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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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Iranian President Hassan Rouhani (top- L) and Swiss President Alain Berset (top-R) watch as Iranian Foreign Minister Mohammad Javad Zarif (L) and Swiss Economic Minister Johann Schneider-Ammann sign an agreement in Bern on July 3, 2018. (AFP)
July 4th, 2018 - 09:49 GMT

Iran Threatens to Disrupt Oil Shipments From Neighboring Countries

Oil prices have gained over three per cent since Opec and allies announced on June 22 to raise output to meet production caps set in 2016. (Shutterstock)
July 4th, 2018 - 08:29 GMT

UAE Committed to Boost Oil Output

Brent crude oil fell to $77.82 a barrel on Monday, a drop of $1.41. (Shutterstock)
July 3rd, 2018 - 11:55 GMT

Oil Prices Decline as Supplies Increase From Saudi Arabia and Russia

The NOC said that a state of emergency had been imposed at both ports. (Shutterstock)
July 3rd, 2018 - 11:03 GMT

Political Turmoil Results in Libya Oil Exports' Suspension

M95 petrol will cost 225bz per litre compared to 226bz per litre in June. (Shutterstock)
July 2nd, 2018 - 10:57 GMT

Lower Petrol, Diesel Prices in July Announced in Oman

Brent crude cost $78.81 per barrel at 10.38 GMT on Friday while WTI saw prices of $73.31 per barrel. (Shutterstock)
July 2nd, 2018 - 10:45 GMT

Brent Crude Trades at $78.45 Starting From July 2

The government stressed its commitment to an ‘open’ and ‘transparent’ approach under which citizens have the right to access information as the coming days will reveal the fuel pricing mechanism with full details. (Jordan Times)
July 1st, 2018 - 12:50 GMT

Jordanian Government Postpones Declaring July Fuel Prices

India is seeking to increase its refining capacity to nine million barrels by the end of 2030. (AFP)
July 1st, 2018 - 10:31 GMT

The Joint Venture Between Aramco and ADNOC in India – Is There Any Mutual Benefit?

Iranian oil production is expected to fall from the fourth quarter of 2018 as US sanctions take effect. (Shutterstock)
July 1st, 2018 - 08:59 GMT

GCC Main Beneficiaries of OPEC Output Hike

The White House statement undercut a tweet by Trump earlier in the day when he wrote that Saudi Arabia had definitely agreed to produce more oil. (Shutterstock)
July 1st, 2018 - 08:48 GMT

Trump on Twitter: Saudi Ready to Increase Oil Production

Super 98 will cost Dh2.56 per litre, while Special 95 will cost Dh2.45 a litre. (Pixabay)
June 30th, 2018 - 11:00 GMT

Starting From Tomorrow, Lower Petrol and Diesel Prices in UAE

During the announcment
June 28th, 2018 - 11:35 GMT

Adnoc Joins 2019 Abu Dhabi World Energy Congress to Highlight Its Energy Transition Vision

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