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HuaweiDubai Electricity and Water Authority, or Dewa, is implementing a robust strategy to develop renewable energy projects to reduce its carbon footprint, based on its vision to be a sustainable world class utility.
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Israel, aiming to avoid further damage to its troubled ties with Cairo, said on Monday it saw the Egyptian termination of a deal to supply Israel with natural gas as part of a business rather than a diplomatic dispute.
The rupee recovered from early lows on Monday helped by dollar sales from some foreign banks, but month-end greenback demand from oil importers is seen keeping gains in check.
ISTANBUL — The UAE does not plan to increase supplies to Europe to make up for the boycott of Iranian fuel, Energy Minister Mohammed bin Dha’en Al Hamili said. Global oil prices are rising despite a well-supplied market, and producers are “living with” these price levels, Al Hamili said on the sidelines of an energy conference in Istanbul.
Oil rose in Asian trade on Friday as the market cheered a successful Spanish bond sale, but gains were limited by downbeat US economic data, analysts said.
Oil prices hovered above $104 a barrel Wednesday in Asia after a report showed U.S. crude supplies jumped more than expected for a fourth week, suggesting demand remains weak.
Oil prices rose to near $104 a barrel Tuesday in Asia after strong demand for Spanish debt in a sale of 12- and 18-month notes eased some fears that Europe’s debt crisis could soon flare again.
Top oil exporter Saudi Arabia is determined to bring down high oil prices and is working with fellow Opec members to accomplish that, Oil Minister Ali Al Naimi said on Friday.
Oil held near $123 a barrel on Monday, supported by signs of an improving economy in China, and actual and threatened supply disruptions in the Middle East and Africa.
Oil rose above $123 a barrel on Friday, reversing three straight sessions of losses, supported by a weaker dollar and expectations of tight gasoline supplies in the world’s largest oil consumer the United States.