INTERNATIONAL. Saudi Arabia pumped the most oil in three decades last month, reaching 9.8 million barrels a day and boosting OPEC production, the International Energy Agency said. Increased output in Angola helped replace lower supply in Libya.
Daily supply from the 11 Organization of Petroleum Exporting Countries members bound by quotas rose to 27.37 million barrels a day in July from 27.22 million in June, the Paris-based IEA said today in its monthly oil market report.
“Output has regained levels close to those seen before the Libyan crisis, although OPEC spare capacity now stands at
SAUDI ARABIA. Saudi Aramco is expanding in refining and petrochemicals and seeking to boost ties with Asia as part of its ambition to become both the world's largest oil and chemicals producer by the end of the decade.
UAE. The Solar Impulse team used the opportunity to conduct community engagement activities with thousands of local students and members of the public, demonstrating how innovation and clean technology contribute to a cleaner, more sustainable future.
INTERNATIONAL. Megatrends have major implications as to how electricity is generated and distributed; Profound implications for the strategies and future role of companies all along the power utility value chain is imminent.
UAE. New study conducted by YouGov and commissioned by the social enterprise C3 reveals the impact of CSR programs on UAE residents; Around three-quarters of residents are more likely to purchase from companies that actively contribute to the community.