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Oil and Renewables

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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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Brent crude’s price jumped to $66.72 and WTI’s to $60.21 per barrel.
July 14th, 2019 - 09:00 GMT

OPEC: Oil Prices Increasing Despite Bearish Outlook

Non-Opec oil supply is forecast to grow by 2.4 mb/d in 2020, higher than in the current year.
July 13th, 2019 - 10:00 GMT

OPEC: Global Oil Demand in 2020 to Grow by 1.14 Million bpd

They have steadily declined since 2014 as Egypt sought to become a regional energy hub.
July 13th, 2019 - 08:28 GMT

Egypt’s Arrears to Foreign Oil Companies Declined to $900 Million at the End of June

It is part of Schneider Electric’s global digital transformation program and the company’s commitment to carbon neutrality by 2030.
July 11th, 2019 - 11:33 GMT

Schneider Electric’s Biggest Engineer-to-Order Factory in Asia Utilizes IIoT Technology and Renewable Energy to Enhance Its Operations

During the event
July 11th, 2019 - 06:22 GMT

Empower Launches “Intelligent Delta- T Analyzer and Detector”

The Turkish-flagged drillship Fatih launched offshore drilling operations this May in an area 75 kilometers (42 nautical miles) off the western coast of the island of Cyprus.
July 10th, 2019 - 09:15 GMT

US Calls on Turkey to Halt Mediterranean Gas Exploration Activities

Of the 34 awarded contracts, around 50 per cent went to high-caliber Saudi firms that have proven their ability to handle complex projects.
July 10th, 2019 - 07:33 GMT

Saudi Aramco Awards $18 Billion Contracts to Boost Production Capacity

The weaker global economic outlook is keeping oil prices under downward pressure
July 9th, 2019 - 01:00 GMT

Oil Prices Plummet Amid Trade Disputes

ADNOC Distribution is aware of the misinformation published online and in some news outlets at the end of June.
July 7th, 2019 - 09:52 GMT

ADNOC Distribution’s ‘Hello Summer’ Campaign Offers All Customers Free Assisted Fueling From 11am – 5pm This July

Saudi Arabia's Energy Minister Khaled al-Falih arrives at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) for meeting on July 01, 2019 in Vienna, Austria.
July 7th, 2019 - 08:28 GMT

Saudi Increased Oil Supply Failed to Offset Iran, Venezuela Losses in June

Despite lower supplies, crude oil has fallen from a six-month high above $75 a barrel in April
July 6th, 2019 - 12:00 GMT

OPEC Output Sinks to New Five-Year Low

Initial production from the field would progressively increase to 40,000 bpd by the end of 2019
July 4th, 2019 - 06:30 GMT

Potential Resources for Crude Oil Discovered in 3 New Fields in Abu Dhabi

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