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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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World oil demand in 2020 is forecast to grow by 1.14 mb/d y-o-y, in line with the current year estimates
August 19th, 2019 - 08:00 GMT

OPEC: Global Oil Demand Growth Forecast for 2019 Remains at 1.14 Million Bpd

Prices of Iranian oil was $60.88 per barrel in June
August 18th, 2019 - 08:30 GMT

Iranian Oil Prices Rise in July As the Output of OPEC Drops

The demand for OPEC crude will average 29.41 million bpd next year.
August 18th, 2019 - 05:29 GMT

OPEC Delivers a Downbeat Oil Outlook for the Rest of 2019

Tanks, with the total capacity of 20 million barrels are to be established in Jask region to back oil exports from Jask oil terminal
August 15th, 2019 - 11:00 GMT

Iran to Export first oil freight via Strait of Hormuz on March 2021

Operation and Maintenance (O&M) represented 60 per cent of the total contracts in Q2 2019
August 14th, 2019 - 08:51 GMT

Global Oil and Gas Industry’s Contract Hit $42 Billion in Q2 2019

The petroleum sector aims at encouraging global companies to pump new investments in the fields of research and exploration
August 14th, 2019 - 08:30 GMT

Egypt Targets Increasing the Daily Production of Crude Oil

British Royal Marines seized the oil tanker on July 4 off the coast of the British Mediterranean territory of Gibraltar
August 14th, 2019 - 07:54 GMT

Britain Might Free Iranian-Operated Oil Tanker Grace 1 Soon

Global oil market performance indicators are still almost stable
August 14th, 2019 - 06:30 GMT

Kuwait to Cut Oil Production in Order to Support Crude Prices

Capital expenditure was $14.5 billion, compared to $16.5 billion for the same period in 2018
August 12th, 2019 - 03:30 GMT

Saudi Aramco Net Income Reaches $46.9 Billion for the First Half 2019

Oil prices have been caught up in the retreat, falling to below $57/bbl earlier this week.
August 12th, 2019 - 02:30 GMT

Brent Prices Ease Back From $67 per Barrel Over Geopolitics

India, given its size, population and emerging economy, is one of the biggest markets in the world for petrol and diesel.
August 11th, 2019 - 08:00 GMT

GCC Companies Look at India’s Fuel Retail Industry

Listed companies continue to announce their financial results for Q2 of 2019
August 11th, 2019 - 06:00 GMT

Saudi Stock Remained Strong Despite Sharp Declines in Oil Prices

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