World Energy Congress 2026 to be Hosted by Saudi Arabia

Prince Abdulaziz bin Salman Al Saud, Minister of Energy and Chairman of the Saudi Arabia member committee. (SPA)
Prince Abdulaziz bin Salman Al Saud, Minister of Energy and Chairman of the Saudi Arabia member committee. (SPA)
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World Energy Congress 2026 to be Hosted by Saudi Arabia

Prince Abdulaziz bin Salman Al Saud, Minister of Energy and Chairman of the Saudi Arabia member committee. (SPA)
Prince Abdulaziz bin Salman Al Saud, Minister of Energy and Chairman of the Saudi Arabia member committee. (SPA)

The World Energy Council has announced Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026, SPA said on Thursday.
The Congress will take place at the Riyadh Front Center, strategically located in the vibrant heart of the capital and at the center of one of the world’s most important energy regions.
The award follows a highly competitive bidding process open to all the Council’s 70+ national member committees representing more than 3,000 organizations across the entire energy ecosystem.
The World Energy Congress, the world’s most prestigious, inclusive and influential energy event, has helped drive energy transitions forward for more than a century by bringing together stakeholders representing energy interests from all corners of the world.
“Saudi Arabia is pleased to have been awarded the opportunity to host the 2026 World Energy Congress at this important moment in global energy,” said Prince Abdulaziz bin Salman Al Saud, Minister of Energy and Chairman of the Saudi Arabia member committee.
He added: “As a century-old gathering, the World Energy Congress holds a special place in the calendars of world energy leaders. It brings together the full range of stakeholders from energy producers through to consumers and all points in-between, as the Kingdom strives to achieve the sustainability objectives of Vision 2030. Congress participants can expect a world class Congress accompanied by a warm Saudi welcome.”
“Saudi Arabia's competitive bid clearly showcased their strategic vision for the World Energy Congress experience which includes strong institutional and government support” said Dr. Mike Howard, Chair of the World Energy Council Officers Council.
“The 27th World Energy Congress will celebrate the heritage of the event with Saudi Arabia’s strategic vision for the future of energy in today’s changing world”.
Bringing together 150+ C-suite speakers, 250+ speakers and 70+ Ministers, and 7000+ international energy stakeholders, the World Energy Congress unifies sectors, geographies, and systems to generate a more equitable energy transition.
“Congratulations to Saudi Arabia for their successful bid to host the 2026 World Energy Congress,” said Dr. Angela Wilkinson, Secretary General and CEO of the World Energy Council.
“Energy transitions are too important to be left to the energy sector alone. Collaborations are required across all energy interests and that is where the Congress excels. The World Energy Council’s global community, combined with the Kingdom’s visionary leadership, will ensure that the 27th World Energy Congress will compel world energy leadership in making faster, fairer and more far-reaching energy transitions emerge.”
Saudi Arabia will officially become host of the World Energy Congress following the upcoming 26th World Energy Congress, taking place in Rotterdam, The Netherlands. Saudi Arabia will host a country pavilion at this prestigious event.
Following the April 2024 World Energy Congress, the Congress will move to a two-year cycle.



Oil Prices Rise as Investors Eye US Election Fallout

FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019.  REUTERS/Agustin Marcarian/File Photo
FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo
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Oil Prices Rise as Investors Eye US Election Fallout

FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019.  REUTERS/Agustin Marcarian/File Photo
FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo

Oil prices rose on Thursday following a sell-off triggered by the US presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger US dollar and higher inventories.
Brent crude oil futures were up 65 cents, or 0.87%, at $75.57 per barrel by 0400 GMT. US West Texas Intermediate (WTI) crude gained 54 cents or 0.75% to $72.23, Reuters said.
Concerns around a Trump presidency squeezing oil supply from Iran and Venezuela as well as an approaching storm "more than offset the post-election impact of a stronger US dollar and ... higher-than-expected US inventories," Tony Sycamore, a market analyst with IG, wrote in a note.
Trump's election had initially triggered a sell-off that pushed oil prices down by more than $2 as the US dollar rose to its highest level since September 2022. But the front-month contracts pared losses to settle down 61 cents for Brent and 30 cents for WTI by the end of the Wednesday session.
"Historically, Trump's policies have been pro-business, which likely supports overall economic growth and increases demand for fuel. However, any interference in the Fed's easing policies could lead to further challenges for the oil market," said Priyanka Sachdeva, senior market analyst at Phillip Nova.
"With the bumper surge in the dollar hovering at near 4-month highs, oil seems to be talking massive headwinds in the aftermath of the US election results."
The upside to oil markets may be limited to the short to medium term as OPEC is expected to increase supply capacity in January, while historical trends do not suggest sanctions will prevent India and China from continuing to purchase oil from Russia or Iran, Sachdeva said.
Donald Trump is expected to reimpose his "maximum pressure policy" of sanctions on Iranian oil. That could cut supply by as much as 1 million barrels per day, according to an Energy Aspect estimate.
Trump in his first term had also put in place harsher sanctions on Venezuelan oil, measures that were briefly rolled back by the Biden administration but later reinstated.
In North America, Hurricane Rafael intensified into a category 3 hurricane on Wednesday, and about 17% of crude oil production or 304,418 barrels per day in the US Gulf of Mexico had been shut in response, the US Bureau of Safety and Environmental Enforcement said.
US crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending on Nov. 1, the US Energy Information Administration said on Wednesday, compared with expectations for a 1.1 million-barrel rise.