Saudi Arabia’s Voluntary Carbon Market Fuels the Shift to a Low-Carbon
Under UAE President’s directives, UAE launches urgent relief response for Ghana flood victims
Combating Desertification and Drought: Qatar a Model in Preserving Natural Resources, Establishing Environmental Stability
UAE allocates US$30 million for emergency humanitarian response in El Obeid, calls for civilian protection, safe humanitarian aid access in Sudan
Oil Drops Over Lower Global Demand ForecastsSingapore, 13 Aug (ONA) – Oil prices fell more than $1 today as forecasters lowered global oil demand projections for 2026. Brent futures dropped $1.29, or 1.5%, at $87.69 a barrel. US West Texas Intermediate (WTI) crude fell $1.30, or 1.6%, to $81.97. The Organization of Petroleum Exporting Countries lowered its world oil demand growth forecast for 2026 to 580,000 barrels per day in its monthly oil market report on Wednesday. On the same day, the International Energy Agency (IEA) said it expects a 1.6 million bpd contraction in consumption this year. —Ends/AG
