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Oil and Renewables

Oil and Renewables latest

Shell company building
July 30th, 2026 - 09:20 GMT
P. Choiaqo

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 ...
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Capital expenditure was $14.5 billion, compared to $16.5 billion for the same period in 2018
August 12th, 2019 - 03:30 GMT

Saudi Aramco Net Income Reaches $46.9 Billion for the First Half 2019

Oil prices have been caught up in the retreat, falling to below $57/bbl earlier this week.
August 12th, 2019 - 02:30 GMT

Brent Prices Ease Back From $67 per Barrel Over Geopolitics

India, given its size, population and emerging economy, is one of the biggest markets in the world for petrol and diesel.
August 11th, 2019 - 08:00 GMT

GCC Companies Look at India’s Fuel Retail Industry

Listed companies continue to announce their financial results for Q2 of 2019
August 11th, 2019 - 06:00 GMT

Saudi Stock Remained Strong Despite Sharp Declines in Oil Prices

Away from the Mena region, Asia is forecast to see 130 new crude and natural gas projects starting operations over the next eight years
August 8th, 2019 - 11:30 GMT

Oil, Gas and Petrochemical Projects Value More Than $859 Billion in Mena

The discussions focused on bilateral relations between Riyadh and Washington
August 8th, 2019 - 09:30 GMT

Saudi, American Energy Ministers Discuss the Condition of the Oil Market

In 2018, Oman produced 357.1 million barrels of oil
August 6th, 2019 - 07:00 GMT

China Remains Oman’s Biggest Crude Oil Importer

The small tanker was carrying about 700,000 litres of smuggled fuel
August 5th, 2019 - 01:00 GMT

Iran Seizes Third Foreign Tanker in Less Than a Month

Brent crude oil prices, the international benchmark, fell 7 percent after President Donald Trump announced new tariffs on $300 billion worth of Chinese imports.
August 4th, 2019 - 11:30 GMT

China Unloads Iranian Oil Tankers in Defiance of US Sanctions

In April, Company announced new dividend policy of AED 2.39 billion for 2019. It expects to pay the first half as interim dividend in October.
August 4th, 2019 - 07:35 GMT

ADNOC Distribution Net Profit Increases by 4.3% to Dh1.17 Billion in First Half of 2019

This accounts for 34.7 percent of Japan's total crude imports
August 3rd, 2019 - 03:00 GMT

Japan Imports 26.89 Million Barrels of Oil From UAE in June

The six Round Two projects will see a total solar PV capacity of 1.47 gigawatts (GW) tendered to qualified companies.
August 3rd, 2019 - 12:00 GMT

Saudi Arabia Issues RFPs for Round Two of Solar Projects

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