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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 minister said he expects Iran’s crude oil exports to hit 2 million bpd this month. (Iran Daily)
March 14th, 2016 - 05:11 GMT

Iran will consider oil production freeze after four million barrels

From the meeting
March 13th, 2016 - 11:29 GMT

MD & CEO receives South Korean Consul General in Dubai

The Mafraq project is expected to be completed in August 2017. (File photo)
March 13th, 2016 - 11:20 GMT

Saudi firm acquires majority stake in Jordanian power plant company

During the event
March 10th, 2016 - 09:51 GMT

Russia will build the first Nuclear Research and Technology Center in Bolivia

Up to fifteen oil producing countries, which produce 73 percent of the world's oil, are prepared to freeze their oil production. (File photo)
March 10th, 2016 - 08:00 GMT

Russia to hold oil production-freeze talks late March

In January 2016 Iraq exported an average of 3.88 million barrels a day, including exports from Iraqi Kurdistan. (File photo)
March 10th, 2016 - 05:00 GMT

Iraq is the third largest market for infrastructure projects in the GCC

Saudi Aramco recently announced the possibility of an initial public offering in the future. (File photo)
March 9th, 2016 - 01:37 GMT

Saudi Aramco to ramp up production over next ten years

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
March 8th, 2016 - 11:44 GMT

Message of HE Saeed Mohammed Al Tayer, MD & CEO of DEWA on International Women’s Day

Production levels at refineries and petroleum plants producing automobile fuels in Oman dropped by 11.6 per cent in 2015. (File photo)
March 8th, 2016 - 07:30 GMT

Oman: Fuel price revision prompts changes in consumer behaviour

ROSATOM
March 7th, 2016 - 10:00 GMT

Russia and Algeria discussed further cooperation in the peaceful use of nuclear power

Last month, Russia's Lukoil, Spain’s Cepsa and France's Total shipped the first oil cargoes from Iran for Europe since the removal of sanctions. (Wikimedia Commons)
March 7th, 2016 - 08:00 GMT

Iran on standby to resume pipeline oil shipments to Egypt

Gaza Strip residents have no electricity for 16 hours a day due to limited fuel and capacity. (AFP/Mohamed Abed)
March 6th, 2016 - 06:00 GMT

Israel's energy ministry opens talks for Leviathan gas imports to Gaza

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