Oil and Renewables | Al Bawaba

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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 ...

ADNOC Distribution is aware of the misinformation published online and in some news outlets at the end of June.

July 7th, 2019 - 09:52 GMT

ADNOC Distribution’s ‘Hello Summer’ Campaign Offers All Customers Free Assisted Fueling From 11am – 5pm This July

Saudi Arabia's Energy Minister Khaled al-Falih arrives at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) for meeting on July 01, 2019 in Vienna, Austria.

July 7th, 2019 - 08:28 GMT

Saudi Increased Oil Supply Failed to Offset Iran, Venezuela Losses in June

Despite lower supplies, crude oil has fallen from a six-month high above $75 a barrel in April

July 6th, 2019 - 12:00 GMT

OPEC Output Sinks to New Five-Year Low

Initial production from the field would progressively increase to 40,000 bpd by the end of 2019

July 4th, 2019 - 06:30 GMT

Potential Resources for Crude Oil Discovered in 3 New Fields in Abu Dhabi

The IPO process was never fully suspended

July 3rd, 2019 - 07:30 GMT

Saudi Aramco IPO Set for 2020-21

Unfortunately, oil is now being used as a tool to put pressure on Iran and other members such as Venezuela

July 2nd, 2019 - 01:00 GMT

Iran Exempted From OPEC Agreement Again

The country's total import of oil products also increased by 15.35% in April to 3.58 million tonnes compared to April 2018.

July 2nd, 2019 - 12:30 GMT

Turkey’s Crude Oil Imports Up by 60.94 Percent in April 2019

The government’s fuel pricing committee on Sunday decided to lower the prices of gasoline and diesel, citing a fall in international prices of crude oil

July 1st, 2019 - 11:30 GMT

Jordan Cuts Fuel Prices for July

OPEC and its allies led by Russia have been reducing oil output since 2017 to prevent prices from sliding.

July 1st, 2019 - 08:30 GMT

OPEC, Allies to Extend Oil Supply Cuts for 9 Months

Booming shale production from places like the Permian basin of West Texas have enabled US oil output to overtake Saudi Arabia and Russia.

June 30th, 2019 - 09:34 GMT

US Oil Output Exceeds 12 Million Barrels per Day in April

Mohammed bin Salman and Vladimir Putin at a working session of leaders at the G20 summit in Osaka, Japan.

June 30th, 2019 - 06:20 GMT

Russia Agrees on OPEC Output Cut Extension by 6-9 Months

Providing enough capacity to cover the demand of 90,000 people, the plant features more than 3.2 million solar panels, installed across an 8 km2 site.

June 29th, 2019 - 04:36 GMT

World's Largest Solar Project Starts Operation in UAE