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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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Iran is now pumping 3.7 million barrels of crude oil per day and seeks to regain its market share of pre-sanctions levels of 4 million barrels per day. (File photo)
January 9th, 2017 - 10:00 GMT

Iran reaps rewards following OPEC production cut

Al Bawaba
January 9th, 2017 - 09:00 GMT

Abu Dhabi to host inaugural Atlantic Council Global Energy Forum

Dubai Electricity and Water Authority
January 9th, 2017 - 06:07 GMT

DEWA receives COBIT5 certification in governance and information technology operation control

Presently, an average of 700 to 1000 megawatts of electricity are being exported to Iraq. (Pixabay)
January 9th, 2017 - 05:00 GMT

Iran to extend sale of electricity to Iraq

As falling oil revenues put pressure on budgets, the Chinese suppliers’ established reputation for value, combined with their increasing reputation for quality and innovation, make them highly competitive. (Shutterstock)
January 8th, 2017 - 05:25 GMT

China eyes MENA's lucrative solar panel market

Seismic studies have indicated that Lebanon may possess trillions of cubic feet of oil and natural gas in its waters, a discovery that could boost international confidence in Lebanon’s economic future. (Shutterstock)
January 5th, 2017 - 07:05 GMT

Lebanon passes long-awaited decrees on oil and gas exploration

Earlier selloff came as traders grew anxious about whether OPEC members and other oil producers would scale back output as part of a deal agreed in late 2016. (Shutterstock)
January 5th, 2017 - 06:15 GMT

Oil edges higher as Kuwait confirms commitment to cutting output

According to the National Iranian Oil Co., it's a "big step" in opening Iranian oil and natural gas fields up to Western investors. (AFP/Flle)
January 4th, 2017 - 08:00 GMT

Iran courts foreign oil and gas investors

Al Bawaba
January 3rd, 2017 - 12:00 GMT

Egypt cuts arrears to foreign oil companies to $3.5B

A new advertising campaign will explain the system for using the fuel smartcards, as well as the places for getting them. (Shutterstock)
January 2nd, 2017 - 11:00 GMT

Egypt rolls out gasoline smartcard system

During the visit
January 2nd, 2017 - 09:42 GMT

HE Saeed Mohammed Al Tayer discusses ways to enhance collaboration with Italy's Ambassador to the UAE

Egypt aspires to increase its oil and gas production to meet the growing domestic demand for energy. (File photo)
December 29th, 2016 - 11:30 GMT

New Egyptian oil and gas agreements worth $220M

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