Battery storage is growing at record speed, with 2025 additions 40% higher than in 2024
From balancing grids to shifting solar power across the day, storage is emerging as a versatile tool for modern day power systems around the world
New @IEA analysis: https://t.co/unXTQ0XQif
Less oil, more money. Saudi oil export revenues increased to $24.7bn in March - their highest level since October 2022, @Stats_Saudi data shows.
Higher prices more than offset reduced volumes #OOTT
Adnoc CEO says it will take at least 4 months for 80% of pre-conflict oil flows to return, even if Hormuz re-opens tomorrow. For full flows to return? That's Q1 or even Q2 next year #OOTT#ACFrontPage@AtlanticCouncil
Saudi Ports Authority Mawani has launched the "Red Sea Express" shipping service at King Fahd Industrial Port in Yanbu, to speed up cargo handling, cut waiting times, and boost logistics efficiency at the port, Saudi state media reported on Tuesday.
The service links the ports of Jeddah, Yanbu, Ain Sokhna in Egypt, and Aqaba in Jordan
https://t.co/xt1iB7qWMM
Very appreciative of the Oxford Institute for Energy Studies (@OxfordEnergy)for the invitation to discuss oil markets with Bassam Fattouh and Paul Horsnell, two of the most knowledgeable oil market analysts I know. See the link to the podcast below.
👉 Podcast: https://t.co/OiWCQcKgDL
The podcast examined the fallout in oil markets from the conflict between the US and Iran and the resulting closure of tanker traffic through the Strait of Hormuz. Among the topics discussed are the scale of the disruption to oil flows and its implications, why futures prices appeared disconnected from physical prices in the early stages of the conflict, the drivers behind the collapse in futures open interest, the outlook for long-dated oil prices, and how shifting refinery demand and trade flows — particularly towards US barrels — have influenced the relative pricing of the Brent and Dubai benchmarks. The discussion concludes with the outlook for the global oil balance and its key components in 2027.
#OOTT #SOH #Hormuz #Brent #oil #oilprice #oilpricing #oilbalance #oilcurve #positioning #openinterest #volatility #Dubai
The agreement also explores potential crude storage in Fujairah as part of India’s strategic petroleum reserve.
This would be a first for the UAE, although plenty of private firms have storage tanks at Fujairah.
The expansion of Gulf producers' overseas storage facilities begins.
@ADNOCGroup examines increasing crude oil storage in India up to 30 million barrels, including existing storage at Mangalore and potential new storage opportunities at Vishakhapatnam and Chandikol. #OOTT
The UAE will always be a reliable partner for India’s economic growth.
Alongside His Highness @MohamedBinZayed and Prime Minister Shri @narendramodi, I was pleased to exchange two strategic agreements on behalf of @ADNOCGroup to deepen collaboration with our Indian partners.
From crude oil and gas to storage and strategic reserves, these agreements will contribute to India’s energy security, powering industries, supporting jobs and advancing sustainable development.
The UAE's new Hormuz-bypass pipeline to Fujairah is due online in 2027, in line with @MeesEnergy reporting since 2024. #OOTT
For more details, see:
https://t.co/RA76TZmbYy
https://t.co/XyYi9Msp5Z
Khaled bin Mohamed bin Zayed has chaired a meeting of the Executive Committee of ADNOC's Board of Directors, reviewing updates on the company’s performance as well as progress on the new West-East Pipeline project, which is set to double ADNOC’s export capacity via Fujairah.
Productive meeting with @OPECSecretariat Secretary General Haitham Al Ghais in Vienna
We discussed the latest developments in global energy markets amid the war in the Middle East and the importance of dialogue and exchanges in support of global energy security
Adnoc Gas says its largest gas processing complex, Habshan, is at 60% of capacity after the April strikes. Targets 80% by year-end, only returning to full capacity in mid-2027 #OOTT
#Statement | The Foreign Ministry expresses the Kingdom of Saudi Arabia’s strongest condemnation of the treacherous attacks targeting the territories and territorial waters of the United Arab Emirates, the State of Qatar, and the State of Kuwait, and reaffirms the Kingdom’s support for all measures taken by the Gulf states to safeguard their security and stability.
Aramco CEO: "Our East-West Pipeline, which reached its maximum capacity of 7.0 million barrels of oil per day, has proven itself to be a critical supply artery, helping to mitigate the impact of a global energy shock" #OOTT
As the UAE prepares to capitalize on its newfound flexibility outside of Opec, MEES examines where its production capacity is located. https://t.co/Rh8TX2b4H3