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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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Al Bawaba
November 24th, 2015 - 06:16 GMT

Israel mulls gas exports to Egypt despite massive Zohr discovery

Though GCC governments depend heavily on oil revenue, declining oil prices are pressuring them to diversify their sources of revenue. (Al Bawaba/File)
November 24th, 2015 - 12:03 GMT

Building strain of falling oil prices may accelerate GCC reforms

Al Bawaba
November 23rd, 2015 - 11:03 GMT

OPINION: Is the market really flooded with surplus oil?

Al Bawaba
November 22nd, 2015 - 12:08 GMT

DEWA hosts 30 initiatives and activities during Innovation Week

Al Bawaba
November 22nd, 2015 - 10:51 GMT

Lower oil prices could drain Saudi FX reserves by $18B per month: report

During the event
November 22nd, 2015 - 10:51 GMT

ADNOC Distribution celebrates new batch of UAE National Trainees after successful completion of Career Development Programs

Emirates National Oil Company
November 22nd, 2015 - 06:23 GMT

ENOC introduces knowledge & robotics-themed initiatives to support UAE Innovation Week

Al Bawaba
November 19th, 2015 - 01:30 GMT

UAE optimistic about $60 oil price by 2016, defends OPEC's position not to cut production

Al Bawaba
November 19th, 2015 - 08:45 GMT

MD & CEO of DEWA meets Siemens delegation

Several energy companies evacuated non-essential staff from northern Iraq last year due to security risks. (Shutterstock)
November 18th, 2015 - 10:00 GMT

Maersk gets KRG go-ahead for oil field development in northern Iraq

Oil companies are waiting for the Lebanese Cabinet to pass two decrees related to the model of licensing round and delineation of the offshore gas blocks. (Shutterstock)
November 18th, 2015 - 09:00 GMT

Lebanon’s gas wealth: A golden opportunity slipping away

The contracts contain in-country value terms to support growth and industry development in Oman. (Shutterstock)
November 17th, 2015 - 09:59 GMT

Oman's PDO signs $650M in deals for centrifugal compressor projects

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