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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 Kurdish Ministry of Natural Resources said its oil- and gas-dependent economy was a vital contributor to the funds necessary to support the fight against the Islamic State. (File photo)
December 6th, 2016 - 06:00 GMT

Kurdish oil reps court opportunities in London

During the event
December 5th, 2016 - 12:06 GMT

HE Saeed Mohammed Al Tayer discusses with HE Mona Al Bahar ways to instil a culture of innovation among the younger generation

Any production increase from Libya and Nigeria will naturally dilute the impact of the agreed production cuts. (Shutterstock)
December 5th, 2016 - 12:00 GMT

OPEC's poor history of compliance will make production cut deal a challenge

Rouhani emphasized that the prospects will be specifically positive in light of the country’s recent “victory” in OPEC to move ahead with its crude oil production and export plans with no limitations.  (File photo)
December 5th, 2016 - 09:00 GMT

Iran budgets on oil at $50 in 2017

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
December 4th, 2016 - 09:11 GMT

DEWA main sponsor of 3rd Knowledge Summit 2016

ADNOC Oasis store
December 4th, 2016 - 06:59 GMT

ADNOC Distribution launches ‘Oasis of Surprises’ promotional campaign

During the event
December 4th, 2016 - 06:46 GMT

EQUATE discusses energy conservation with Electricity & Water Ministry

In May, the General Authority for Petroleum announced an international tender for 11 oil and natural gas blocks in the western desert and Gulf of Suez. (File photo)
December 4th, 2016 - 06:00 GMT

Egypt receives bids worth $200M for oil and gas exploration

During the event
December 1st, 2016 - 06:14 GMT

DEWA officials and staff mark Commemoration Day to honour Emirati martyrs

The deal promises to revive the tattered finances of countries from Venezuela to Libya and restore flagging confidence in the producer bloc that controls 40 per cent of the world’s oil. (File photo)
December 1st, 2016 - 05:04 GMT

OPEC agrees to first output cut deal in eight years

ADNOC National Service
November 30th, 2016 - 09:37 GMT

ADNOC launches initiative to honour UAE National Service employees

The Anglo-Dutch is the operator of the giant Majnoon field near Basrah in southern Iraq which started production in 2014. (Shell)
November 30th, 2016 - 09:30 GMT

More trouble than it's worth? Shell considers divestment of Iraqi oil assets

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