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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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Al Bawaba
December 19th, 2014 - 12:29 GMT

Qatar won't do it? Bahrain to start importing gas from Russia in 2017


Kuwait Energy holds a 49.5 per cent revenue interest in the East Ras Qattara development lease
December 18th, 2014 - 11:58 GMT

A 'Jurassic' discovery: Kuwait Energy finds new hydrocarbon site in Egypt

The kingdom is the largest economy in the Arab world, and OPEC’s biggest crude producer.
December 18th, 2014 - 04:55 GMT

Stubborn, delusional, or both? Saudi Arabia to keep up 'massive' public spending package despite oil price crash

He also said OPEC would need to see how badly the market was oversupplied and for signs of demand picking up.
December 17th, 2014 - 06:18 GMT

Playing with oil? OPEC signals 'wait and see' approach could last a year

Last week, both 95-octane and 98-octane gasoline fell by LL800 and are now priced at LL26,400 and LL27,100 (17 USD and 18 USD).
December 17th, 2014 - 02:26 GMT

The happier side: fuel prices in Lebanon drop

Al Bawaba
December 17th, 2014 - 11:29 GMT

ENOC inks Deal with ADNOC for Strategic Transfer of its Sharjah Non-operational Facilities

Al Bawaba
December 17th, 2014 - 09:13 GMT

RasGas: Supporting the Vision

Al Bawaba
December 17th, 2014 - 09:04 GMT

EQUATE sponsors Kuwait Dive Team’s project to protect coral reefs

Al Bawaba
December 17th, 2014 - 06:41 GMT

Emarat takes 20 fils off diesel price

Al Bawaba
December 17th, 2014 - 04:55 GMT

Oil prices: the honeymoon is over

Al Bawaba
December 16th, 2014 - 11:12 GMT

Finally, some happy news! Oil price drop likely to lead to lower airfares next year

However, the Syrian civil war exposed deep splits within the Opec, notably between Saudi Arabia and Iran.
December 16th, 2014 - 03:45 GMT

Betting on the counterintuitive? Understanding Saudi Arabia's logic, or lack thereof, behind not cutting oil output

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