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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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As oil prices are down more than 20% from the highs of the year, the market expects Opec+ to decide in December 2018 on continuing oil production cuts in order to support oil prices. (Shutterstock)
November 20th, 2018 - 06:34 GMT

Qatar Able to Balance 2018 Budget With Oil Price Padding of $23.8

The Iranian oil minister reiterated that he expected it to expedite the preliminaries to start piping Iranian gas to Oman. (Shutterstock)
November 19th, 2018 - 09:59 GMT

Iran, Oman Initiate Gas Export Talks

The exported non-oil goods weighed 576,000 tons. (Shutterstock)
November 19th, 2018 - 09:39 GMT

Iran's Non-Oil Exports to Qatar Reach $2.9 Million

After demanding a firm stand and commitment by all oil producers, it went full blast to waivers and exceptions. (Shutterstock)
November 18th, 2018 - 05:51 GMT

Oil Producers Retaliate Against Trump's Iran Sanctions Waivers With $70 Price Tag per Barrel

According to officials, the export process will be run by Iraq’s government-run SOMO oil marketing company. (Shutterstock)
November 18th, 2018 - 05:28 GMT

Kirkuk Oil Exports to Resume as Baghdad and Erbil Reach Agreement

Iran's Caspian field, Sardar-e Jangal, was discovered in 2001. According to initial estimates, this field holds 50bcm of natural gas and 2bb of oil - of which Iran could expect to obtain 500 million barrels. (Shutterstock)
November 18th, 2018 - 05:12 GMT

Why Isn't Iran Exploiting Its Shared Oil Fields With Azerbaijan?

The JCPOA was signed in 2015 by Iran, the European Union and the Group 5+1 of countries (China, France, Russia, the United Kingdom, and the United States plus Germany). (Shutterstock)
November 18th, 2018 - 05:04 GMT

EU, South Africa Urge World Leaders to Uphold JCPOA Agreement With Iran

ADNOC Distribution
November 15th, 2018 - 05:55 GMT

ADNOC Distribution Continues to Grow Strongly With 3Q18 Earnings

Iraq has extensive trade ties with Iran and heavily depends on Iranian natural gas imports for electricity generation. (Shutterstock)
November 15th, 2018 - 05:00 GMT

Iraq Will Not Accept US Deadline to Stop Iran Gas Imports

The EU foreign policy chief and three European foreign ministers in their statement slammed the re-imposition of Washington's fresh sanctions on Iran. (Shutterstock)
November 15th, 2018 - 04:48 GMT

Netherlands Re-Asserts Europe's Commitment to Support Iran's JCPOA

In the first five cycles, the IRENA/ADFD Project Facility allocated $214 million to 21 renewable energy projects across the globe, covering up to 50 percent of the project costs. (Shutterstock)
November 15th, 2018 - 04:19 GMT

Abu Dhabi Fund, IRENA Allocate $ 50 Million for Renewable Energy

The oil sector seeks to encourage new American companies to work in Egypt and encourage existing US companies to pump further investments, he added. (Shutterstock)
November 15th, 2018 - 04:14 GMT

Egypt Eager for US Investments in Its Oil and Gas Sectors

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