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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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GCC countries set no specific emission reduction targets at COP21 but promised to develop their renewable energy sectors. (Shutterstock)
September 4th, 2016 - 09:00 GMT

GCC's interest in diversifying the energy mix comes at an opportune time

During the event
September 4th, 2016 - 04:55 GMT

EQUATE congratulates Al-Mekrad as Head of Fire Department

Last month, Norwegian oil and gas company DNO, which also has a strong Kurdish portfolio, made a $300M bid for Gulf Keystone Petroleum. (AFP/Muhannad Fala'ah)
September 1st, 2016 - 07:00 GMT

Iraq-player Gulf Keystone Petroleum looks to raise capital with common shares offer

Shell has used modern technology in the seismic survey phase of the field and dug one of the deepest wells in the western desert. (File photo)
September 1st, 2016 - 03:55 GMT

Royal Dutch Shell makes new gas discovery in Egypt's western desert

Energean has operated oil and gas-producing assets since 1981, and currently holds four licenses in Greece and one in Egypt. (Energean.com)
August 31st, 2016 - 12:00 GMT

Greece's Energean signs $148.5M deal for gas exploration in Israel

Under the proposed scenario, the Iraqi government would be shipping about 150,000 barrels per day of oil through Iran that is being produced from the fields in Kirkuk. (File photo)
August 30th, 2016 - 11:08 GMT

Iraq plans sale of Kirkuk oil via Iran if negotiations with Kurds fail

During the event
August 30th, 2016 - 05:08 GMT

DEWA organises Second Emirati Women’s Forum

The IOCs' interest in the third Cypriot licensing round stems from Eni's major Zohr gas discovery in August 2015, in northern Egyptian waters about five miles from Cypriot wa­ters. (Pexels)
August 30th, 2016 - 05:02 GMT

After Egypt's gas discovery, oil majors rush to bid for Cyprus' offshore blocks

It takes approximately one year to drill, another year for appraisal, two to three years to hammer out a production plan and another two to three years for full production before Lebanon can begin exporting gas. (Shutterstock)
August 29th, 2016 - 12:00 GMT

Lebanon's gas production and export will take seven years after decrees passed

OPEC’s second-largest producer, trailing Saudi Arabia, Iraq depends on oil sales for 95 percent of its public spending. (AFP/File)
August 29th, 2016 - 08:54 GMT

Iraq to vie for a larger slice of the oil market

During the event
August 29th, 2016 - 05:11 GMT

DEWA concludes first children’s summer camp

Oil producing countries will hold an informal meeting in Algeria next month though it looks unlikely that they will reach an agreement to cut or freeze production to prop up oil prices.  

 (File photo)
August 29th, 2016 - 04:13 GMT

UAE to raise petrol prices in September

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