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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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Cyprus, a member of the European Union, is anxious to develop the gas reserves in its so-called exclusive economic zone -- an offshore region lying south of the island.
October 31st, 2014 - 12:01 GMT

Please stop: Greece, Egypt, Cyprus urge Turkey to quit 'illegal' gas search

Al Bawaba
October 30th, 2014 - 09:43 GMT

ENOC Lubricants Marketing highlights capabilities of ELOMP at the 11th ME Base Oils & Lubricants Conference

The price of benchmark North Sea Brent crude has dropped more than a quarter from a high above $115 per barrel
October 29th, 2014 - 07:29 GMT

'Don't Panic' says OPEC Secretary General

Al Bawaba
October 29th, 2014 - 09:25 GMT

ENOC hosts breast cancer awareness day in partnership with Pink Caravan

Brent is set to average $85 a barrel in the first quarter, down from a previous forecast of $100.
October 28th, 2014 - 05:56 GMT

A self-fulfilling prophecy? Not really. Goldman Sachs slashes oil price forecast, brings prices further down

Al Bawaba
October 28th, 2014 - 10:29 GMT

Cylingas EHS statistics records, 1.2 Million safe man hours without LTI, on various phases of Project ELOMP

Al Bawaba
October 28th, 2014 - 07:34 GMT

RAK Petroleum to launch initial public offering in Norway

Iraq's oil supplies were held back by decades of war and sanction
October 27th, 2014 - 07:42 GMT

What IS? Iraq oil exports undettered by regional turmoil

Oil prices have fallen by a quarter since June as excess supply and weaker demand create a glut on world markets.
October 27th, 2014 - 05:51 GMT

Staying positive: Gulf countries 'upbeat' despite oil price crash

These large differences will be translated in Lebanon – as a result of current draft laws – to losses much higher than the $14 billion resulting from the discounts in royalties.
October 26th, 2014 - 02:20 GMT

Disturbing questions loom over Lebanon's 'secret' oil negotiations

With markets faltering, most Gulf Arab crude producers today however, can bank upon the cushion of significant reserves
October 26th, 2014 - 01:57 GMT

As uncertainty rules, the only certainty is that OPEC's upcoming meeting will be a game changer

Oil prices had an impact on SABIC’s earnings through the prices of raw materials and final products
October 26th, 2014 - 01:38 GMT

The power of wishful thinking: Saudi SABIC's CEO says oil price downfall is 'temporary', despite profit slide

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