Ahead of the Conference of the Parties (COP28) summit scheduled to be held in Dubai later this year, senior executives from UAE's national oil company are said to be working with the COP28 team, providing ‘support’ to handle the all-important climate summit, a Guardian report has claimed.

Top UAE oil company executives working with COP28 team, show leaked documents

Despite a jump in prices, oil exporters are losing cash. World's biggest oil economies are still bleeding, while major oil companies are reporting staggering losses. The worst may be yet to come. WION's Palki Sharma tells you why.

Gravitas: Despite a price jump, major oil exporters are losing cash

Oil economies across West Asia have been hit by a novel coronavirus. The shift away from oil was already underway, and the pandemic accelerated it. Arab monarchies could lose nearly $2 trillion in the next 15 years.

Coronavirus pandemic takes a huge toll on oil economies across West Asia

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