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Oil and Renewables

Oil and Renewables latest

Blackout in Cuba
August 3rd, 2026 - 08:48 GMT
P. Choiaqo

P. Choiaqo

Millions in the dark as Cuba power grid fails

ALBAWABA - Total power grid failure in Cuba leaves millions of citizens without electricity, compounding fuel shortage issues, obsolete infrastructure, and U.S. embargos and sanctions. The nationwide blackout is not a rare occurrence in the struggling country as rolling power cuts are becoming more and more common amid aging infrastructure and state fuel shortages as 24 hours earlier the entire western part of the country went dark. State media said ...
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The Asian nation was among the countries that gained exemptions to keep importing Iranian oil, with a waiver for importing 360,000 barrels a day. (Shutterstock)
November 25th, 2018 - 05:58 GMT

Despite Sanctions, China Green-Lights Iranian Oil Imports

The statement comes at a very sensitive time when the global spotlight is focused on Mohammed bin Salman, the crown prince of Saudi Arabia and the country’s de facto ruler, and on his potential role in the killing of the Saudi journalist Jamal Khashoggi in Istanbul on Oct. 2. (Shutterstock)
November 22nd, 2018 - 05:15 GMT

US, Saudi Relations Must Remain Intact to Keep Oil Prices Low, According to Trump

The Wild Edens project is initiated by Rosatom and broadcast by National Geographic.
November 21st, 2018 - 11:33 GMT

'Wild Edens: Russia' Special Screening Takes Place in Egypt

During the event
November 21st, 2018 - 07:40 GMT

Public Authority for Industry, Equate & NTEC Sign Accord for Renewable Energy Project

Renewed buying comes after the US went back on its pledge to zero Iran’s oil exports and give waivers to eight major clients of the country. (Shutterstock)
November 21st, 2018 - 05:34 GMT

Japan, South Korea to Resume Oil Imports From Iran

Other designated entities include Iran-based Tadbir Kish Medical and Pharmaceutical Company and the Moscow-based Mir Business Bank. (Shutterstock)
November 21st, 2018 - 05:14 GMT

US Launches Sanctions on Iranian and Russian Oil Shippers to Syria

As oil prices are down more than 20% from the highs of the year, the market expects Opec+ to decide in December 2018 on continuing oil production cuts in order to support oil prices. (Shutterstock)
November 20th, 2018 - 06:34 GMT

Qatar Able to Balance 2018 Budget With Oil Price Padding of $23.8

The Iranian oil minister reiterated that he expected it to expedite the preliminaries to start piping Iranian gas to Oman. (Shutterstock)
November 19th, 2018 - 09:59 GMT

Iran, Oman Initiate Gas Export Talks

The exported non-oil goods weighed 576,000 tons. (Shutterstock)
November 19th, 2018 - 09:39 GMT

Iran's Non-Oil Exports to Qatar Reach $2.9 Million

After demanding a firm stand and commitment by all oil producers, it went full blast to waivers and exceptions. (Shutterstock)
November 18th, 2018 - 05:51 GMT

Oil Producers Retaliate Against Trump's Iran Sanctions Waivers With $70 Price Tag per Barrel

According to officials, the export process will be run by Iraq’s government-run SOMO oil marketing company. (Shutterstock)
November 18th, 2018 - 05:28 GMT

Kirkuk Oil Exports to Resume as Baghdad and Erbil Reach Agreement

Iran's Caspian field, Sardar-e Jangal, was discovered in 2001. According to initial estimates, this field holds 50bcm of natural gas and 2bb of oil - of which Iran could expect to obtain 500 million barrels. (Shutterstock)
November 18th, 2018 - 05:12 GMT

Why Isn't Iran Exploiting Its Shared Oil Fields With Azerbaijan?

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