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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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ENOC Ramadan tent
June 19th, 2016 - 08:23 GMT

ENOC celebrates Iftar daily with 500 Fujairah residents

Iftar meals & water distribution during Ramadan
June 19th, 2016 - 04:57 GMT

EQUATE continues partnership with Zakat House for iftar meals & water distribution during Ramadan

A US found that integrating solar power into the grid is complex because, utility system operators would need to favor one source of supply over the other to maintain market balance. (Shutterstock)
June 16th, 2016 - 01:03 GMT

Renewable energy costs could drop by up to 59 percent in five years: IRENA

The plan envisages increasing the country’s refining capacity to about 3.2 million barrels a day by 2020 from 1.85 million currently. (Ship and Bunker)
June 16th, 2016 - 01:00 GMT

Iran plans to boost refinery capacity by more than 70 percent in four years

With markets already balancing on the back of modest global economic growth, the price for crude oil last week topped $50 per barrel for the first time in nearly a year. (File photo)
June 16th, 2016 - 04:37 GMT

Brexit fears, Goldman Sachs report drive oil prices below $50

 The rebalancing of the market may be delayed if halted supplies in Canada, Nigeria and Libya are able to restart, according to the IEA. (Shutterstock)
June 15th, 2016 - 05:20 GMT

IEA predicts oil market balance in 2017

The company said it reached a deal with a committee of holders of notes and bonds to enter into a "standstill agreement" on interest payments for April, which has now been extended to July 1. (European Oil & Gas)
June 14th, 2016 - 12:00 GMT

Gulf Keystone Petroleum gets extension on debt repayments

Natural gas shortages have in the past forced EGAS to ration gas supplies to industry during months of peak consumption, crippling production and hampering Egypt's economic recovery. (File photo)
June 14th, 2016 - 07:00 GMT

Egypt to divert natural gas supplies from industry to meet August power demands

Iran’s oil exports are currently close to pre-sanction levels of around 2.5 million barrels per day. (Iberorusa)
June 13th, 2016 - 11:00 GMT

European companies line up for Iranian oil deals

Al Bawaba
June 13th, 2016 - 07:00 GMT

Saudi Electricity woos international partners for two solar plants

During the event
June 13th, 2016 - 05:14 GMT

MD & CEO of DEWA launches Amazon/Antarctica experience

A WFP ship bringing fuel supplies to Aden in July 2015. (Twitter)
June 12th, 2016 - 07:00 GMT

Yemen: Respite for Aden's fuel crisis as power station refueled

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