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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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An Iranian navy boat tries to stop the fire of an oil tanker after it was attacked in the Gulf of Oman.
June 16th, 2019 - 06:56 GMT

UK to Send 100 Royal Marines to Strait of Hormuz to Protect British Ships

The facilities, owned by the Jordan Oil Terminals Company (JOTC), will effectively provide a strategic reserve of fuel for emergency cases
June 14th, 2019 - 03:00 GMT

Project Funded by UAE to Provide Jordan with Strategic Oil Reserve

Brent crude futures were up $1.71, or 2.85 percent, at $61.68 a barrel by 0908 GMT, having risen as much as 4.45 percent to $62.64.
June 14th, 2019 - 07:30 GMT

Oil Prices Rise Following the Tanker Attack in Gulf of Oman

The new wells aim to ultimately contribute to Jordan’s total energy mix.
June 13th, 2019 - 10:30 GMT

Jordan to Drill Three New Gas Wells

The area is near the Strait of Hormuz, a strategic waterway through which nearly one-third of all oil traded by sea passes.
June 13th, 2019 - 10:10 GMT

BREAKING NEWS: Explosions Target Two Large Oil Tankers in Gulf of Oman

US crude inventories rose by 4.9 million barrels in the week ended June 7 to 482.8 million barrels.
June 13th, 2019 - 07:09 GMT

Oil Supply Cuts to Be Extended at Least Until End of Year

The project goes beyond Facebook's goal to use renewable energy to power its data centers, where the social media giant stores photos, videos and other information that people post on the platform.
June 12th, 2019 - 09:43 GMT

Facebook Builds One of the Largest Solar Projects in US

Saif Humaid Al Falasi, Group Chief Executive Officer of ENOC
June 10th, 2019 - 10:45 GMT

ENOC Group Secures $690 Million Term Loan From a Consortium of Chinese Banks

Saudi's index closed May’s trading at 8,516 points, proving the vitality of the local market and the positive performance at the same time.
June 10th, 2019 - 07:30 GMT

Saudi Stocks Exchange Resumes Amid Significant Rise in Oil Prices

Achieving the objectives of the Dubai Clean Energy Strategy 2050 will require a production capacity of 42,000 megawatts, MW, of clean and renewable energy by 2050.
June 10th, 2019 - 05:53 GMT

UAE to Construct Floating Solar Plants in the Arabian Gulf

Iran confirmed attending the upcoming OPEC meeting in Vienna later in June.
June 9th, 2019 - 09:00 GMT

Iran: No Intentions to Leave OPEC

Brent and WTI crude prices rose to $63.29 and $53.99 per barrel respectively.
June 9th, 2019 - 06:00 GMT

Oil Prices Continue to Fall As Volatile Market Described Worst Since the Financial Crisis

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