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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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Renewables have a major role to play in curbing global emissions.
May 11th, 2019 - 06:30 GMT

Report: MENA Renewable Capacity Growth Accelerates in 2018

Europe has stressed the importance of the deal for its own security
May 9th, 2019 - 09:00 GMT

EU Still Wants to Save Iran's Nuclear Deal, but Without Ultimatums

Nuclear inspectors have certified that Iran has stuck by the terms of the deal.
May 9th, 2019 - 10:02 GMT

Iran Responds to US Sanctions by Suspending Some Nuclear Deal Commitments

Abu Dhabi National Oil Company
May 9th, 2019 - 07:31 GMT

ADNOC Distribution’s Fuel up and Fly off Campaign Creates Desired Results Among UAE Customers

Iran said it seeks to reveal its countermeasures in response to the US’ withdrawal from the landmark agreement.
May 8th, 2019 - 10:00 GMT

Iran Has No Intention to Withdraw From Nuclear Deal

European powers will turn to a dispute mechanism that could reimpose international sanctions.
May 8th, 2019 - 09:36 GMT

EU to Reimpose Sanctions on Iran If It Retreats From Nuclear Deal

The project is expected to directly create around 1,000 job opportunities for Jordanians and more than 2,000 jobs indirectly
May 8th, 2019 - 08:25 GMT

Jordan to Rely on Oil Shale Power Station to Generate 15 Percent of Its Electricity Needs

Iran’s revenues from nano exports stood at $62 million
May 8th, 2019 - 07:27 GMT

Iran to Add 250 New Nano Products to the Market

American benchmark West Texas Intermediate was at $62.41 a barrel at the same time, marking a 0.16% gain after ending the previous session at $62.31 per barrel.
May 7th, 2019 - 01:00 GMT

Oil Prices Increase Amid China Setting for Trade Talks With US

South Sudan has one of the largest reserves of crude in sub-Saharan Africa
May 7th, 2019 - 10:30 GMT

South Sudan, South Africa Sign 6-Year Agreement for Oil Exploration

Most of the foreign direct investment Egypt attracts goes towards its energy sector. 
May 6th, 2019 - 09:26 GMT

World's Largest Solar Installation in Egypt to Be Fully Operational This Year

Both oil and US dollar values are likely to feel downward pressure as the market insists on affordability amid a fall in demand
May 6th, 2019 - 05:38 GMT

How China-US Trade Talks Affect the Oil Market

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