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Oil and Renewables

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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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The LNG will be supplied from Qatargas 2, the world's first fully integrated LNG value chain venture, with the first cargo expected to be delivered to Pakistan in 2018. (Shutterstock)
October 2nd, 2016 - 09:00 GMT

Qatargas and Pakistan's GEIL sign 20-year LNG sales deal

The increase in prices for kerosene and diesel is around 2.4 per cent, and around 3.6 per cent for gasoline.  (File photo)
October 2nd, 2016 - 07:00 GMT

Jordan raises fuel prices

ADNOC service station
October 2nd, 2016 - 05:22 GMT

ADNOC Distribution temporarily closing NGV fuelling at Souq Al Bateen Service Station in Abu Dhabi

The development came after Kuwaiti lawmakers on Thursday requested an emergency session of parliament to debate the price increase.. (File photo)
September 29th, 2016 - 06:24 GMT

Kuwait court rules fuel price hikes illegal

Mohammed Al Tayer, MD & CEO of DEWA
September 29th, 2016 - 06:14 GMT

DEWA awards tender for first building in UAE to be fully printed onsite and first 3D-printed laboratory building in the world

Sources in OPEC said the group would reduce output to 32.5 million barrels per day from current production of 33.24 million bpd, according to Reuters. (File photo)
September 29th, 2016 - 06:13 GMT

OPEC reaches consensus on cutting output

During the signing
September 29th, 2016 - 04:19 GMT

Oman Oil Marketing Company signs partnership agreement with Ministry of Sports Affairs to support football clubs

The next formal OPEC meeting will be in Vienna on November 30. (Shutterstock)
September 28th, 2016 - 09:00 GMT

Hopes dim over Algeria talks as Iran rejects Saudi offer on oil output cuts

Many Jordanina MPs have called on the government to shy from importing the Israeli gas, citing the frequent Israeli crimes against the Palestinian people. (Shutterstock)
September 27th, 2016 - 05:56 GMT

Jordan's NEPCO signs deal with Noble Energy to receive gas from Israel

During the event
September 27th, 2016 - 03:40 GMT

GE Oil & Gas signs landmark contract with Petroleum Development Oman (PDO) for providing Integrated Progressing Cavity Pump systems and services

The Mafraq plant is the first PV solar plant to be financed out of the four planned under the Jordanian government’s second round of solar PV projects, said the statement. (Shutterstock)
September 26th, 2016 - 04:39 GMT

Jordan secures $76M for solar power plant in Mafraq

Falah Al Amri, Iraqi governor to OPEC and Director General of Iraq’s Oil Marketing Co, known as SOMO. (YouTube)
September 22nd, 2016 - 08:30 GMT

Iraq raises expectations for Algiers oil meeting

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