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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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The pact ends this month and the group meets in coming weeks to decide their next move
June 8th, 2019 - 03:00 GMT

Opec Close to Deal on Oil Output Cut Extension

Turkey’s political situation has been unstable since the results of the Istanbul mayoral race were canceled and the vote was set for a re-run on June 23.
June 4th, 2019 - 12:02 GMT

Starting Next Month Turkey Buys Oil From Iraq Instead of Iran

Bahrain has issued a new edict allowing foreign companies to own 100 per cent of oil and gas drilling activities in the kingdom. 
June 3rd, 2019 - 12:30 GMT

Bahrain Grants Full Foreign Ownership in Oil, Gas Drilling

Iraq exported 106.6 million barrels from the country’s central and southern oil fields.
June 2nd, 2019 - 12:00 GMT

Iraq Crude Oil Exports Reaches 3.572 Million bpd in May

The costs for renewable energy technologies decreased to a record low last year.
June 2nd, 2019 - 11:00 GMT

Renewable Energy:Cheapest Source for Electricity

Since Asian refiners buy almost 60 percent of their crude intake from the Arabian Gulf, relative prices for sour crudes have been robust.
June 2nd, 2019 - 10:30 GMT

Oil Prices Plummet Again Due to Supply Fears, Economic SlowDown

Brent touched a session low of $64.37 a barrel, lowest since March 8.
June 2nd, 2019 - 08:30 GMT

US Sanctions Affect OPEC Output Despite Saudi Boost

Terrorist actions not only target the kingdom and the Gulf region, but also target the safety of navigation and world oil supplies.
June 2nd, 2019 - 07:30 GMT

Saudi Arabia: Regional Terrorist Attacks May Threaten Oil Supplies

Some of Iran's oil exports are already under the radar, making it harder to assess the actual volume.
May 30th, 2019 - 07:30 GMT

Iran's Oil Exports Plummet to 400,000 bpd Due to US Sanctions

OPEC, Russia and other producers agreed to cut output by 1.2 million barrels per day
May 30th, 2019 - 07:00 GMT

Russia Mulls Extending Oil Output Reduction with OPEC

Super 98 petrol will cost Dh2.53 per litre, up from Dh2.48 a litre in May
May 30th, 2019 - 06:30 GMT

UAE to Raise Petrol Prices in June

The country imported 3 bcm of natural gas via pipeline
May 29th, 2019 - 10:30 GMT

Turkey's Natural Gas Imports Plummet 9 Percent

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