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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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Saudi's index closed May’s trading at 8,516 points, proving the vitality of the local market and the positive performance at the same time.
June 10th, 2019 - 07:30 GMT

Saudi Stocks Exchange Resumes Amid Significant Rise in Oil Prices

Achieving the objectives of the Dubai Clean Energy Strategy 2050 will require a production capacity of 42,000 megawatts, MW, of clean and renewable energy by 2050.
June 10th, 2019 - 05:53 GMT

UAE to Construct Floating Solar Plants in the Arabian Gulf

Iran confirmed attending the upcoming OPEC meeting in Vienna later in June.
June 9th, 2019 - 09:00 GMT

Iran: No Intentions to Leave OPEC

Brent and WTI crude prices rose to $63.29 and $53.99 per barrel respectively.
June 9th, 2019 - 06:00 GMT

Oil Prices Continue to Fall As Volatile Market Described Worst Since the Financial Crisis

The pact ends this month and the group meets in coming weeks to decide their next move
June 8th, 2019 - 03:00 GMT

Opec Close to Deal on Oil Output Cut Extension

Turkey’s political situation has been unstable since the results of the Istanbul mayoral race were canceled and the vote was set for a re-run on June 23.
June 4th, 2019 - 12:02 GMT

Starting Next Month Turkey Buys Oil From Iraq Instead of Iran

Bahrain has issued a new edict allowing foreign companies to own 100 per cent of oil and gas drilling activities in the kingdom. 
June 3rd, 2019 - 12:30 GMT

Bahrain Grants Full Foreign Ownership in Oil, Gas Drilling

Iraq exported 106.6 million barrels from the country’s central and southern oil fields.
June 2nd, 2019 - 12:00 GMT

Iraq Crude Oil Exports Reaches 3.572 Million bpd in May

The costs for renewable energy technologies decreased to a record low last year.
June 2nd, 2019 - 11:00 GMT

Renewable Energy:Cheapest Source for Electricity

Since Asian refiners buy almost 60 percent of their crude intake from the Arabian Gulf, relative prices for sour crudes have been robust.
June 2nd, 2019 - 10:30 GMT

Oil Prices Plummet Again Due to Supply Fears, Economic SlowDown

Brent touched a session low of $64.37 a barrel, lowest since March 8.
June 2nd, 2019 - 08:30 GMT

US Sanctions Affect OPEC Output Despite Saudi Boost

Terrorist actions not only target the kingdom and the Gulf region, but also target the safety of navigation and world oil supplies.
June 2nd, 2019 - 07:30 GMT

Saudi Arabia: Regional Terrorist Attacks May Threaten Oil Supplies

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