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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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Some of Iran's oil exports are already under the radar, making it harder to assess the actual volume.
May 30th, 2019 - 07:30 GMT

Iran's Oil Exports Plummet to 400,000 bpd Due to US Sanctions

OPEC, Russia and other producers agreed to cut output by 1.2 million barrels per day
May 30th, 2019 - 07:00 GMT

Russia Mulls Extending Oil Output Reduction with OPEC

Super 98 petrol will cost Dh2.53 per litre, up from Dh2.48 a litre in May
May 30th, 2019 - 06:30 GMT

UAE to Raise Petrol Prices in June

The country imported 3 bcm of natural gas via pipeline
May 29th, 2019 - 10:30 GMT

Turkey's Natural Gas Imports Plummet 9 Percent

Chinese have recently left Iran but talks are under way with them over completion of phase 11 of South Pars.
May 29th, 2019 - 09:00 GMT

Iran Seeks an Excuse for China for Not Completing Its Role in South Pars Gas Field

GE Iraq Al Qudus.
May 29th, 2019 - 08:39 GMT

GE Commissions Advanced Gas Turbine at Iraq’s Al Qudus Power Plant to Help Meet Summer 2019 Power Needs

There is great anxiety in the market today mainly related to supply concerns. (Shutterstock)
May 29th, 2019 - 08:00 GMT

Kuwait: Oil Market to See Balance by End of Year Despite Uncertainties Around Oil Demand Growth

Abu Dhabi National Exhibitions Company
May 29th, 2019 - 07:53 GMT

ADNEC Wraps Up Successful Participation in AUVSi2019 and ITEC

OPEC and Russia continue to limit their production in order to support prices.
May 27th, 2019 - 10:05 GMT

Oil Prices Fall Following Largest Weekly Drop of 2019

During the event
May 27th, 2019 - 08:21 GMT

Oman Oil Marketing Company Rolls out Enhanced ‘Thawani’ Digital Payment Solution at Service Stations

The prices hit a 2019 high of $75 a barrel in April, which saw prices going up 6.3 per cent compared to March 2019.
May 26th, 2019 - 08:00 GMT

US-China Trade Talks to Determine Oil Prices

Ghassan Salame, UN special envoy for Libya and head of the UN Support Mission in Libya (UNSMIL) speaks during a press conference in the Libyan capital Tripoli.
May 25th, 2019 - 01:00 GMT

UN Envoy: Libya Is Committing Suicide by Wasting Its Oil Wealth

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