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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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The strong greenback makes dollar-priced oil more expensive for buyers using weaker currencies, and this weighs on demand and prices.
January 7th, 2015 - 11:35 GMT

A 'psychologically signficant' benchmark: oil slips below $50 for first time since global recession days

During the visit
January 7th, 2015 - 07:18 GMT

MD & CEO of DEWA visits construction of Solar Testing Facility at the Mohammed bin Rashid Al Maktoum solar park

Al Bawaba
January 7th, 2015 - 04:55 GMT

Obsessed with breaking up conglomerates: how Israel's relationship with its natural resources is putting off investors

Al Bawaba
January 6th, 2015 - 12:47 GMT

Sounds better: Jordan to import gas from Gaza Marine field

Up to $3 billion of Brent contracts will be bought versus $1.14 billion of WTI contracts, the bank estimated.
January 6th, 2015 - 11:41 GMT

Fresh lows: oil prices slip slightly below $50, edge up again

During the event
January 6th, 2015 - 10:33 GMT

MD & CEO of DEWA visits construction site of region’s largest green workshop for electricity transformers

Al Bawaba
January 6th, 2015 - 08:54 GMT

Omanoil contributes to the development of a future-ready Omani workforce

During the event
January 6th, 2015 - 04:40 GMT

DEWA signs MoU with RTA to collaborate on Dubai’s infrastructure developments

Al Bawaba
January 6th, 2015 - 01:26 GMT

A war of nerves, or hedging: US shale producers step up game against Gulf powerhouses

Al Bawaba
January 5th, 2015 - 08:11 GMT

ENOC offers customers chance to win 99 cars and AED 5.2 million in total prizes this DSF

During the opening
January 5th, 2015 - 05:46 GMT

ADNOC Distribution ppens Al Qalaa Vehicle Inspection Center in Abu Dhabi

Al Bawaba
January 4th, 2015 - 04:22 GMT

The most vulnerable? Oil price slump aggravates South Sudan's economic woes

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