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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 ...

Shipments of crude by rail in the US have surged from around 11,000 barrels per day in 2007 to an estimated 340,000 in 2012

November 12th, 2012 - 10:45 GMT

Oil on the rails?

Saudi Arabia and gulf states have said that they will increase oil supply should there be a decrease if, for example, Iran close the Straight of Hormuz

November 12th, 2012 - 10:39 GMT

Saudi and Gulf states ready for oil shortages

Yemen and the UK have held talks on the future of the Aden refinery

November 12th, 2012 - 08:07 GMT

Yemen and UK discus Aden refinery

OPEC ministers have said that they think current prices are "acceptable"

November 12th, 2012 - 07:43 GMT

OPEC ministers support keeping oil prices above $100 per barrel

Iranian gas condensate exports have topped $1 billion

November 12th, 2012 - 07:01 GMT

Iran's gas 'condensates' top $1 billion

The government in Egypt is set to reduce subsidies on gasoline in the coming days

November 12th, 2012 - 06:41 GMT

Pouring fuel on to the fire? Egypt set to cut gasoline subsidies within days

Oil exports are set to reach $400 billion from the MENA region

November 12th, 2012 - 03:00 GMT

Black gold: Oil exports to reach $400billion in MENA region

Shale gas could cause severe environmental problems

November 11th, 2012 - 10:50 GMT

Algeria to exploit controversial shale gas

Saudi oil exports have been valued $245 million as domestic consumption also increases

November 11th, 2012 - 10:29 GMT

Saudi oil exports valued $245 million

Strait of Hormuz.

November 8th, 2012 - 08:15 GMT

World oil users will be left high and dry if Iran seals off Hormuz water-passage

A fire burns on a gas pipeline in the town of Al Arish, North of Sinai. The pipeline, which supplies gas to Jordan and Israel, has come under attack at least 15 times since Egyptian resident Hosni Mubarak was toppled in 2011

November 7th, 2012 - 12:12 GMT

Energy dispute runs out of gas as Egypt agrees to boost Jordan's supplies

Al Bawaba

November 7th, 2012 - 07:21 GMT

EQUATE sponsors kidney patients’ forum