 weeks ago | thenationalnews.com | John Benny

Al Dhafrah solar park in Abu Dhabi. Masdar aims to reach 100 gigawatts of renewable energy capacity by 2030, up from about 20 gigawatts at present. Victor Besa / The National

3 weeks ago | thenationalnews.com | John Benny

An oil tank outside Maracaibo City, in Venezuela. From April 2, the US will levy a 25 per cent tariff on all goods from any country that imports Venezuelan oil. Reuters