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Oil and Renewables

Oil and Renewables latest

Brent crude
March 3rd, 2026 - 08:24 GMT
Sally Shakkour

Sally Shakkour

Brent crude jumps by 4% to $81 per barrel

ALBAWABA - Brent crude increased by over 4 percent, hitting $81 per barrel in afternoon trade in Asia on Tuesday amid intensive attacks in the Middle East. Around 0800 GMT, Brent was trading up 4.41 percent at $81.17 per barrel, while West Texas Intermediate was up 3.99 percent at $74.07 per barrel, AFP reported Tuesday. Nonetheless, European gas prices also recorded an increase of another 30 percent on Iran.
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Oil prices settled at a two-week high on Friday, as geopolitical uncertainty in the Middle East raised the threat of supply disruptions. (AFP/ File)
October 16th, 2017 - 09:28 GMT

Oil Prices Soar on Rising Iraqi-Kurdish Tensions

ADNOC's new unified brand will bring together its subsidiary companies under one common identity.
October 15th, 2017 - 08:36 GMT

ADNOC Launches Unified Brand Identity Across Its Group of Companies

ZOOM Avengers
October 15th, 2017 - 07:34 GMT

Zoom Launches Marvel’s Avengers Promotion Across UAE Stores, With a Grand Prize of a Trip to New York for a Family of Four

Saudi Aramco celebrated this week the opening of a new office in India. Here's why it's good news for oil markets. (File photo)
October 11th, 2017 - 07:00 GMT

Opinion: Why Saudi Aramco's New India Office Is Good News for Oil Prices

From 2000 to 2015, India's imports from OPEC nations increased from $2 billion to nearly $140 billion. (AFP/ File)
October 11th, 2017 - 10:52 GMT

Could India Be World’s Next Big Driver of Oil Consumption?

There is genuine concern by GCC governments to develop renewable energy. Here's what each country is doing to reduce its dependence on oil. (File photo)
October 11th, 2017 - 09:37 GMT

How Saudi Arabia, Kuwait, UAE and Bahrain Are Moving Towards a Greener Economy

Through this deal, Rosneft has become a partner in the development of the largest gas field in the Mediterranean Sea. (AFP/ File)
October 11th, 2017 - 09:22 GMT

Russian Oil Company Rosneft Buys 30 Percent Stake in Egypt's Zohr Gas Field

Saudi Aramco this week launched a subsidiary in India. But what is Saudi Aramco exactly looking for in India? (AFP/ File)
October 11th, 2017 - 08:54 GMT

Why Did Saudi Aramco Launch a Subsidiary in India?

The office was inaugurated by Saudi Aramco President and CEO, Amin H. Nasser at an event attended by Shri Dharmendra Pradhan India’s Minister of Petroleum, Saudi Ambassador to India Dr. Saud Alsati, Indian government officials, heads of major Indian oil companies, as well as business and industry partners.
October 11th, 2017 - 08:26 GMT

Saudi Aramco Expands Presence in India With Opening of New Aramco Asia India Office

Last year, Adnoc’s crude oil exports to Japan averaged 513,000 bpd – around 25 per cent of Japan’s crude oil imports.
October 10th, 2017 - 05:14 GMT

ADNOC Boosts Ties With Japan

The solar carports aim to generate electricity using photovoltaic (PV) panels. (WAM)
October 8th, 2017 - 07:49 GMT

Dewa Launches Solar Carports Project

Saad Sherida al Kaabi, Qatar Petroleum's President and CEO. (File photo)
October 5th, 2017 - 12:50 GMT

Qatar Petroleum Was Quick to Absorb Impact of Saudi-Led Blockade: CEO

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