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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 Oman Power and Water Procurement Co (OPWP) recently signed agreements to establish two major independent power plants in Ibri and Sohar. (File photo)
May 31st, 2016 - 07:00 GMT

Oman needs $8B investment to keep pace with power demand: Apicorp

Last week, oil prices rose above $50 a barrel for the first time this year following supply disruptions in Canada and Nigeria and a decline in crude inventories in the United States. (Shutterstock)
May 31st, 2016 - 05:00 GMT

Oil may hit $60 by summer: UAE economy minister

During the event
May 30th, 2016 - 11:37 GMT

DEWA organises Information Security Workshop for Cyber Risk awareness

The ministry seeks to produce 20 percent of new and renewable energy of the total national electricity grid by 2020. (File photo)
May 30th, 2016 - 10:59 GMT

Egypt partners with GDF Suez, Toyota and Orascom for wind power plant

Construction of pipeline infrastructure, the development of the gas fields and the pipeline to the Southern Turkish would cost about $4 billion alone. (File photo)
May 30th, 2016 - 10:00 GMT

Israel mulls European gas exports via Turkey

Over the past two years, Jordan has been importing liquefied natural gas (LNG) from Qatar, and from Royal Shell, Vitol, and others. (Shutterstock)

(Shutterstock)
May 30th, 2016 - 04:12 GMT

Israel-Jordan gas export agreement 'soon': Noble Energy

Jordan used to receive around 10,000 barrels per day of crude oil from Iraq before Daesh militants controlled several parts in western Iraq, causing a complete halt to shipments. (Shutterstock)
May 26th, 2016 - 09:39 GMT

Iraqi-Jordanian oil pipeline construction to begin this year

During the event
May 26th, 2016 - 04:55 GMT

DEWA organises appreciation ceremony for strategic partners

Iran continues to stress that it has no plans to freeze the level of its oil production and exports. (File photo)
May 25th, 2016 - 04:17 GMT

Oil recovery to $65 a 'fair price' to encourage investment: Qatari minister

During the event
May 23rd, 2016 - 04:54 GMT

ADNOC launches new brand aligned with strategic focus of efficiency, performance, profitability and people

The cabinet is seeking to create conditions that will help enhance trust, expedite investments and encourage additional investments in the gas sector, including the entry of new investors. (File photo)
May 23rd, 2016 - 04:09 GMT

Israeli cabinet approves new natural gas development plan

Officials from Russia (L) and Egypt (R) sign an agreement to build Egypt's first nuclear power plant as Egyptian President Abdel Fattah al-Sisi (C) in November 2015. (Facebook)
May 22nd, 2016 - 11:00 GMT

Egypt approves $25B Russian loan for Dabaa nuclear power plant construction

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