Oil and Renewables | Al Bawaba

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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 world's largest crude exporter stored 284 million barrels inside the country in April, 3.8 percent more than in March

June 19th, 2012 - 08:24 GMT

Saudi Arabia oil: more stock as exports fall

Smart grid regulatory frameworks are in the early stages of development but progress is being made

June 18th, 2012 - 02:00 GMT

Smart grid can save up to $1bn for Gulf states in a year

After averaging nearly $120 in the first quarter of this year, Brent crude oil has slipped as low as $95 a barrel this month “ the lowest level since January 2011

June 18th, 2012 - 09:33 GMT

Sliding oil price rebalances Middle East economy

Al Bawaba

June 18th, 2012 - 09:31 GMT

Octal pioneers pet bottle recycling program with Salalah’s British School

One reason why is probably that finding common ground between mainly Iran and Saudi will be hard still, particularly given their conflicting interests in view of the upcoming sanctions

June 18th, 2012 - 09:07 GMT

OPEC: not the same group without quotas

The market was also supported by hopes that the United States Federal Reserve would step in with new stimulus measures to bolster the world's largest economy, traders said

June 17th, 2012 - 07:34 GMT

Crude oil prices rise after OPEC holds output target

The group's biggest producer, Saudi Arabia, is pumping near its highest level in three decades and said on June 11 that there may be a need to boost the target

June 14th, 2012 - 12:54 GMT

OPEC unlikely to change crude oil output quota

The harshest of the US and European measures don't formally kick in until the end of the month, yet crude oil exports have already fallen to 1.5 million barrels per day

June 14th, 2012 - 12:24 GMT

The curse of oil sanctions costs Iran

Sanctions are not ineffective

June 14th, 2012 - 08:01 GMT

Iran's sanctions have positive effect on businesses creativity

Near midnight on Tuesday, the Cabinet announced an increase in the price from JD0.62 to JD0.70 per litre

June 14th, 2012 - 07:54 GMT

Fuel price hike, bad time for consumers in Jordan

Al Bawaba

June 14th, 2012 - 04:19 GMT

ENOC heats up with DSS promotions

EMGAS receives CSR Label award

June 12th, 2012 - 10:20 GMT

Emirates Gas wins Dubai Chamber CSR Label award for 2nd consecutive year