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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 ...

The price of benchmark North Sea Brent crude has dropped more than a quarter from a high above $115 per barrel

October 29th, 2014 - 07:29 GMT

'Don't Panic' says OPEC Secretary General

Al Bawaba

October 29th, 2014 - 09:25 GMT

ENOC hosts breast cancer awareness day in partnership with Pink Caravan

Brent is set to average $85 a barrel in the first quarter, down from a previous forecast of $100.

October 28th, 2014 - 05:56 GMT

A self-fulfilling prophecy? Not really. Goldman Sachs slashes oil price forecast, brings prices further down

Al Bawaba

October 28th, 2014 - 10:29 GMT

Cylingas EHS statistics records, 1.2 Million safe man hours without LTI, on various phases of Project ELOMP

Al Bawaba

October 28th, 2014 - 07:34 GMT

RAK Petroleum to launch initial public offering in Norway

Iraq's oil supplies were held back by decades of war and sanction

October 27th, 2014 - 07:42 GMT

What IS? Iraq oil exports undettered by regional turmoil

Oil prices have fallen by a quarter since June as excess supply and weaker demand create a glut on world markets.

October 27th, 2014 - 05:51 GMT

Staying positive: Gulf countries 'upbeat' despite oil price crash

These large differences will be translated in Lebanon – as a result of current draft laws – to losses much higher than the $14 billion resulting from the discounts in royalties.

October 26th, 2014 - 02:20 GMT

Disturbing questions loom over Lebanon's 'secret' oil negotiations

With markets faltering, most Gulf Arab crude producers today however, can bank upon the cushion of significant reserves

October 26th, 2014 - 01:57 GMT

As uncertainty rules, the only certainty is that OPEC's upcoming meeting will be a game changer

Oil prices had an impact on SABIC’s earnings through the prices of raw materials and final products

October 26th, 2014 - 01:38 GMT

The power of wishful thinking: Saudi SABIC's CEO says oil price downfall is 'temporary', despite profit slide

Supply to the market – both domestically and for exports – may differ from production depending on the movement of barrels in and out of storage.

October 26th, 2014 - 04:55 GMT

Saudi Arabia's new oil tactic? Produce more, supply less

Al Bawaba

October 23rd, 2014 - 03:55 GMT

An identity crisis? Khamenei denounces Iran's oil reliance