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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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US light crude was down $2.00 at $76.78 a barrel. It touched a session low of $75.84, its weakest since October 2011.
November 6th, 2014 - 04:55 GMT

Rock bottom? Not yet. Oil prices officially hit four year low

That would take total oil exports from Saudi in August to 7.686 million bpd, close to its crude export levels last year.
November 6th, 2014 - 04:55 GMT

Innovation or desperation? Saudi Arabia seeks tighter grip on oil market through new monumental refineries

“The budget of the Kingdom of Saudi Arabia depends 90 per cent on oil … I’ve already said that this is a huge mistake,” said the prince.
November 5th, 2014 - 09:09 GMT

He's worried, rightfully so: Al-Waleed Bin Talal asks his country to stop 'huge mistake' and establish sovereign wealth fund

Al Bawaba
November 5th, 2014 - 08:40 GMT

A Delegation from Kuwait Petroleum Corporation discusses Energy Cooperation with Emarat

The report does not take the Arab boycott against Israel into account, and therefore does not assume that investment in Israel is even lower than the report found.
November 4th, 2014 - 08:11 GMT

Futile ambitions? The 'boycott effect' aside, Israel declared unfit for gas investments

Kufpec Chief Executive Officer Nawaf Saud Al-Nasir said in a statement Saturday the deal came “as a result of the recently enacted energy reform in Mexico.
November 4th, 2014 - 05:08 GMT

(Un)expected diversification: Kuwaiti company invests in Mexico's energy sector

Al Bawaba
November 4th, 2014 - 10:10 GMT

DEWA endorses 3rd Global IWPP Summit

Al Bawaba
November 4th, 2014 - 08:47 GMT

ENOC opens first stand-alone ZOOM outlet in Abu Dhabi

Al Bawaba
November 4th, 2014 - 06:16 GMT

ADNOC Distribution announces reduction in diesel price at all service stations in the Northern Emirates

Al Bawaba
November 4th, 2014 - 05:55 GMT

Oil prices take another hit

Al Bawaba
November 3rd, 2014 - 10:43 GMT

ENOC marks ‘Flag Day’ to strengthen UAE national solidarity

Al Bawaba
November 3rd, 2014 - 09:03 GMT

Emarat raises the UAE’s Flag in its head office in Dubai

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