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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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The kingdom's total crude supply to the market in June were even higher than well-head production. (Shutterstock)
July 22nd, 2018 - 08:36 GMT

Saudi Arabia to Drop Crude Oil Exports by Approximately 100,000 bpd

Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude. (Shutterstock)
July 19th, 2018 - 08:02 GMT

Aramco Mulls over Acquisition a Stake in SABIC

The Israeli military said that it will only allow foods and essential medicines to cross. (AFP)
July 18th, 2018 - 10:11 GMT

Israel Halts Fuel, Gas Transferring into Gaza Despite Ceasefire

The Institute of International Finance (IIF) has raised the projected UAE real GDP growth from 2.1 per cent to 2.4 per cent for 2018 and maintained 2.7 per cent forecast for the next year. (Shutterstock)
July 17th, 2018 - 08:42 GMT

UAE Economy to Improve Due to Higher Crude Oil Prices

More than 13 tribes on Wednesday announced they were backing the request of the Bani Mansour, the tribe of the protester killed by police. (AN)
July 12th, 2018 - 11:39 GMT

Basra Oil Protests Grow, Iraqi Tribes Demand Jobs in Iraq's Main Oil Hub

Total spending was 16.88 billion dinars, more than total revenue of LDY 16.7 billion. (Shutterstock)
July 12th, 2018 - 08:41 GMT

Libya Earns More Than $11 Billion in Oil Revenue in H1 2018

 (KPC) signs a cooperation agreement with China's ShanDong Refining and Chemical Group to market Kuwaiti crude oil.(KUNA)
July 11th, 2018 - 08:39 GMT

Kuwait Signs With China Crude Oil Joint Marketing Deal

During the event
July 9th, 2018 - 11:20 GMT

ADNOC Aims to Deepen Investment and Partnership Opportunities with Chinese Energy Majors


US sanctions could prove ineffective if rising oil prices largely make up for any lost Iran volumes. (Shutterstock)
July 8th, 2018 - 08:27 GMT

Report: Iran Export Curbs to Increase Oil Price to $9 per Barrel

Britain, France and Germany along with Russia and China met with Iran in Vienna to offer economic benefits and assurances that would lessen the blow of sweeping US sanctions announced by Trump. (AFP)
July 7th, 2018 - 01:51 GMT

5 World Powers Commit to Iran Deal, Back Oil Exports Despite US Sanctions Threat

Under the deal, Jordan will receive 3 billion cubic metres of gas per year. (Shutterstock)
July 6th, 2018 - 06:30 GMT

Natural Gas From Israel to Jordan in 2020

The company’s new Asia marker will replace Platts Oman with Dubai Mercantile Exchange (DME) Oman. (Shutterstock)
July 5th, 2018 - 11:12 GMT

Saudi Aramco Changes Asia Crude Oil Price Formula

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