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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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Jordan currently imports 97% of its energy, paying at least double what it would pay for Israeli gas.
December 10th, 2014 - 06:01 GMT

Jordan's energy minister wholeheartedly sells gas deal with Israel

Oil prices will stay at about $65 a barrel for at least half a year until OPEC changes its collective production
December 10th, 2014 - 05:36 GMT

Kuwait says oil prices 'stuck' at $65, unless OPEC changes it mind

Al Bawaba
December 10th, 2014 - 03:53 GMT

In for the long haul? BP to invest $12 billion in solving Egypt's energy crisis

While the six sovereign states in the GCC can withstand the pressure of oil prices averaging around Moody's estimate of $80 to $85 a barrel in 2015.
December 10th, 2014 - 03:38 GMT

Structural weakness or bad luck? Oman, Bahrain will be pinched the hardest by lower oil prices

In addition to the inventory situation, the move in oil prices is related to developments in currency markets.
December 10th, 2014 - 02:16 GMT

Dear oil, now what?

The low price scenario is the least favourable to most of the major oil producers but does not represent a catastrophe for the oil industry.
December 9th, 2014 - 03:34 GMT

How many lost battles will it take? Saudi Arabia leads price war on US shale producers

 
Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan.
December 9th, 2014 - 02:33 GMT

No Israel this time? Jordan, Egypt sign agreement to cooperate on nuclear energy

Al Bawaba
December 9th, 2014 - 09:28 GMT

EQUATE sponsors Kuwait’s 5th annual convention of disabled persons

At a meeting last month, top oil exporter Saudi Arabia resisted calls from poorer members of the Organization of the Petroleum Exporting Countries to reduce production
December 8th, 2014 - 05:27 GMT

Oil prices hit new five year low

Al Bawaba
December 8th, 2014 - 03:51 GMT

How Israel is, allegedly, taking advantage of Lebanon's 'distractions' to steal its gas

The resurgence in US hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999.
December 8th, 2014 - 02:33 GMT

An economic comeback? US experiences highest job prospects since 1999

Soaring energy use and inadequate gas supplies have spurred the UAE to look to nuclear power to diversify its energy sources beyond
December 8th, 2014 - 01:13 GMT

A $20 billion project: UAE first nuclear reactor to come into operation in 2017

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