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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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Egypt is set to finalize tenders for the mega project next month and award the contract to the winner in September this year. (File photo)
April 25th, 2017 - 07:45 GMT

ABB, Siemens and other tech giants bid for $1.6B power project in Egypt

The new plant is expected to contribute to solving the problem of transmission bottlenecks in Al-Baqair and Soba industrial zones. (File photo)
April 23rd, 2017 - 03:43 GMT

Sudan gets $200M loan from Arab Fund to build new power plant

OPEC and non-OPEC countries signed a deal last November aimed at cutting production by 1.8 million barrels a day. (AFP/ Joe Klamar)
April 23rd, 2017 - 05:00 GMT

Oil prices stabilize as Saudi Arabia, Kuwait signal likely extension of oil output cut

ADNOC Distribution service station
April 20th, 2017 - 07:40 GMT

ADNOC Distribution opens Mtilan Service Station in Al Dhafra Region of Abu Dhabi

Mock fire and emergency drill at Salalah facility
April 20th, 2017 - 05:47 GMT

OCTAL hosts mock fire and emergency response drill

The Kingdom has announced the launch of more than 30 solar and wind projects as part of a plan to reduce its dependence on oil. (Pixabay)
April 19th, 2017 - 08:10 GMT

Saudi Arabia kicks off $50B renewable energy plan to break oil dependence

Both sides are developing a shared field in the Persian Gulf, from which Iran has started to produce oil. (File photo)
April 18th, 2017 - 07:00 GMT

'If Qatar expands its energy production we will expand too,' says Iran

Egypt expects the first oil shipment from Iraq to reach on May 1, 2017. (File photo)
April 18th, 2017 - 05:14 GMT

Egypt inks first oil deal with Iraq

With these projects, Tunisia says it will generate 472 jobs in different regions of the country for the unemployed university graduates. (AFP/File)
April 18th, 2017 - 03:24 GMT

Tunisia launches $2.8M green projects for young graduates

Statistics show that electricity demand in the MENA region has been growing rapidly, driven by population growth and urbanization, industrialization, and low electricity prices. (Pixabay)
April 18th, 2017 - 02:53 GMT

MENA needs to invest over $300B to meet electricity demand

Saeed Mubarak Al Rashdi, Acting Chief Executive officer of ADNOC Distribution
April 18th, 2017 - 11:43 GMT

ADNOC Distribution opens temporary marine service station on Dalma Island

Since 2007, Gaza has reeled under an Israeli embargo that has deprived its two million population of basic commodities, including food, fuel and medicine. (File photo)
April 17th, 2017 - 06:00 GMT

Gaza blames Ramallah for power station shutdown

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