If you live in the Middle East, you may think that the Pacific Ocean is far away. Please, think again.

All’s well that ends well: After two weeks of tussle between OPEC stalwarts and long-time allies Saudi Arabia and the UAE over whether Abu Dhabi should be permitted to increase its baseline from which production cuts are calculated, a pre-Eid grand bargain was reached.

The nexus between power demand and climate change is undeniable.

There is a broad global alignment that global warming has to be limited to 1.5 C, and most countries and many big corporations are striving to achieve carbon neutrality by 2050 at the latest.

The buzzword among economists these days is inflation. Last week’s US consumer price and producer price indices stood at 4.2 and 6.2, respectively. The question on everybody’s mind is whether inflation is a blip, or here to stay for the long haul.

The first environmental, social and governance (ESG) conference of the Future Investment Initiative (FII) Institute was a real masterclass in taking into consideration all aspects of ESG standards.

The ministers of OPEC+, an alliance of the OPEC countries, and 10 friendly nations under the leadership of Russia met virtually on Thursday. The ministers decided to release an incremental supply of around 2 million barrels per day (bpd) on the market between May and July.

Tuesday and Wednesday saw the much-anticipated Congressional testimony of US Federal Reserve chair Jerome Powell and Secretary of the Treasury Janet Yellen.

Resilient, dependable and forward-looking is what comes to mind when looking at Saudi Aramco’s full year results for 2020.

The world’s largest oil company, and its second largest company by market cap after Apple, emerged well from what was the industry’s most challenging year.

Oil prices have been on fire since the fall, with Brent appreciating by more than 70 percent since November. January and February saw the biggest rally during the first two calendar months of any year in the history of the commodity.