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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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Recently, members of Oman’s Shura Council called for fuel prices to be fixed annually instead of monthly and to help low income families afford fuel. (Shutterstock)
February 7th, 2017 - 05:28 GMT

Bring subsidies back? Call for 'fuel stamps' to help the poor in Oman

ADNOC Distribution
February 6th, 2017 - 10:46 GMT

ADNOC Distribution opens Al Rgayyb Service Station in Western Region

The non-oil private sector expects market conditions to continue to improve over the coming year. (Shutterstock)
February 6th, 2017 - 08:00 GMT

Saudi’s non-oil businesses improve, but job growth remains slow

The large-scale renewable energy project will generate five thousand megawatts of energy for the country. (File photo)
February 5th, 2017 - 02:00 GMT

Iran to spend $3 billion on renewable energy projects

The ministry stated that it is concerned with saving energy used by the industrial sector and making it more environmentally friendly to reduce CO2 emissions, adding that Egypt is ranked 11th worldwide in terms of rapidly increasing emission rates. (File photo)
February 5th, 2017 - 12:00 GMT

Egypt to invest $6.5 million to solar energy projects

Saudi Arabia plans to award contracts for two new solar and wind power plants. (File photo)
February 5th, 2017 - 09:33 GMT

Saudi to invite bids for renewable energy projects in April

HE Saeed Mohammed Al Tayer, Vice Chairman of Dubai Supreme Council of Energy and President of the EEA
February 3rd, 2017 - 05:19 GMT

Emirates Energy Award continues to receive applications from individuals and organisations

Saudi Oil Minister Khaled al-Falih. (AFP/File)
February 2nd, 2017 - 01:00 GMT

Saudi, Kuwait look to new oil investments in US under Trump

RAK Petroleum
February 2nd, 2017 - 06:43 GMT

RAK Petroleum plc announces management changes

Khair Infographic
February 2nd, 2017 - 06:03 GMT

DEWA approves 12 programmes for 27 social initiatives to support Year of Giving

Major projects of Oman Oil Company include the Duqm gas pipeline, a mega crude storage facility at Ras Al Markaz and several other projects in Duqm free zone.  (Wikimedia Commons)
February 1st, 2017 - 01:00 GMT

Oman Oil announces billion-dollar investment in national projects

Prices of oil derivatives on the local market are calculated based on international prices, with the addition of other costs such as shipment, handling and taxes. (Shutterstock)
February 1st, 2017 - 05:22 GMT

Jordan hikes fuel prices by up to eight percent

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