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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 drop from $120 per barrel in 2014 to under $35 today is the result of a 2% change in the supply-demand balance. (File photo)
February 16th, 2016 - 08:30 GMT

Oil prices on the brink, could drop below sustainable levels

The Khazzan reservoirs have the potential to be a major new supply of gas for Oman. (Shutterstock)
February 15th, 2016 - 07:00 GMT

BP to develop next phase of Oman's Khazzan gas field

Employees work at the Siba oil field from Egypt's state-owned Petrojet in southern Iraq, 30 kilometers south of Basra, on February 5, 2016. (AFP/Haidar Mohammed Ali)
February 14th, 2016 - 09:00 GMT

How to save the oil industry from itself

EQUATE President & CEO Mohammad Husain
February 14th, 2016 - 05:25 GMT

EQUATE realizes USD 739 million net profit in 2015

During the event
February 11th, 2016 - 06:36 GMT

DEWA is strategic sponsor of AccessAbilities Expo 2016

Nader Al Fardan General Manager of EMGAS
February 10th, 2016 - 07:06 GMT

ENOC appoints Nader Al Fardan as General Manager of EMGAS

Iran's plan to boost oil production cloud prospects for a major rebound in crude oil prices. (File photo)
February 9th, 2016 - 10:00 GMT

Oil dips again as Saudi-Venezuelan talks make no mention of production cuts

QP have bought the 30% interest in Chevron's deep-water leases for exploration in Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep. (Caspian Explorer)
February 9th, 2016 - 07:00 GMT

Qatar Petroleum buys stake in Chevron Morocco for offshore exploration

During the event
February 9th, 2016 - 05:50 GMT

MD & CEO of DEWA meets President and CEO of Siemens AG at World Government Summit

H.E Saeed Mohammed Al Tayer MD&CEO - DEWA
February 8th, 2016 - 06:19 GMT

DEWA to share its expertise and achievements at World Government Summit

Non-OPEC suppliers such a the US and Brazil rely on break-even costs above current prices. (Shutterstock)
February 7th, 2016 - 12:42 GMT

Low oil prices will drive non-OPEC producers to decrease output: report

Genel has received a total of $16.3M from the KRG for oil exported through a pipeline through Turkey. (Twitter)
February 7th, 2016 - 08:24 GMT

KRG oil exports earn $682M a month

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