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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
October 20th, 2014 - 03:55 GMT

Fifty years later, things get tense: Kuwait union slams Saudi 'unilateral' halt to joint output

On receipt of the funds from refiners, the RBI would buy dollars from authorized dealers.
October 19th, 2014 - 12:01 GMT

India is about to pay Iran half a billion dollars, and that's the 'tip' of the oil deal

Saudi Arabia will make sure it will sell its oil first, regardless of the state of the oil markets.
October 19th, 2014 - 11:31 GMT

Reading the signs behind plummeting oil prices: Saudi-led price war or simple supply and demand?

Kuwait has boasted a budget surplus in each of the past 15 fiscal years, helping to increase its sovereign wealth fund to more than $500 billion, according to unofficial estimates.
October 19th, 2014 - 03:55 GMT

There's no going back: Kuwait quietly triples diesel and kerosene prices

The shale revolution has been driven by hundreds of disparate U.S. companies drilling thousands of new wells.
October 16th, 2014 - 11:29 GMT

Wishful thinking: is Saudi Arabia slowly, but maturely, winning the global oil price war against the US?

"Nevertheless, further oil price drops would likely be needed for supply to take a hit — or for demand growth to get a lift," the agency said in its October report.
October 16th, 2014 - 03:55 GMT

A free fall? IEA cuts oil demand outlook, says prices could fall further for THIRD time this month

Al Bawaba
October 15th, 2014 - 08:15 GMT

Qatar to enter phase 3 of Hamad international airport

Al Bawaba
October 14th, 2014 - 08:14 GMT

OILWELL7 Jobs are open for all job Seekers in Saudi Arabia

Defending and winning share in Asia's still growing markets has become the primary focus.
October 14th, 2014 - 04:55 GMT

Not Iraq, not Iran: when it comes to oil rivalry Saudi Arabia's biggest contender is right next door

The signs are everywhere: US oil imports are shrinking much faster than expected while oil production climbs to a thirty-year high.
October 13th, 2014 - 12:22 GMT

It came much, much sooner than expected: a new era of oil abundance might just be in the making

Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC’s biggest producer have told Reuters.
October 13th, 2014 - 11:59 GMT

The $100 dollar days seem to be over: oil prices plummet to 4-year low and not even Saudi Arabia can do anything about it

Al Bawaba
October 13th, 2014 - 05:04 GMT

DEWA showcases its latest portfolio of smart services and initiatives at GITEX 2014

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