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Oil and Renewables

Oil and Renewables latest

US strike on oil tanker dodging the blockade
June 17th, 2026 - 09:05 GMT
P. Choiaqo

P. Choiaqo

US used Iranian smuggling tactic to move oil through Hormuz

ALBAWABA - In an exclusive Reuters report, the U.S. has overseen and supported dozens of secretive ship-to-ship oil transfers, avoiding Iranian blockades and attacks. The method, used by Iran to avoid sanctions and blockades for years, involves transferring cargo between ships to mask its origin. In its simplest form, a ship would hand off its cargo to another ship on the way to the same destination with the transfers taking ...
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Qatar has decided to withdraw its membership from OPEC effective January 2019 and this decision was communicated to OPEC this morning. (Shutterstock)
December 4th, 2018 - 08:48 GMT

The Real Reason Behind Qatar's Withdrawal From OPEC

The current US dollar is worth around 42,000 rials in the official market, and above 110,000 rials in the open market. (Shutterstock)
December 4th, 2018 - 08:38 GMT

Iran Forecasts Its Oil Sales at $54 With 1.5 Million Bpd in 2019

The decision comes at a critical time when OPEC is expected to cut its production at its much-awaited meeting on Thursday in order to increase the falling prices. (AFP)
December 3rd, 2018 - 12:27 GMT

Qatar to Drag Out from OPEC Early 2019

The volume of Kuwaiti oil bound for Japan rose for the first time in two months, providing 7.4 percent of the Asian nation's total crude imports, compared with 6.1 percent in the same month of last year, the Japanese Natural Resources and Energy Agency said in a preliminary report. (Shutterstock)
December 3rd, 2018 - 07:39 GMT

Kuwait Ahead of Qatar as Japan’s ‘Third Biggest’ Oil Provider

The timing of the government’s decision coincided with financial problems at the country’s sole oil refinery, La Samir, forcing it to cease operations in August 2015. (Shutterstock)
December 3rd, 2018 - 07:21 GMT

Deregulation of Oil Prices Is Putting the Moroccan Government in Hot Waters

The agreement between Russia and Saudi Arabia lead a group of oil producers known as OPEC+, which includes the members of the Organization of the Petroleum Exporting Countries (OPEC) and other large producers, most notably Russia. (Shutterstock)
December 3rd, 2018 - 07:16 GMT

Saudi, Russia Agreement to Extend Overseeing Oil Market Gives a Push for Prices

Algeria’s Central Bank urged the government to “apply the tourniquet to stop the bleeding” and economic experts warned of a deepening crisis. (Facebook)
December 2nd, 2018 - 09:29 GMT

Despite Rising Oil Revenues, Algeria’s Foreign Currency Reserves Are on Steady Decline

NXplorers is a proven, innovative education programme for young people that focuses on finding innovative ways to solve food, water and energy problems.
December 2nd, 2018 - 06:48 GMT

Shell Launches NXplorers Across Oman as Part of the ‘Solar Into Schools’ Initiative

"We have lots of exchanges with other states, including South Korea, China and India, and we can import goods in lieu for crude exports to them," Hemmati told reporters on the sidelines of a cabinet meeting in Tehran. (Shutterstock)
November 29th, 2018 - 04:56 GMT

China Has Found a Way to Resolve Oil Payments to Iran. Will Other Countries Follow Suit?

A maritime demarcation accord signed with Saudi Arabia in 2016 has allowed the country to embark on oil and gas exploration for the first time in the Red Sea. (Shutterstock)
November 29th, 2018 - 04:43 GMT

Egypt Launches Bid to Dig for Oil and Gas in Red Sea

The forum was held in Dubai and lasted for 3 days. A large number of industrial leaders and professionals from across the globe attended the big event.
November 28th, 2018 - 10:53 GMT

Equate Plays a Key Role in the Transformation of the Global Petrochemical Industry

Jordan relies on Egyptian gas for 80% of its electricity generation, with the other 20% largely imported from Saudi Arabia and Iraq. (Shutterstock)
November 28th, 2018 - 06:52 GMT

Egypt-Jordan Gas Supply to Continue in January

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