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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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Market developments likely to be dominant economic driver for region once again this year. (Shutterstock)
February 17th, 2019 - 07:49 GMT

Stronger Oil Prices in 2018 Puts Middle East Oil Nations on Solid Ground in 2019

The investment will be made over a six-year period. (Shutterstock)
February 15th, 2019 - 08:53 GMT

Total, Saudi Aramco $1 Billion Project to Create Thousands of Jobs in Saudi Arabia

Turkish exploration ships will soon begin offshore drilling activities around Cyprus island. (Shutterstock)
February 14th, 2019 - 10:40 GMT

Turkish Exploration of Oil, Gas to Start Offshore Around Cyprus

The total exported quantities of Oman crude oil in January 2019 reached 23.32 million barrels. (Shutterstock)
February 14th, 2019 - 10:36 GMT

Over 30 Million Barrels of Crude Oil Produced in Oman Last Month

Exports would fall in March to 6.9 million bpd. (Shutterstock)
February 13th, 2019 - 12:05 GMT

Saudi Arabia to Decrease Oil Production to Reach Market Balance

OPEC member nations could decide once more to reduce their oil output when they meet again in April. (Shutterstock)
February 13th, 2019 - 10:14 GMT

Algeria Expects OPEC to Reduce Oil Output in April

Iran is also ready to increase the level of its uranium enrichment to 20 percent of purity. (Shutterstock)
February 11th, 2019 - 10:17 GMT

Iran Ready to Increase Uranium Enrichment

The industry had returned to $50 oil and it was enough to stimulate some significant hiring in the upstream sector. (Shutterstock)
February 10th, 2019 - 07:21 GMT

Recruitment Rate to Recover in Oil, Gas Industry

OPEC has become a battleground for the rivalry between Saudi Arabia and Iran. (Shutterstock)
February 9th, 2019 - 11:28 GMT

Are We Witnessing the End of OPEC?

Saudi Arabia has cut its crude output in January by about 400,000 barrels per day. (Shutterstock)
February 8th, 2019 - 10:38 GMT

Saudi Arabia Cuts Crude Output Below OPEC Target

The oil and gas industry spends billions of dollars on audit services and employs hundreds of employees working full-time on audit-related activities. (Shutterstock)
February 7th, 2019 - 01:16 GMT

Report: 5 New Technologies to Transforming Oil & Gas Audit

That was an increase by 0.8 per cent compared to an output of 354.2 million barrels for the corresponding period of 2017 (Shutterstock)
February 6th, 2019 - 08:27 GMT

Crude Production Exceeds 350 Million Barrels in Oman

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