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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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During the event
November 27th, 2016 - 10:03 GMT

EQUATE participates in GPCA Leaders of Tomorrow Seminar

ADNOC Distribution service station
November 27th, 2016 - 07:28 GMT

ADNOC Distribution opens Al Mareead Marine service station in Ras Al Khaimah

OPEC is trying to cement a preliminary September agreement that would reduce its production to between 32.5 million and 33 million barrels per day. (File photo)
November 27th, 2016 - 06:00 GMT

Vienna oil meet scrapped following Saudi Arabia withdrawal

Oil prices posted wide swings in trading Tuesday as investors tried to guess what would happen next as OPEC members started preparations for meetings next week on a production proposal. (Shutterstock)
November 24th, 2016 - 11:00 GMT

Uncertainty over OPEC maneuvering sends oil prices lower

During the event
November 24th, 2016 - 07:33 GMT

ENOC recognises top suppliers for adding value to its business

ADNOC Distribution service station
November 23rd, 2016 - 09:37 GMT

ADNOC Distribution opens five rebranded service stations in Sharjah

During the event
November 22nd, 2016 - 09:23 GMT

DEWA hosts global ICT solutions provider Huawei during Innovation Week

King Salman bin Abdulaziz restructured the ministries responsible for handling water and energy policies in May 2016. (Wikimedia Commons)
November 22nd, 2016 - 08:30 GMT

Saudi Arabia moves to modernize water and energy sectors

During the event
November 22nd, 2016 - 06:44 GMT

Oman Oil Marketing Company shares the spirit of the Sultanate with new National Day video

Ministers and officials have said OPEC was moving closer towards dealing with sticking points and most members were prepared to offer Iran flexibility on production volumes. (File photo)
November 22nd, 2016 - 06:43 GMT

Dollar edges lower on OPEC meeting progress

OPEC agreed in Algeria on September to cut oil production to 32.5 million barrels a day (mb/d) from current level of 33.24 mb/d to boost the market. (File photo)
November 20th, 2016 - 07:00 GMT

Qatar announces talks with Iran, Iraq ahead of oil meet

In September, Novak met with Saudi Oil Minister Khalid al-Falih on the sidelines of the G20 summit in China to discuss ways to reverse a slide in crude oil prices. (AFP/File)
November 17th, 2016 - 12:00 GMT

Russian optimism on oil production talks raises hopes for Doha

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