Oil prices rose on Wednesday on industry forecasts for a decline in US crude stocks and as Chinese Covid-19 infections seem to fall. Anticipation of a possible lease ban in US federal lands and waters is also creating some bullish uncertainty
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Saudi Arabian energy ministry rebrands with energy transition focus
The new logo is meant to represent the nation’s focus on a diverse energy mix including renewables
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Are oil majors ready to become part of the climate-change solution?
Oil producers across the globe have made commitments to be part of the energy transition
GCC capital markets show signs of recovery amidst ongoing uncertainty
$1.5 billion worth of sukuk issued by DP World in H2 2020 on Nasdaq Dubai
IMF lifts growth forecast for 2021 amid ‘exceptional uncertainty’
The IMF estimated that Saudi Arabia would see 2.6% growth in 2021, jumping up to 4.0% in 2022
DNV GL combines Oil & Gas and Power & Renewables businesses in response to energy transition
The new unit, Energy Systems, follows the company’s recent rebranding announcement
After the costliest Chapter 11 year in history, 2021 bankruptcy numbers will normalize if WTI keeps up
Combined debt in the industry for companies filing for Chapter 11 bankruptcy hit $102 billion in 2020