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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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The oil pipeline will transport petroleum products from the port city of Karachi to major consumer Punjab. (File photo)
March 13th, 2017 - 04:00 GMT

Kuwait builds Pakistani oil pipeline from Karachi to Punjab

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
March 13th, 2017 - 08:52 GMT

GRI invites DEWA to join the Standards Pioneers program

Al-Falih added that the kingdom held a long-term view and had kept capital spending unchanged despite the weakness of oil market conditions over the last two years. (AFP/File)
March 12th, 2017 - 07:00 GMT

False expectations of demand hinders oil investments: Al Falih

There are still many unanswered questions about the revenue sharing and other issues related to oil and gas. (Shutterstock)
March 9th, 2017 - 07:00 GMT

Lebanon's lawmakers pledge to grant oil and gas contracts by end 2017

Motiva was formed in 1998 as a refining and marketing joint venture between affiliates of Shell and Saudi Aramco. (Saudi Aramco)
March 8th, 2017 - 05:17 GMT

Saudi Aramco, Shell finalize Motiva asset transfer to dissolve long-term JV

The special-purpose company - owned by Marubeni (20 per cent), JinkoSolar (20 per cent) and Adwea with a 60 per cent stake - will construct, own, operate and maintain the PV plant. (File photo)
March 7th, 2017 - 08:00 GMT

Sino-Japanese JV wins contract for Abu Dhabi solar power plant

Oman Oil Marketing Company announces end of Tasweik registration
March 6th, 2017 - 10:34 GMT

Oman Oil Marketing Company announces end of Tasweik registration

Bahrain's new LNG Import Terminal will form a vital part of the energy infrastructure of the country.  (Shutterstock/Vytautas Kielaitis)
March 6th, 2017 - 06:03 GMT

Bahrain's Nogaholding plans over $7B of oil and gas investments into 2022

Lukoil accounts for over two per cent of global crude oil production and around one per cent of the world’s proved hydrocarbon reserves.  (File photo)
March 5th, 2017 - 10:00 GMT

Russia's Lukoil eyes operations expansion in Middle East

Rosneft is going through privatization, but remains partially owned by the Russian government. (Rosneft)
March 2nd, 2017 - 09:00 GMT

Russia's Rosneft calls for Libyan autonomy after striking oil deal

Zoom new store
March 1st, 2017 - 08:01 GMT

ZOOM expands its network in Dubai

The Emirati Safwan Petroleum Technologies company allocated $2m initial investments for the Egyptian market. (Shutterstock/Wan Fahmy Redzuan)
February 28th, 2017 - 09:00 GMT

Arab investors target opportunities in Egypt's energy, industrial sectors

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