Toxic pollutants released during gas flaring are endangering millions more people than previously feared, a BBC investigation suggests. Flaring – the burning of waste gas during oil drilling – is taking place across the Gulf, including by COP28 hosts the United Arab Emirates. New research suggests pollution is spreading hundreds of miles, worsening air quality...
Exxon Mobil has agreed to pay $59.5 billion for rival Pioneer Natural Resources in a deal that will secure the energy giant’s status as the fracking leader in the all-important Permian Basin—a region that stretches across West Texas and New Mexico and produces nearly 40% of all U.S. oil and 15% of all U.S. natural gas. If the acquisition survives a...
Russian oil producers supplied their first cargoes of CPC Blend crude to the United Arab Emirates (UAE) in August and September, four traders told Reuters, opening up a new export route as Moscow looks to find new customers and skirt Western sanctions. Moscow has found new markets for its oil despite sanctions imposed by G7...
After Russia launched its attack on Ukraine last year, Iran was one of a few countries to support Moscow’s position and goals. The two countries also shared a battlefield in Syria for years, helping prop up Bashar al Assad’s regime, with air strikes and boots on the ground. But that close partnership is being tested,...
Saudi Arabia and the United Arab Emirates often have seemed like two sides of the same coin, to western eyes at least: two powerful, oil-rich monarchies, both allies of the United States and avid consumers of American weapons, united in their determination to maintain regional security and stability on their terms and in cooperation with...
To see the video of Climate Activists demonstrating in Bonn, Germany please click here: Climate activists denounce COP28 president and head of the Abu Dhabi National Oil Company, Sultan al-Jaber, ahead of meeting in Dubai later in the year. Kenyan climate activist, Eric Njuguna, and Swedish climate activist, Greta Thunberg, participated in the Climate Change...
SUN Ship Management has become one of the main transporters of Russian oil to countries including India and Cuba. BRUSSELS — The EU is discussing whether to sanction Dubai-based shipping company SUN Ship Management Ltd, which is suspected of helping Russia circumvent restrictions on its oil exports, three diplomats told POLITICO’s Brussels Playbook on condition of anonymity....
Russia’s invasion of Ukraine and the ensuing raft of Western sanctions have prompted an explosion of interest in the United Arab Emirates (UAE) among Russians. Bilateral trade is breaking all previous records, and Russians are buying up real estate and opening businesses there. Yet for all the hope that the UAE could become an alternative...
SUN Ship Management has become one of the main transporters of Russian oil to countries including India and Cuba. BRUSSELS — The EU is discussing whether to sanction Dubai-based shipping company SUN Ship Management Ltd, which is suspected of helping Russia circumvent restrictions on its oil exports, three diplomats told POLITICO’s Brussels Playbook on condition of anonymity....