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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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After the U.S. president hit European allies with aluminum and steel tariffs, the meeting shows a Washington policy drifting away from European commitments. (AFP)
June 10th, 2018 - 08:22 GMT

Oil Prices Slip on G7 Trade Concerns

During the event
June 6th, 2018 - 08:17 GMT

ADNEC Launches ‘ADNEC Giving’ Humanitarian & Charity Campaign Throughout the Holy Month of Ramadan

The price of oil recently hit $80 a barrel but the price retreated to $77 a barrel on May 26 after Saudi Arabia and Russia said they were ready to ease supply curbs. (Shutterstock)
June 4th, 2018 - 09:41 GMT

Oil Price Uncertainty Becomes Major Budget Concern for Egypt

With the rise in oil prices, normal household budgets are set to rise, but the economy will generate more jobs and attract more investment, say experts. (Shutterstock)
June 4th, 2018 - 08:37 GMT

Inflation to Rise Alongside Oil Prices in UAE

Manama rises from its 17th rank in the purchase power index of 2015. (Shutterstock)
May 31st, 2018 - 07:52 GMT

Manama Broke Into the Top 10 Cities in Purchasing Power Globally

Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday, 2 June, to discuss OPEC matters. (Shutterstock)
May 30th, 2018 - 10:38 GMT

Saudi, Kuwait and UAE Plan Meeting on OPEC

The country signed its first offshore oil and gas exploration and production agreement for two of Lebanon’s 10 offshore blocks on Feb. 9, 2018. (Shutterstock)
May 30th, 2018 - 10:18 GMT

First Phase of Lebanon Oil Exploration Set to Begin This Week

Prices of petrol have been increased by 14 fils a litre. (Shutterstock)
May 29th, 2018 - 06:45 GMT

Petrol Prices Reach Highest Levels Next Month in UAE

Precious metals, led by gold, have recently been caught in the crosshairs of a rising dollar and US 10-year bond yields climbing through the psychological 3% level. (File Photo)
May 28th, 2018 - 12:00 GMT

Gold Bounces Back to $1,300/Oz as Oil Rally Runs out of Steam

EMGAS to kick-off Ramadan charity campaign with Bait Al Khair.
May 28th, 2018 - 08:55 GMT

Emirates Gas to Kick-Off Ramadan Charity Campaign With Beit Al Khair Society

The Aramco IPO would be a once-in-a-generation event for financial markets. (File Photo)
May 27th, 2018 - 09:26 GMT

Saudi Minister Al-Falih Says Aramco IPO Likely in 2019

The Sultanate's production of crude oil and condensates till the end of April 2018 stood at 116,065,000 barrels. (Shutterstock)
May 27th, 2018 - 06:48 GMT

Omani Crude Oil Price Rises 22 Percent Till April 2018

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