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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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The King was advised that the IPO would undermine the Kingdom’s economy instead of helping it and their main concern was that it would bring full public disclosure of Aramco’s financial details. (AFP)
August 29th, 2018 - 10:37 GMT

Saudi Arabia Calls off Aramco IPO Plans

Prices had gone up in the month of August as well, compared to the previous month. (Shutterstock)
August 29th, 2018 - 10:27 GMT

Petrol Prices to Rise in UAE Starting September

Aramco is the world's most profitable energy company. With a net income of $33.8 billion in the first half of 2017 before taxes, a considerable amount of the income goes to the government budget, which could change. (AFP)
August 28th, 2018 - 09:34 GMT

With an Indefinite Halt on Its IPO, What's Next for Saudi Aramco?

Oil prices rose amid the fall in US crude inventories by 5.84 million barrels, the biggest drop in four weeks. (Shutterstock)
August 26th, 2018 - 11:53 GMT

Oil Prices Recover Due to Iranian Oil Supply Disruption

A committee set up by the Organization of the Petroleum Exporting Countries and allied non-OPEC exporters would review their crude output at a meeting in Algeria next month. (Shutterstock)
August 26th, 2018 - 10:10 GMT

Agreement on Mechanism to Monitor Oil Supply Expected Before the End of the Year

hmad Bin Shafar, CEO of Empower
August 15th, 2018 - 11:12 GMT

Empower’s Employee Development Initiatives Accelerate Professional Growth in District Cooling Industry

Humaid Matar Al Dhaheri, Group CEO of ADNEC
August 15th, 2018 - 10:53 GMT

ADNEC Renews MoU With EMA and DCT to Establish Abu Dhabi as Global Medical Tourism Hub

Global oil demand growth for 2019 was lowered by 20,000 barrels per day (bpd) to 1.4 million bpd while non-OPEC oil supply in 2019 was revised up by 30,000 bpd to 2.13 million bpd. (Shutterstock)
August 14th, 2018 - 09:50 GMT

OPEC Report: Lower Oil Demand in 2019

Ahmad Bin Shafar, CEO of Empower
August 12th, 2018 - 11:47 GMT

Empower's E-Service Transactions Reach 250,000

EQUATE and MGRP officials with the student interns.
August 12th, 2018 - 10:58 GMT

Equate & MGRP Continue Partnership Through Student Internships

The surge in international oil prices helped Oman recover some portion of its nominal GDP that was lost during the contractionary period. (Shutterstock)
August 12th, 2018 - 08:02 GMT

Report: Oman Reduces Dependence on Oil to Boost Economy

The price of oil in the global market is highly expected to remain within the range of $70 to 75 per barrel until the end of the year. (Shutterstock)
August 10th, 2018 - 07:00 GMT

Kuwait Predicts Stagnant Oil Price Until Year End

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