New energy prices on the way

BAHRAIN’S CABINET has approved a new pricing system for diesel and kerosene that is set to begin this month, state news agency BNA reported. [...]

PetroChina, Exxon approached for oil project

IRAQ, OPEC’S second-largest producer, has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar project to boost output from its smaller southern oilfields, a senior Iraqi oil official said. [...]

Energy prices under review

SAUDI OIL minister Ali al Naimi said that the world’s largest oil exporter was studying whether to raise its domestic energy prices. [...]

The future is green

Alternatives to oil and gas are being pondered as the region faces huge price tags for power generation projects and growing pressure to reduce its carbon footprint [...]