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 ...

Diverting surplus oil revenues to cash handouts – whether to the whole population or just a part – is familiar in Kuwait and Saudi Arabia, this would be a tempting way to sustain tribal loyalties and tackle any sense of injustice given resentment toward Moammar Gadhafi’s lavish lifestyle

September 6th, 2011 - 02:21 GMT

Sharing oil wealth key challenge for Libya

Baseeri said the sovereign debt crisis in the United States and Europe, the loss of the Libyan oil and inflation in China were the main causes for fluctuations in oil prices

September 5th, 2011 - 02:33 GMT

Kuwait, Saudi Arabia boost oil output to ease prices

Members of the March 14 opposition have criticized the plan, saying it would allow Bassil access to $1.2 billion without supervision or accountability

September 5th, 2011 - 07:12 GMT

Lebanese cabinet to discuss electricity proposal further

The plan has thrown the government into paralysis, threatening Cabinet solidarity among ministers who supposedly belong to the new Parliament majority which ousted Hariri from the premiership in January

September 4th, 2011 - 02:55 GMT

The Lebanese electricity plan.. will it be put into action?

Aframax tankers in the Med market are also used to lift crude oil from Syria but a violent five-month-old crackdown on pro-democracy protestors as well as existing sanctions have led to slower aframax trade there

September 4th, 2011 - 02:34 GMT

Libya, Syria troubles add to crude tanker rate rout

The stocks in the region selectively present a good buying opportunity, the markets in the region could see a minor upside as they are somewhere near the bottom but they will be driven by international events

September 4th, 2011 - 02:13 GMT

Region’s stock markets may rise as oil prices hold firm

Employees from five foreign oil companies were already in Libya working to restore infrastructure and get operations running again

September 3rd, 2011 - 02:07 GMT

Oil firms in Libya must return fast to restore production

Assessing the broader impact of Syria’s unrest on the economy is difficult because of a lack of data – the most recent published Central Bank figures cover April, just a few weeks after the unrest broke out in mid-March

August 31st, 2011 - 05:37 GMT

EU oil sanctions jolt may not be enough to rock Assad

Al Bawaba

August 28th, 2011 - 11:19 GMT

RAK Petroleum announces second quarter 2011 profit, progress on multi-well drilling campaign and merger preparations

August 28th, 2011 - 10:22 GMT

ENOC is only UAE company to win Superbrands Award for sixth consecutive year

Al Bawaba

August 25th, 2011 - 09:59 GMT

Gulf Petrochemicals and Chemicals Association announces keynote speaker for annual forum

During the event

August 25th, 2011 - 07:14 GMT

Emarat organizes an Iftar event for its Service Stations Staff