- The Arab Region’s LNG Pioneer Passes Away
- UAE left Opec to pump more as end of oil era looms, presidential adviser says
- QatarEnergy signs MoU for gas cooperation with Egypt in the Eastern Mediterranean
- Aramco Chief: Saudi Arabia seeks to increase its exports from the port of Yanbu on the Red Sea to 5 million barrels per day
- IMF, World Bank, others warn Middle East war is straining energy supplies
- UAE leaves OPEC in blow to global oil producers’ group
- Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports
- Libya signs preliminary agreement with Chevron to assess shale oil and gas resources
- Middle East conflict could cause 120 bcm of LNG supply loss from 2026-2030, IEA says
- Loss of energy output in MidEast will take about two years to recover, IEA says
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The Arab Region’s LNG Pioneer Passes Away
A few days ago, former Qatari Oil Minister Abdullah bin Hamad Al-Attiyah, who oversaw the transformation of his country’s energy sector to a world-class level in the production and export of liquefied petroleum gas (LPG), passed away. Abdullah bin Hamad Al-Attiyah, the former Qatari...
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UAE left Opec to pump more as end of oil era looms, presidential adviser says
The decision by the United Arab Emirates (UAE) to leave the Organization of the Petroleum Exporting Countries (Opec) was three years in the making. It is based on its view the world is near the “autumn of the hydrocarbon age”, meaning the country needs to maximise oil revenues while it can, a...
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QatarEnergy signs MoU for gas cooperation with Egypt in the Eastern Mediterranean
QatarEnergy signed a Memorandum of Understanding (MoU) with the Government of the Arab Republic of Egypt and ExxonMobil to study enabling the potential development and commercialization of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure. The MoU enables the...
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Aramco Chief: Saudi Arabia seeks to increase its exports from the port of Yanbu on the Red Sea to 5 million barrels per day
Saudi Aramco President and CEO Amin Nasser revealed that Saudi Arabia is pursuing plans to expand its oil export capacity through Yanbu on the Red Sea to more than five million barrels per day, as shipping disruptions choke traffic through the Strait of Hormuz as a result of the Iranian...
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IMF, World Bank, others warn Middle East war is straining energy supplies
The heads of the International Energy Agency, International Monetary Fund, World Bank and World Trade Organization warned on Friday that the war in the Middle East was straining global energy supplies and hitting vulnerable economies hardest. The U.S.-Israel war on Iran has disrupted...
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28 - 29 September 2026. The St. Regis New Capital, Cairo -
ADIPEC 2026
2 - 5 November 2026,ADNEC, Abu Dhabi, United Arab Emirates
UAE left Opec to pum...
The decision by the United Arab Emirates (UAE) to leave the Organization of the...
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QatarEnergy signs Mo...
QatarEnergy signed a Memorandum of Understanding (MoU) with the Government of...
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Aramco Chief: Saudi ...
Saudi Aramco President and CEO Amin Nasser revealed that Saudi Arabia is...
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IMF, World Bank, oth...
The heads of the International Energy Agency, International Monetary Fund,...
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UAE leaves OPEC in b...
The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow...
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Kuwait declares forc...
Kuwait has declared force majeure on shipments of crude oil and refined...
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Training
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International variables cast a...
The International Energy Agency expected the global demand for oil to increase to about 102 million...
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World Bank: Global debt to exc...
Reports from the World Bank and the International Finance Corporation indicate that the global debt...
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IEG: ECOMONDO AND KEY ENERGY 2...
Over 80 live talk events on the calendars of Ecomondo and Key Energy, being held from 3rd to 6th...
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In Italy, Ecomondo and Key Ene...
Rimini (Italy) 20th July 2020 – The potential for windpower in North Africa, the transition...
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The dangers surrounding OPEC I...
During the first half of 2020, the world has suffered from three strong crises (one after the...
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Overview of the LNG Latin Amer...
Natural gas is the purest and cleanest fossil fuel that exists, it generates fewer emissions than...
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Chevron expects to restore pro...
After four and a half years, the Wafra oil field is set to resume production soon. Ed Colina,...
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Basic Concepts of World Petrol...
Mohamed Hassan Salem Oil and Gas Economic Expert Head of “Middle East Center for Energy...
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Oil and Gas Situation in Kuwa...
Oil and Gas Situation in Kuwait Mohamad Hassan Salem Chairman/ Middle East Center for Energy...
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An Era of Energy Insecurity: T...
An Era of Energy Insecurity: The Global Oil Market in its New Geopolitical Context Dr. Pierre...
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Deepwater Horizon oil rig expl...
Deepwater Horizon oil rig explosion Oil Spill from Macondo Well into the Gulf of Mexico A sign for...
Oil & Gas Prices of Today
| Crudes | $/B |
| Brent | 91.12 |
| WTI | 105.42 |
| OPEC Basket | 105.8 |
| Natural Gas | $/MMBTU |
| Natural Gas (Nymex) | 3.290 |
Primary Energy Resources (%)
|
(Share) |
(Share) |
|
| Oil | 33.0% | 31.2% |
| Gas | 24.2% | 24.7% |
| Coal | 27.0% | 27.2% |
| Nuclear | 4.3% | 4.3% |
| Hydro | 6.4% | 6.9% |
| Renewables | 5.0% | 5.7% |
| Total Resources | 100% | 100% |
Top 10 World Oil Reserves
| Countries | Oil (Billion bbl) | % of World total | R/P ratio (Years of lifetime) |
| Venezuela | 304 | 17.5 | * |
| S. Arabia | 298 | 17.2 | 69 |
| Canada | 168 | 9.7 | 82 |
| Iran | 158 | 9.1 | 121 |
| Iraq | 145 | 8.4 | 83 |
| Russian F. | 108 | 6.2 | 26 |
| Kuwait | 102 | 5.9 | 93 |
| UAE | 98 | 5.7 | 67 |
| USA | 69 | 4.0 | 11 |
| Libya | 48 | 2.8 | 108 |
Notes:
- - Proved reserves as of 1.1.2021 (BP Annual Statistical Review of 2021)
- - * more than 500 years
- - Reserves include gas condensates and NGL’s as well as crude oil
Top 10 World Gas Reserves
| Countries | N. Gas (Trillion CF) | % of World total | R/P ratio (Years of lifetime) |
| Russia fed. | 1321 | 19.88 | 56 |
| Iran | 1134 | 17.07 | 131 |
| Qatar | 871 | 13.11 | 139 |
| Turkmanstan | 480 | 6.71 | 309 |
| USA | 446 | 6.71 | 14 |
| China | 297 | 4.47 | 47 |
| Venezuela | 221 | 3.33 | 238 |
| Saudi Arabia | 213 | 3.20 | 53 |
| UAE | 210 | 3.16 | 95 |
| Nigeria | 193 | 2.91 | 109 |
| Iraq | 125 | 1.87 | - |
| Azribejan | 88 | 1.33 | - |
| Australia | 84 | 1.27 | - |
| Canada | 83 | 1.25 | - |
| Algeria | 81 | 1.21 | - |
| Kazakhistan | 80 | 1.20 | - |
| Egypt | 76 | 1.14 | - |
| kuwait | 60 | 0.09 | - |
| Norway | 51 | 0.08 | - |
| Libya | 51 | 0.08 | - |
Notes:
- - Proved reserves as of 1.1.2021
- - Source:BP Annual Statistical Review of 2021
