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MIDDLE EAST ENERGY STORAGE
AI is keeping Asia afloat as inflation weighs it down: Moody’s AnalyticsIn the Asia-Pacific landscape, economies are diverging with AI-driven export demand providing a silver lining. Nonetheless, domestic consum...- Conflict-hit oil supply crisis deepens as nearly half of global output comes from affected countriesNearly half of the world’s oil supply now comes from countries affected by conflict, highlighting the growing vulnerability of global energ...
- L&T wins ₹5,000-10,000 crore 'major' order to build 3 battery storage projects in Middle EastWith the recent acquisition of a major contract for three battery energy storage ventures, Larsen & Toubro is poised for expansion. This in...
- Global energy event poised to unlock Rs 45,000 crore investment potential for India's power sectorA global energy event in New Delhi next month aims to unlock significant investment. The three-day Bharat Electricity, POWERGEN India & Ind...
- India may see major growth in sodium-ion batteries as technology reaches TRL-7: Renewable Energy SecretaryTechnology Readiness Level (TRL) is a scale used to assess the maturity of a technology, with TRL 7 indicating that a system prototype has ...
- L&T wins ultra-mega Middle East gas project worth over ₹15,000 croreLarsen & Toubro announced an ultra-mega contract exceeding fifteen thousand crore rupees. This significant project involves building gas co...
- The Hormuz crude volume debate masks the real shortage of refined fuelsThe oil market is focused on disputed estimates of crude flows through the Strait of Hormuz, but Asia’s refined fuel markets show clearer s...
- Need to scale storage capabilities amid growing RE capacity: Industry expertsIndia's renewable energy growth demands more storage systems now. Domestic battery manufacturing capacity remains very low compared to futu...
- Bangladesh's gas crisis hits factories, homes and transportIn the face of an acute natural gas scarcity, Bangladesh is witnessing the shutdown of key fertiliser plants, impacting hundreds of factori...
- Oil Price Today (August 21): Crude oil nears $95 as Iran peace deal hopes fade. What are experts saying?Crude oil Price today: An earlier peace deal between the sides expired this week, with neither side making efforts to resume talks. U.S. Pr...
- Oil rises to 3-week high as Iran war impasse fuels Middle East supply concernsOil prices climbed to three-week highs as uncertainty over the Iran conflict and Strait of Hormuz disruptions raised supply concerns. Brent...
- Indian Oil close to signing LPG import deal with Algeria's Sonatrach for 2027: SourcesIndian Oil Corp has finalized a deal with Algeria's Sonatrach for LPG imports. This agreement will supply one very large gas carrier monthl...
- The Iran war energy crisis is just getting startedThe Iran war has severely impacted global oil refining, causing diesel and gasoline prices to remain elevated. Refined product prices have ...
- Urban Company, Unicommerce expand partnership to Saudi Arabia, UAEUrban Company's Middle East division has partnered with Unicommerce to streamline its e-commerce operations in Saudi Arabia and the UAE. Th...
- US stocks: Tech selloff weighs down Wall Street as bond yields climbWall Street faced a downturn as escalating tensions in the Middle East triggered a surge in bond yields. A steep decline was particularly e...
- Global Market: European shares slip as rising oil prices, bond yields weigh on sentimentEuropean shares edged lower on Tuesday as rising crude prices and euro zone bond yields heightened inflation concerns. The STOXX 600 fell 0...
- Aegis Logistics in talks to acquire UAE’s Tristar for $1.5 billionAegis Logistics is in advanced discussions to acquire Tristar for $1.5 billion. This consolidation could be one of the industry's largest e...
- Global Market: Euro zone bond yields hover near 15-year highs as Middle East war fuels inflation fearsEuro zone bond yields stayed near 15-year highs as Middle East conflict-driven energy inflation raised expectations for ECB rate hikes. Ger...
- Ola Electric unveils Shakti energy storage portfolio for homes, businesses and gridsOla Electric celebrated India's Independence Day with the introduction of its Shakti energy storage series. This groundbreaking lineup inco...
- L&T bags offshore development project order exceeding Rs 15,000 crore from Middle East clientLarsen & Toubro announced a significant order valued at over Rs 15,000 crore. This contract involves developing multiple offshore facilitie...
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