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Oil and Renewables

Oil and Renewables latest

Economic blow to European economies as Hormuz disruption threatens energy supplies
March 19th, 2026 - 10:42 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Economic blow to European economies as Hormuz disruption threatens energy supplies

ALBAWABA- A new study has warned that a near-total disruption of shipping through the Strait of Hormuz could deal a severe economic blow to European economies, as escalating Iran–Israel tensions threaten global energy flows. The research, conducted by the Supply Chain Information Institute alongside the Centre for Complexity Science and Delft University of Technology, finds that the impact would be concentrated in a small number of EU countries and would ...
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Saudi Arabia and Russia have agreed to extend the oil output reduction deal for another nine months, until march 2018. (AFP/ Joe Klamar)
May 15th, 2017 - 10:30 GMT

Saudi Arabia, Russia Back OPEC's Oil Output Cut in Joint Statement

ENOC Group Chief Executive Officer His Excellency Saif Humaid Al Falasi
May 14th, 2017 - 08:13 GMT

Line up confirmed for Middle East Health, Safety and Environment forum

A Libyan security member walks past an oil drill on the Al-Ghani oil field near the city of Waddan on March 23, 2013. (AFP)
May 10th, 2017 - 09:00 GMT

Libya Has Potential to Produce 1 Million Oil Barrels Per Day, But It Can't: Here's Why

Win for pro-EU Macron and talk of extending a production deal by OPEC may not be enough to stimulate oil markets. (AFP)
May 9th, 2017 - 09:00 GMT

Macron Win, OPEC Cuts Not Enough to Stimulate Oil Markets: Analysts

The move is aimed at increasing the capacity of the facility to 120,000 barrels per day (bpd). (File photo)
May 9th, 2017 - 11:30 GMT

Jordan, Honeywell Sign $1.6-Billion Deal to Expand Zarqa Refinery

Nearly 100 years have passed since Saudi Arabia’s founder King Abdulaziz first urged Saudi citizens to start investing in oil-giant company Aramco. (Alriyadh)
May 7th, 2017 - 06:00 GMT

Saudi Arabia's Founding Father Foresaw Aramco’s Value 100 Years Ago

Kuwait Energy expects to raise around $150 million from the IPO, which is expected to start trading in June.
 (Shutterstock)
May 4th, 2017 - 08:21 GMT

Kuwait Energy Files for Listing on London Exchange in OPEC first

An Egyptian man loads gas cylinders onto a truck to be refilled at a warehouse in Cairo, Egypt, on September 11, 2016. (AFP/ File)
May 4th, 2017 - 04:00 GMT

'Egypt Will Achieve Gas Self-Sufficiency by 2018, Surplus by 2020,' Says Minister

The Organization of Petroleum Exporting Countries (OPEC) reached a deal to cut global oil production by 1.2 million barrels per day to balance an oversupplied market through managed production declines. (AFP/ Yasser Al Zayyat)
May 3rd, 2017 - 12:00 GMT

Kuwait Petroleum Reports $715 Million Net Profit Despite Competition, Oil Turbulence

The Iran Oil Show 2017 will kick off in capital Tehran on May 6, 2017, with a total number of around 4,000 exhibitors from 37 countries, including the US, Germany, Russia, and China. (AFP/ Eric Piermont)
May 2nd, 2017 - 01:20 GMT

Iran Gears Up For Giant Oil and Gas Show With Exhibitors From US, Russia, China and EU

Oman Oil Marketing Company Acting CEO Hussain bin Jama Al Ishaqi joined some of the world’s most renowned entrepreneurs as a panelist at the 5th Africa Business Forum.
April 30th, 2017 - 08:15 GMT

Oman Oil Marketing Company joins region’s leading companies at the 5th Africa Business Forum

Iran’s Ghadir electricity and energy company and Greece’s Metka engineering firm cooperated over the project that took seven months to complete through an investment of around $15 million. (File photo)
April 27th, 2017 - 01:40 GMT

Iran launches largest solar plant to date, announces bids for renewable energy projects

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