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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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Statistics show a 2.4 billion dinars ($1.7 billion) financial black hole in Libya's oil revenues which has yet to explained. (AFP/File)
April 16th, 2017 - 12:30 GMT

Where did Libya's oil money go?

During the event
April 16th, 2017 - 10:40 GMT

Oman Oil Marketing Company announces Ahlain’s winners

The reduction is expected to happen by the end of April, and would bring Russia into compliance with an OPEC-brokered deal to reduce oil output. (Shutterstock)
April 13th, 2017 - 09:00 GMT

Russia slashes output by 300,000 barrels in compliance with OPEC oil cut deal

The new deal stipulates that Paris puts at the disposal of Jordan its expertise in protecting nuclear and radiant materials, as well as preventing and detecting smuggling of nuclear materials. (AFP/File)
April 13th, 2017 - 11:31 GMT

Jordan accelerates nuclear plan by signing safety deal with France

A total of 77 substations will be constructed in various locations of the country and will contribute to improving the power infrastructure in and around Doha, especially in the crowded neighborhoods. (File photo)
April 12th, 2017 - 12:42 GMT

Qatar meets growing demand for electricity with $2.3B investment in cables, substations

The refinery will have the capacity to process 230,000 barrels of crude oil per day for both local and international markets. (File photo)
April 12th, 2017 - 05:00 GMT

Kuwait Petroleum, Oman Oil JV to build major oil refinery, petrochem complex

Algeria is calling for investments in its 4,050MW solar power plant which will include the development of local manufacturing of related equipment. (Shutterstock)
April 11th, 2017 - 03:53 GMT

Post-Brexit UK eyes energy investments in Algeria

Libya's Sharara oilfield, which had only just returned to production, was shut on Sunday after a group blocked a pipeline linking it to an oil terminal. (AFP/File)
April 11th, 2017 - 10:30 GMT

Oil prices up after Libya’s biggest field shuts down

LPG cylinders
April 10th, 2017 - 09:35 GMT

ADNOC Distribution announces reduction of retail price of unsubsidised LPG for month of April

'I will eat you alive,' Philippine President Rodrigo Duterte told terrorists during an address to the Filipino community in Laos in September 2016. (AFP/Ye Aung)
April 10th, 2017 - 08:22 GMT

Philippines' Duterte on GCC tour to discuss investment, workers' rights

ENOC Group signed an agreement with Rotary Engineering Fujairah FZE to construct 12 new storage tanks as part of its plans to expand. (ENOC)
April 10th, 2017 - 07:04 GMT

ENOC refinery expansion receives boost as second major contract signed

One of the two proposed methanol plants is backed by a Chinese group which has a subsidiary in neighboring UAE. (Shutterstock)
April 9th, 2017 - 09:33 GMT

Chinese firms eye methanol projects in Oman

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