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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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Oil prices slip on demand worries outweighing supply concerns
August 29th, 2023 - 11:50 GMT

Oil prices slip on demand worries outweighing supply cuts

Saudi fuel subsidies exceeded those of G20
August 29th, 2023 - 10:59 GMT

Saudi fuel subsidies exceeded those of G20

Saudi foreign reserves dropped in July
August 29th, 2023 - 10:08 GMT

Saudi foreign reserves dropped in July

Oil prices rise on new China stimulus, Fed remarks
August 28th, 2023 - 01:48 GMT

Oil prices rise on new China stimulus, Fed remarks

Saudi Public Investment Fund to sell Ades shares in local IPO
August 28th, 2023 - 12:07 GMT

Saudi Public Investment Fund to sell Ades shares in local IPO

Sinopec reports lower profit amid new China stimulus
August 27th, 2023 - 01:02 GMT

Sinopec reports lower profit amid new China stimulus

Solar cell factory in Amman construction starts late 2023
August 27th, 2023 - 12:02 GMT

Solar cell factory in Amman construction starts late 2023

Oil prices up in Asia, down in Europe
August 23rd, 2023 - 12:18 GMT

Oil prices up in Asia, down in Europe

Iran aims to boost oil output as exports hit new highs
August 23rd, 2023 - 11:45 GMT

Iran aims to boost oil output as exports hit new highs

Iraq to resume oil exports to Turkey soon
August 23rd, 2023 - 11:08 GMT

Iraq to resume oil exports to Turkey soon

Oil prices dip on anticipation of Iraq resuming oil export
August 22nd, 2023 - 11:43 GMT

Oil prices dip on anticipation of Iraq resuming oil export

Oil prices stabilize after days of fluctuation
August 17th, 2023 - 09:01 GMT

Oil prices stabilize after days of fluctuation

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