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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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OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said. (Shutterstock)
March 31st, 2019 - 07:59 GMT

Oil Prices Report Biggest Quarterly Rise in a Decade

South Pars has 14 trillion cubic meters of natural gas and 19 billion barrels of gas condensate, which is equivalent to 50% of the country's overall reserves and 8% of the world's gas reserves. (Shutterstock)
March 31st, 2019 - 07:16 GMT

Natural Gas Production Rises 12 Percent in Iran

Fuel prices were hiked last month as well. (Shutterstock)
March 29th, 2019 - 06:00 GMT

UAE Rises Petrol Prices for April

The lower house of the Jordanian legislature does not have the power to cancel the deal. (Shutterstock)
March 28th, 2019 - 12:07 GMT

Jordan Votes Against Israel Gas Deal

Together, China, the US and India accounted for nearly 70 per cent of the rise in energy demand around the world, stated the Global Energy & CO2 Status Report released by IEA today (March 27). (Shutterstock)
March 28th, 2019 - 09:51 GMT

Report: Global Energy Demand Hits Fastest Pace in a Decade

Saudi Aramco’s planned initial public offering (IPO) is set to be the biggest in history — and so requires some equally historic moves in preparing for the share sale. (Shutterstock)
March 28th, 2019 - 08:54 GMT

Saudi Aramco’s Acquisition of 70 Percent Stake in SABIC Paves Way for IPO

A Department of Energy official said the requests contained proprietary information and that the authorisations went through a multi-agency approval process. (Shutterstock)
March 28th, 2019 - 08:20 GMT

US Approves Selling Secret Nuclear Power Technology for Saudi Arabia

Four key technology trends are playing a big role in shaping companies’ strategies for delivering growth amid today’s pervasive change. (Shutterstock)
March 28th, 2019 - 08:12 GMT

4 Technology Trends in Oil and Gas for 2019

Imran Khan. (Shutterstock)
March 26th, 2019 - 12:32 GMT

Imran Khan: Asia’s Largest Oil, Gas Reserves May Soon Be Found Near Karachi

Export of Iranian gas to Iraq, Armenia and Republic of Azerbaijan is underway within the framework of the provisions as stipulated in the contract. (Shutterstock)
March 26th, 2019 - 09:31 GMT

Turkey to Boost Gas Import From Iran

U.S. Crude Oil WTI Futures fell 0.8% to $58.56 by 1:00 AM ET (05:00 GMT). International Brent Oil Futures was down 0.7% to $66.31. (Shutterstock)
March 25th, 2019 - 12:22 GMT

Oil Prices Slip Amid Concerns on Global Economic Slowdown

As per the deal, 600 MW will be offered by the Office of Renewable Energy Projects Development (Repdo) in a public competition. (Shutterstock)
March 25th, 2019 - 09:13 GMT

Saudi Arabia to Float Tenders for Solar Project in Makkah

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