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Oil and Renewables

Oil and Renewables latest

Russia and China Forge a New Pole of Energy Stability in Eurasia
December 2nd, 2025 - 02:25 GMT

Russia and China Forge a New Pole of Energy Stability in Eurasia

The synthesis of Russian energy resources and Chinese technology is forming a new axis of the global economy, capable of withstanding external pressure and ensuring sustainable development. The key advantages of this strategic partnership are a significant reduction in dependence on the US dollar, competitive electricity prices, and colossal investments in the sector. Settlements between Russia and China have almost completely transitioned to national currencies. This creates financial independence for the partners. Furthermore, electricity for industry in both countries costs more than twice cheaper than in the United States. Russia ...
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At a meeting last month, top oil exporter Saudi Arabia resisted calls from poorer members of the Organization of the Petroleum Exporting Countries to reduce production
December 8th, 2014 - 05:27 GMT

Oil prices hit new five year low

Al Bawaba
December 8th, 2014 - 03:51 GMT

How Israel is, allegedly, taking advantage of Lebanon's 'distractions' to steal its gas

The resurgence in US hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999.
December 8th, 2014 - 02:33 GMT

An economic comeback? US experiences highest job prospects since 1999

Soaring energy use and inadequate gas supplies have spurred the UAE to look to nuclear power to diversify its energy sources beyond
December 8th, 2014 - 01:13 GMT

A $20 billion project: UAE first nuclear reactor to come into operation in 2017

Rouhani admitted the budget for the fiscal year starting in March 2015 "would be under pressure" given the big fall in oil prices in recent months
December 8th, 2014 - 12:40 GMT

Denial is unaffordable: Iran unveils revised budget based on lower oil prices

Al Bawaba
December 8th, 2014 - 07:28 GMT

Emarat honors distinguished employees for their dedication

The Organization of Petroleum Exporting Countries, OPEC, has decided to keep their output ceiling unchanged in the face of falling oil prices.
December 7th, 2014 - 01:20 GMT

Forget the shale boom: will OPEC survive the post-Arab Spring times?

Al Bawaba
December 7th, 2014 - 06:51 GMT

Emarat discusses further cooperation with Saudi Aramco

Al Bawaba
December 7th, 2014 - 05:41 GMT

Fire department & EQUATE continue their sustainable partnership

Oversupply could rise next year when Iraq starts to export more oil because of an agreement between Baghdad and the Kurdish regional government.
December 7th, 2014 - 04:55 GMT

Plunging once again: oil prices go below $70 thanks to Saudi move

Brent crude oil steadied around $70 a barrel on Thursday as investors searched for a stable price range after a near 40 per cent fall since June.
December 4th, 2014 - 11:44 GMT

Oil steadies at around $70 dollars, further fall still possible

Al Bawaba
December 3rd, 2014 - 07:54 GMT

Pakistan to get 90% of its gasoil supply from Kuwait

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