Wednesday , 24 December 2025

Recent Posts

UAE, Turkmenistan discuss ways to bolster bilateral ties

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday received a telephone call from Gurbanguly Berdimuhamedow, President of Turkmenistan. During the conversation, the two leaders discussed ways of strengthening bilateral ties and cooperation to serve the mutual interests of the two …

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India’s Reliance becomes world’s No. 2 energy firm

Bloomberg Reliance Industries Ltd., controlled by Asia’s richest man, toppled ExxonMobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays. Reliance, which manages the biggest refinery complex, gained 4.3% in Mumbai adding $8 billion to take its market value to $189 billion, while …

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Oil trading profits soar for energy majors who made storage bets

Bloomberg In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast. Equinor also filled oil tankers with crude, turning them into floating storage facilities, …

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