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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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Mohammed Al Tayer, MD & CEO of DEWA
September 29th, 2016 - 06:14 GMT

DEWA awards tender for first building in UAE to be fully printed onsite and first 3D-printed laboratory building in the world

Sources in OPEC said the group would reduce output to 32.5 million barrels per day from current production of 33.24 million bpd, according to Reuters. (File photo)
September 29th, 2016 - 06:13 GMT

OPEC reaches consensus on cutting output

During the signing
September 29th, 2016 - 04:19 GMT

Oman Oil Marketing Company signs partnership agreement with Ministry of Sports Affairs to support football clubs

The next formal OPEC meeting will be in Vienna on November 30. (Shutterstock)
September 28th, 2016 - 09:00 GMT

Hopes dim over Algeria talks as Iran rejects Saudi offer on oil output cuts

Many Jordanina MPs have called on the government to shy from importing the Israeli gas, citing the frequent Israeli crimes against the Palestinian people. (Shutterstock)
September 27th, 2016 - 05:56 GMT

Jordan's NEPCO signs deal with Noble Energy to receive gas from Israel

During the event
September 27th, 2016 - 03:40 GMT

GE Oil & Gas signs landmark contract with Petroleum Development Oman (PDO) for providing Integrated Progressing Cavity Pump systems and services

The Mafraq plant is the first PV solar plant to be financed out of the four planned under the Jordanian government’s second round of solar PV projects, said the statement. (Shutterstock)
September 26th, 2016 - 04:39 GMT

Jordan secures $76M for solar power plant in Mafraq

Falah Al Amri, Iraqi governor to OPEC and Director General of Iraq’s Oil Marketing Co, known as SOMO. (YouTube)
September 22nd, 2016 - 08:30 GMT

Iraq raises expectations for Algiers oil meeting

Tariffs of private generators remain uncontrolled and unregulated, and are set randomly despite a general weekly pricing guidance published by the government. (File photo)
September 22nd, 2016 - 07:30 GMT

OPINION: Outdated electricity policies leave Lebanon in the dark

During the visit
September 21st, 2016 - 05:09 GMT

HE Saeed Mohammed Al Tayer receives Consul General and Head of the Commercial Section of the Royal Danish Consulate in Dubai

Mohamed Sanusi Barkindo is currently in Algiers meeting with Energy Minister Noureddine Boutarfa. (AFP/File)
September 19th, 2016 - 11:00 GMT

Cautious optimism ahead of OPEC's Algiers meeting

A key modification includes finding a new route for the pipeline to avoid waters controlled by the United Arab Emirates. (File photo)
September 18th, 2016 - 08:00 GMT

Iran-Oman undersea gas pipeline costs set to rise to $1.5B

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