GCC Achieves World’s Lowest Solar Costs at $0.01 Per kWh as Region Eyes Green Hydrogen Leadership
GCC countries are achieving record-breaking solar electricity costs of between 1.04 and 1.32 US cents per kWh — the lowest in the world — driven by exceptional solar irradiation and government-backed investment, as the region positions itself as a future green hydrogen exporter.
Qatar Pushes Ahead With North Field LNG Expansion as Production Capacity Heads to 142 Million Tonnes
QatarEnergy is pressing ahead with the world's largest LNG expansion programme despite disruptions to Hormuz shipping, targeting a doubling of output capacity from 77 to 142 million tonnes per annum and recording a 66 per cent surge in new foreign-owned company formations.
Brent Crude Slips to $94 as OPEC+ Approves July Output Hike Amid Hormuz Tensions
Oil markets edged lower on Tuesday after OPEC+ approved a 188,000 bpd increase in July production quotas, even as geopolitical uncertainty surrounding the Strait of Hormuz kept prices elevated.
Arabian Gulf Shipping Update: How GCC Businesses Are Managing Elevated Maritime Risk
For the first time since the early 1980s, the Arabian Gulf's principal maritime trade corridor is operating under conditions of significant navigational complexity. The...
UAE Withdraws from OPEC and OPEC+: What It Means for Gulf Energy Policy
The United Arab Emirates announced its decision to withdraw from OPEC and the broader OPEC+ production alliance during a high-level GCC summit convened in...
