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Shell company building

July 30th, 2026 - 09:20 GMT

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 ...

According to various estimates, IS receives $1 million to $3 million from illegal transactions of Iraqi oil every day.

November 9th, 2014 - 05:55 GMT

Down the drain: Iraqi economy losing $1.2 billion each month on Kirkuk-Ceyhan pipeline

Al Bawaba

November 6th, 2014 - 06:48 GMT

Can GCC citizens be taken off subsidies?

Al Bawaba

November 6th, 2014 - 06:23 GMT

Maybe if you believe it enough, it will happen: OPEC says oil demand will soar 60%

A substantial part of the world’s production requires high prices to be sustainable.

November 6th, 2014 - 05:34 GMT

An ironic twist: will declining oil prices hit shale harder than oil?

Al Bawaba

November 6th, 2014 - 08:37 GMT

DEWA commences work on AED 65 million project to increase efficiency and reliability of water transmission network across Dubai

Al Bawaba

November 6th, 2014 - 05:07 GMT

Emarat participate at ADIPEC 2014 to assert its leadership within the petroleum industry

US light crude was down $2.00 at $76.78 a barrel. It touched a session low of $75.84, its weakest since October 2011.

November 6th, 2014 - 04:55 GMT

Rock bottom? Not yet. Oil prices officially hit four year low

That would take total oil exports from Saudi in August to 7.686 million bpd, close to its crude export levels last year.

November 6th, 2014 - 04:55 GMT

Innovation or desperation? Saudi Arabia seeks tighter grip on oil market through new monumental refineries

“The budget of the Kingdom of Saudi Arabia depends 90 per cent on oil … I’ve already said that this is a huge mistake,” said the prince.

November 5th, 2014 - 09:09 GMT

He's worried, rightfully so: Al-Waleed Bin Talal asks his country to stop 'huge mistake' and establish sovereign wealth fund

Al Bawaba

November 5th, 2014 - 08:40 GMT

A Delegation from Kuwait Petroleum Corporation discusses Energy Cooperation with Emarat

The report does not take the Arab boycott against Israel into account, and therefore does not assume that investment in Israel is even lower than the report found.

November 4th, 2014 - 08:11 GMT

Futile ambitions? The 'boycott effect' aside, Israel declared unfit for gas investments

Kufpec Chief Executive Officer Nawaf Saud Al-Nasir said in a statement Saturday the deal came “as a result of the recently enacted energy reform in Mexico.

November 4th, 2014 - 05:08 GMT

(Un)expected diversification: Kuwaiti company invests in Mexico's energy sector