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The oil cuts reflect the country’s newly assertive oil market policy that is largely driven by the need to fund the government’s economic programme. It also underlines Riyadh’s…
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DOI: 10.1108/OXAN-DB280504
ISSN: 2633-304X
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Unlike earlier booms based on exploiting new fields, US producers are raising production by adopting new technologies, process efficiencies, economies of scale and financial…
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DOI: 10.1108/OXAN-DB284649
ISSN: 2633-304X
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In advanced economies, despite progress on the green transition, insulation from fossil fuel market volatility remains a distant prospect. Limited clean energy investment in the…
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DOI: 10.1108/OXAN-DB279857
ISSN: 2633-304X
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Previously, in January, the energy ministry announced it was offering three new oil and gas concessions. Muscat wants to engage private companies in efforts to unearth fresh…
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DOI: 10.1108/OXAN-DB286532
ISSN: 2633-304X
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Hosting the inaugural Saudi-Africa summit in November, Riyadh pledged to invest USD25bn, provide USD10bn in export finance and commit USD5bn billion to development projects by the…
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DOI: 10.1108/OXAN-DB283920
ISSN: 2633-304X
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High oil and gas prices have incentivised Middle Eastern and North African (MENA) hydrocarbon importers to accelerate their renewables build-outs, while exporters have deployed…
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DOI: 10.1108/OXAN-DB279701
ISSN: 2633-304X
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The Economic Development Board (EDB), the country’s investment promotion agency, announced in March that its ‘golden licence’ scheme of incentives for local and foreign investors…
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DOI: 10.1108/OXAN-DB286570
ISSN: 2633-304X
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Leading international credit ratings agencies had upgraded their outlook for Oman in early 2023. Positive reviews reflect the sultanate’s improved financial performance in 2022…
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DOI: 10.1108/OXAN-DB280281
ISSN: 2633-304X
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Prospects for the US refining sector look relatively bright as oil demand rebounds from pandemic lows in price and demand. Even so, US refiners are likely to become increasingly…
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DOI: 10.1108/OXAN-DB280720
ISSN: 2633-304X
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On November 7-8, senior Emirati officials gathered in Abu Dhabi for an annual meeting focusing on diversifying the economy, chiefly away from reliance on Abu Dhabi's oil, an…