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Oil and Renewables

Oil and Renewables latest

The Laundromat: How Russian Oil Keeps Flowing Three Years After Sanctions
April 17th, 2026 - 10:10 GMT
Al Bawaba Staff

Al Bawaba Staff

The Laundromat: How Russian Oil Keeps Flowing Three Years After Sanctions

The Marquise is a 184-metre product tanker built two decades ago. It is not a glamorous vessel. It is old, it is slow by modern standards, and it has spent the past several years doing something unremarkable on paper: picking up cargoes of petroleum products at Russian export terminals and delivering them to ports scattered across Turkey and West Africa. What makes the Marquise interesting is not what it carries ...
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With the oil cartels market share of the world’s production now tumbling below one-third, there are signs Opec’s significance in global markets is waning.
September 17th, 2019 - 12:30 GMT

What Will Happen to Oil Markets After the Attacks on Saudi Facilities?

Prices are likely to break out of the current $55-65 a barrel options range, to test the high of $70s as currently supported by fundamentals
September 17th, 2019 - 06:30 GMT

Oil May Hit $75 Level If Saudi Outage Prolongs for More Than Six Weeks

Iraq partly fills its power shortages by importing both electricity and natural gas from Iran.
September 16th, 2019 - 01:00 GMT

Iraq, GCCIA Sign Deals to Transmit Electricity

During the event
September 16th, 2019 - 09:44 GMT

Octal Wins ‘Financing Deal of the Year’ Award at Alam Al-Iktisaad Wal a’Mal Business Awards

The company is currently working on evaluating the final effects to determine the financial impact.
September 16th, 2019 - 09:00 GMT

4 Major Saudi Petchem Groups Cut Feedstock Supplies After Attack

Trump authorised the release of US supplies from its Strategic Petroleum Reserve
September 16th, 2019 - 07:30 GMT

Oil Prices Soar Due to Slashing Saudi Output by Half After Attack

Major buyers of Saudi crude in the region are unlikely to press the panic button just yet
September 16th, 2019 - 06:30 GMT

Oil Projected to Hit $80 per Barrel After the Attack on Saudi Arabia

Russia claims there could be as much as $35 trillion worth of untapped oil and natural gas in its Arctic region.
September 15th, 2019 - 11:30 GMT

World’s First Floating Nuclear Plant Arrives to Russia

In addition Iran wants investment in its oil sector, to the tune of hundreds of billions.
September 15th, 2019 - 11:00 GMT

Iran Demands for Waivers to Export Oil After Attacks on Saudi Arabia

Aramco’s industrial security teams have controlled the blazes and their spread in Aramco’s two facilities were limited
September 15th, 2019 - 10:00 GMT

Aramco Cuts Output by 5.7 Million bpd Due to Attack

The package is meant as an incentive to keep Iran in the nuclear agreement in the face of US’ efforts to drive the country’s oil exports to zero.
September 15th, 2019 - 09:00 GMT

Iran: EU’s $15 Billion Credit Line Has Nothing to Do With Sanctions Relief

As of year-end 2018, the company had proven (1P) reserves of approximately 667 million barrels (mmbbl) of oil
September 15th, 2019 - 08:00 GMT

Upstream Oil and Gas M&A Volume Soars to $130.5 Billion in Q2

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