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Shell company building

July 30th, 2026 - 09:20 GMT

P. Choiaqo

Shell records more than double profits as war rages in the Middle East

ALBAWABA - British oil and gas company Shell has seen its profits more than double compared to the same period last year as oil prices surge amid Strait of Hormuz conflict between the U.S. and Iran. The company’s net profit hit $9.84 billion dollars in the second quarter of the year after Brent oil prices jumped from $60 a barrel in January to $114 in early May at the peak ...

Aramco continued to supply the markets without interruption and therefore revenues should continue as they are

September 19th, 2019 - 07:00 GMT

Saudi Attacks on Oil Infrastructure Have “Zero” Impact on the Economy

A Customs strike was the cause of long queues at gas stations

September 18th, 2019 - 08:00 GMT

Cars Lined Up for Fuel Ahead of Strike by Gas Station Owners in Lebanon

The kingdom will achieve 11 million barrels per day (bpd) capacity by the end of September

September 18th, 2019 - 05:57 GMT

Saudi Arabia Committed to Fully Restore Oil Production by Month-End

The oil output to international markets is back to what it was before the attack

September 18th, 2019 - 05:57 GMT

Saudi Arabia Committed to Fully Restore Oil Production by Month-End

With the oil cartels market share of the world’s production now tumbling below one-third, there are signs Opec’s significance in global markets is waning.

September 17th, 2019 - 12:30 GMT

What Will Happen to Oil Markets After the Attacks on Saudi Facilities?

Prices are likely to break out of the current $55-65 a barrel options range, to test the high of $70s as currently supported by fundamentals

September 17th, 2019 - 06:30 GMT

Oil May Hit $75 Level If Saudi Outage Prolongs for More Than Six Weeks

Iraq partly fills its power shortages by importing both electricity and natural gas from Iran.

September 16th, 2019 - 01:00 GMT

Iraq, GCCIA Sign Deals to Transmit Electricity

During the event

September 16th, 2019 - 09:44 GMT

Octal Wins ‘Financing Deal of the Year’ Award at Alam Al-Iktisaad Wal a’Mal Business Awards

The company is currently working on evaluating the final effects to determine the financial impact.

September 16th, 2019 - 09:00 GMT

4 Major Saudi Petchem Groups Cut Feedstock Supplies After Attack

Trump authorised the release of US supplies from its Strategic Petroleum Reserve

September 16th, 2019 - 07:30 GMT

Oil Prices Soar Due to Slashing Saudi Output by Half After Attack

Major buyers of Saudi crude in the region are unlikely to press the panic button just yet

September 16th, 2019 - 06:30 GMT

Oil Projected to Hit $80 per Barrel After the Attack on Saudi Arabia

Russia claims there could be as much as $35 trillion worth of untapped oil and natural gas in its Arctic region.

September 15th, 2019 - 11:30 GMT

World’s First Floating Nuclear Plant Arrives to Russia