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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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Lebanese government: supplies will last for 5 weeks if Israel imposes a blockade
August 9th, 2024 - 02:11 GMT
Reema Tuqan

Lebanese government: supplies will last for 5 weeks if Israel imposes a blockade

Oil declines 3.5%, hits lowest level in 8 months
August 3rd, 2024 - 08:20 GMT
Reema Tuqan

Oil declines 3.5%, hits lowest level in 8 months

Japan
August 1st, 2024 - 06:47 GMT

Japan import 96.3% of their oil from Arab countries in June

Saudi oil revenues hit 18% peak in the second quarter of 2024
August 1st, 2024 - 05:36 GMT
Reema Tuqan

Saudi oil revenues hit 18% peak in the second quarter of 2024

UAE: Petrol and gold prices peak for August 2024
July 31st, 2024 - 07:13 GMT
Reema Tuqan

UAE: Petrol and gold prices peak for August 2024

Oil prices dip as Israel backs off from a Lebanon war
July 29th, 2024 - 07:57 GMT

Oil prices dip as Israel backs off from a Lebanon war

AI progression is driving an energy crisis, experts warn
July 28th, 2024 - 09:04 GMT

AI progression is driving an energy crisis, experts warn

Oman is constructing a new liquefied natural gas train to increase production
July 28th, 2024 - 07:56 GMT
Reema Tuqan

Oman to construct new liquefied natural gas train to increase production

Saudi Arabia resumes importing fuel oil from Kuwait after two years
July 26th, 2024 - 10:03 GMT
Reema Tuqan

Saudi Arabia resumes importing fuel oil from Kuwait after two years

KSA: non-oil exports hit $7.70B, highest level in 2 years
July 25th, 2024 - 07:34 GMT
Reema Tuqan

KSA: non-oil exports hit $7.70B, highest level in 2 years

Oil prices drop globally; China’s demand is a big concern
July 25th, 2024 - 06:03 GMT
Reema Tuqan

Oil prices drop globally; China’s demand is a big concern

electricity demand
July 22nd, 2024 - 10:12 GMT

Global electricity demand to grow at faster pace in nearly two decades

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