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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 members will meet on Thursday to discuss the prolongation of the oil cut deal. (AFP)
May 24th, 2017 - 05:00 GMT

Oil Prices Stall Ahead of Pivotal OPEC Meeting

US President Donald Trump submitted a proposal to sell off half of the US oil stockpile as a way to curb the national debt. (AFP/ File)
May 23rd, 2017 - 11:15 GMT

Trump's Proposal to Sell Half of US Reserves Threatens Another Oil Glut

The chaotic scene at OPEC’s ordinary meeting on December 4, 2015. (AFP/ File)
May 22nd, 2017 - 02:06 GMT

Stay, Cut or Hike Production: What Will OPEC Choose to Do?

E-Fill operates by establishing a direct link between a customers’ Head Office and the filling station office via non-transferrable tags attached to vehicles and outfitted with RFID technology.
May 22nd, 2017 - 11:00 GMT

Oman Oil Marketing Company introduces E-Fill tags to enhance commercial fuel management at filling stations

Iran's President Hassan Rouhani taking a tour of Russian-backed Bushehr nuclear power complex on September 10, 2016. (AFP)
May 21st, 2017 - 11:30 GMT

Iran Amps Up Electricity Exports to Iraq Despite Outstanding Debts

Jebel Ali K-Station
May 21st, 2017 - 06:35 GMT

Siemens completes extensive service of Jebel Ali K-station’s gas turbines in record time

US President Donald Trump and his wife Melania step off a plane upon arrival at Andrews Air Force Base in Maryland on January 19, 2017. (AFP/ Mandel Ngan)
May 17th, 2017 - 12:32 GMT

Saudi Arabia to Sign At Least 10 Oil Deals With US During Trump's Visit: Aramco

A Chinese traditional dance troupe performs at the inauguration ceremony of the Yanbu Aramco Sinopec Refining Company Project in Riyadh on January 20, 2016. (AFP/ Fayez Nureldine)
May 17th, 2017 - 12:00 GMT

Saudi Arabia, China Ink $10-Billion Oil Refinery Deal

Oman Oil Marketing Company - Lubricant Promotion In Al Ashkara
May 17th, 2017 - 05:53 GMT

Oman Oil Marketing Company draws winners of lubricants promotion in Al Ashkara

Saudi Aramco has appointed a new senior deputy chairman, eight executives and six deputy chairmen ahead of its much- anticipated IPO. (AFP/ File)
May 16th, 2017 - 05:00 GMT

Saudi Aramco Announces Key Appointments Ahead of IPO

Kuwait’s oil minister Essam Marzouk has expressed his country’s support for an oil cut deal extension previously agreed by Saudi Arabia and Russia. (AFP/ Yasser Al-Zayyat)
May 16th, 2017 - 11:30 GMT

Kuwait Backs Saudi, Russian Call to Extend Oil Output Cut Into 2018

With global oil stocks still too high and US supply recovering faster than anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018. (File photo)
May 15th, 2017 - 02:00 GMT

Brent Oil Prices to Average $54 per Barrel in 2017, $56 in 2018: Experts

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