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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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Brent Crude prices fell to their lowest levels since December 2010 at $69.7 for early transactions Sunday.
December 3rd, 2014 - 06:57 GMT

Diverging fortunes: oil price decline has positive impact on Egypt

In the GCC region, Saudi Arabia’s PMI index for October retreated (59.8) from its peak in September (61.8) on lower crude oil prices.
December 3rd, 2014 - 04:55 GMT

A unfortunate development: Oil plunge to erase GCC market gains

Recent falls in international oil prices have triggered a rash of negative prognoses for energy producers in the Gulf
December 2nd, 2014 - 11:04 GMT

Crashing oil prices: geopolitical game or technical reality?

 
“The cabinet stressed that the Kingdom’s oil policy is emanating from economic fundamentals,
December 2nd, 2014 - 04:36 GMT

If you say so: Saudi Arabia says oil policy purely 'economic'

Al Bawaba
December 2nd, 2014 - 09:39 GMT

Omanoil’s Senior Management team work as fillers

Time is the most important but under-appreciated variable in analysis and forecasts of commodity markets.
December 2nd, 2014 - 05:55 GMT

Forget shale for a moment: Opec’s big problem is weak demand

Al Bawaba
December 2nd, 2014 - 04:55 GMT

The million dollar question (well, more): what oil price will break the GCC's budget?

Saudi Arabia’s bourse, where petrochemicals account for almost a third of total earnings, took the biggest hit among major markets,
December 1st, 2014 - 03:59 GMT

Panic mode: Gulf stocks 'bleeding'

Both U.S. crude and Brent have fallen for five straight months, oil’s longest losing streak since the 2008 financial crisis.
December 1st, 2014 - 11:43 GMT

How low/long can it go? Oil officially hits 5 year low in longest losing streak since 2008

“The market will dictate the right sustainable and stable price. ... We need to allow enough time for market stability,” he added.
December 1st, 2014 - 05:55 GMT

The tyranny of the minority? OPEC output decision 'not good for all', says Iran

If low prices continue, Oman and Bahrain will have to revise very seriously their budgets for 2016
December 1st, 2014 - 04:55 GMT

Iran, Iraq weaker links: who will be hit the hardest from plunging oil prices?

Al Bawaba
November 30th, 2014 - 11:52 GMT

Emarat celebrates 43rd UAE National Day

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