The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand growth in 2026 to 400,000 barrels per day, down from an estimate of 1.4 million barrels per day at the beginning of the year.
Qatar’s renewable energy capacity is set to expand significantly by 2035 as the country accelerates utility-scale solar development to reduce gas consumption and emissions. GlobalData forecasts solar capacity growth of 12.4 per cent annually, with renewables reaching 25.9 per cent of total capacity.
Saudi Arabia is studying plans to expand its East-West Pipeline capacity to 10 million barrels per day, Energy Minister Prince Abdulaziz bin Salman said at the WPC Energy Congress in Riyadh.
Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, has called for greater flexibility, advance planning and sustained investment in energy infrastructure to help countries navigate crises and safeguard global supplies.
Saudi Energy Minister Prince Abdulaziz bin Salman opened the 25th WPC Energy Congress in Riyadh, stressing the importance of global energy security and resilience. He highlighted Saudi Arabia’s investments in infrastructure, supply chains, renewable energy and lower-emission technologies to strengthen energy reliability.
Bahrain's Electricity and Water Authority (EWA) awarded contracts worth BD67.4 million ($177 million) in August, led by major works linked to new high-voltage grid substations in Sitra, said a report. This comes as part of its strategy to boost the kingdom's electricity network and upgrade key facilities.
The International Energy Agency (IEA) has urged member countries to accelerate diesel stock releases and consider additional supplies as global markets tighten. Fatih Birol, Executive Director, called for coordinated action ahead of the agency’s October 15 Governing Board meeting.
TotalEnergies and global investment firm KKR have signed an agreement to add 700 megawatts (MW) of solar capacity to their 50/50 US joint venture established in 2025, expanding its portfolio from 1.4 gigawatts (GW) to 2.1 GW.
Saad Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, has called for energy to be kept above politics, warning that regional conflict has triggered “by far, the world’s worst energy crisis.”
Emirates Water and Electricity Company (EWEC) has opened registration for its fourth-quarter 2026 Clean Energy Certificate (CEC) auction, offering businesses across the UAE a commercial mechanism to reduce emissions and support their sustainability goals.
