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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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Iraq's Oil exports revenues exceed $7 B in March
April 28th, 2023 - 11:40 GMT

Iraq's oil revenues exceed $7b in March

Oil Inventory Rises in OECD Countries, US Crude Oil Imports Drop
April 26th, 2023 - 07:38 GMT

Oil inventory up in OECD, US crude imports drop

GE Continues to Find New Ways to Improve Safety
April 25th, 2023 - 09:15 GMT

GE Continues to Find New Ways to Improve Safety

Russia's oil production expected to surpass 480M Tons in 2023
April 25th, 2023 - 08:02 GMT

Russia oil production to surpass 480M tons

Oman oil marketing company expands operations in Oman
April 25th, 2023 - 07:03 GMT

Oman oil marketing company expands operations in Oman

Oil Prices Rise Due to Optimism About Increased Fuel Demand in China
April 25th, 2023 - 06:48 GMT

Oil prices up in anticipation of more China demand

Saudi Arabia's Crown Prince Transfers 4% of Aramco Shares to Public Investment Fund
April 18th, 2023 - 08:22 GMT

Saudi Crown Prince shifts 4% of Aramco shares to fund

Strategic US crude oil reserves sharply drop
April 18th, 2023 - 07:55 GMT

Strategic US crude oil reserves sharply drop

Qatar energy signs partnership agreement with China's SINOPEC
April 13th, 2023 - 05:49 GMT

Qatar energy signs agreement with China's SINOPEC

Oil prices rise by 2% after US inflation data
April 13th, 2023 - 05:47 GMT

Oil prices up 2% after US inflation data

Russia begins fuel exports to Iran by rail for the first time
April 12th, 2023 - 08:43 GMT

Russia starts exporting fuel oil to Iran

US Energy Department raises oil price forecasts for 2023-24, increases US crude output estimates
April 12th, 2023 - 08:17 GMT

US raises oil price forecasts for 2023-24

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