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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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Saudi Aramco plans to sell less than 5 percent of the company via an initial public offering. (File photo)
April 28th, 2016 - 06:00 GMT

Saudi Aramco outlines financial plan to become 'a global industrial conglomerate'

Due to oversupply around the world and low global demand, crude oil prices began falling in June 2014 from $115 per barrel.  (File photo)
April 27th, 2016 - 08:00 GMT

Hope on the horizon as World Bank forecasts oil price rise to $41 a barrel

The gap in estimate means a NIS 100 billion reduction in revenue from gas sales and a reduction of more than NIS 50 billion in state revenues from taxation. (File photo)
April 26th, 2016 - 07:00 GMT

Dutch report cuts Leviathan gas estimates

Oil exports were not affected by the strike action.  (AFP/File)
April 26th, 2016 - 04:13 GMT

Kuwait suffered up to $200M in losses due to oil strike

ROSATOM
April 25th, 2016 - 07:35 GMT

Rusatom Overseas and PLN held workshop on Russian Nuclear Power Plant Technologies

One of Israel's main concerns is that Russian involvement would forestall the development of Leviathan in order to prevent competition with Russian gas. (File photo)
April 25th, 2016 - 07:30 GMT

Russia's Gazprom eyes Leviathan gas investment

The proposed solar project will create jobs of 1,000 people locally.  (File photo)
April 25th, 2016 - 05:30 GMT

Oman: German-funded mega solar project planned in Duqm

With oil prices down by approximately 65 percent compared to their mid-2014 levels, total earnings combined at the six companies declined 34 percent in 2015. (File photo)
April 21st, 2016 - 05:00 GMT

Negative outlook for oil companies as Fitch predicts 22 percent fall in earnings

Kuwaiti oil workers at the union headquarters in Al-Ahmadi, 35 km south of Kuwait city.  (AFP/File)
April 19th, 2016 - 01:00 GMT

Kuwait oil workers strike cripples 60 percent of production

Airlines are likely to increase prices to offset the decline in corporate bookings. (Oman Air)
April 19th, 2016 - 09:00 GMT

Austerity weighs on corporate air travel in Oman

Morgan Stanley said that the failed deal "underscores the poor state of OPEC relations." (AFP/File)
April 19th, 2016 - 04:20 GMT

Collapsed Doha oil talks: After Iran's snub, what happens now?

Failure to clinch the freeze deal can weaken prospects for recovery of oil prices that have fallen by up to 70 per cent since their peak in mid-2014. (File photo)
April 18th, 2016 - 04:05 GMT

Doomed from the start? Oil production talks in Doha fail to strike deal

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