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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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Saudi Arabia will make sure it will sell its oil first, regardless of the state of the oil markets.
October 19th, 2014 - 11:31 GMT

Reading the signs behind plummeting oil prices: Saudi-led price war or simple supply and demand?

Kuwait has boasted a budget surplus in each of the past 15 fiscal years, helping to increase its sovereign wealth fund to more than $500 billion, according to unofficial estimates.
October 19th, 2014 - 03:55 GMT

There's no going back: Kuwait quietly triples diesel and kerosene prices

The shale revolution has been driven by hundreds of disparate U.S. companies drilling thousands of new wells.
October 16th, 2014 - 11:29 GMT

Wishful thinking: is Saudi Arabia slowly, but maturely, winning the global oil price war against the US?

"Nevertheless, further oil price drops would likely be needed for supply to take a hit — or for demand growth to get a lift," the agency said in its October report.
October 16th, 2014 - 03:55 GMT

A free fall? IEA cuts oil demand outlook, says prices could fall further for THIRD time this month

Al Bawaba
October 15th, 2014 - 08:15 GMT

Qatar to enter phase 3 of Hamad international airport

Al Bawaba
October 14th, 2014 - 08:14 GMT

OILWELL7 Jobs are open for all job Seekers in Saudi Arabia

Defending and winning share in Asia's still growing markets has become the primary focus.
October 14th, 2014 - 04:55 GMT

Not Iraq, not Iran: when it comes to oil rivalry Saudi Arabia's biggest contender is right next door

The signs are everywhere: US oil imports are shrinking much faster than expected while oil production climbs to a thirty-year high.
October 13th, 2014 - 12:22 GMT

It came much, much sooner than expected: a new era of oil abundance might just be in the making

Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC’s biggest producer have told Reuters.
October 13th, 2014 - 11:59 GMT

The $100 dollar days seem to be over: oil prices plummet to 4-year low and not even Saudi Arabia can do anything about it

Al Bawaba
October 13th, 2014 - 05:04 GMT

DEWA showcases its latest portfolio of smart services and initiatives at GITEX 2014

The consortium is led by Faiz Al-Abideen, a prominent Saudi businessman and adviser to members of the royal family, whose group has built 17 power plants in Saudi Arabia and abroad.
October 12th, 2014 - 10:44 GMT

Saudi Group joins consortium for in $4.5 billion Indian project

Al Bawaba
October 9th, 2014 - 08:44 GMT

ENOC awards 5-year staff transportation contract of AED 50 million to Emirates Transport

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