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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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Defending and winning share in Asia's still growing markets has become the primary focus.
October 14th, 2014 - 04:55 GMT

Not Iraq, not Iran: when it comes to oil rivalry Saudi Arabia's biggest contender is right next door

The signs are everywhere: US oil imports are shrinking much faster than expected while oil production climbs to a thirty-year high.
October 13th, 2014 - 12:22 GMT

It came much, much sooner than expected: a new era of oil abundance might just be in the making

Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC’s biggest producer have told Reuters.
October 13th, 2014 - 11:59 GMT

The $100 dollar days seem to be over: oil prices plummet to 4-year low and not even Saudi Arabia can do anything about it

Al Bawaba
October 13th, 2014 - 05:04 GMT

DEWA showcases its latest portfolio of smart services and initiatives at GITEX 2014

The consortium is led by Faiz Al-Abideen, a prominent Saudi businessman and adviser to members of the royal family, whose group has built 17 power plants in Saudi Arabia and abroad.
October 12th, 2014 - 10:44 GMT

Saudi Group joins consortium for in $4.5 billion Indian project

Al Bawaba
October 9th, 2014 - 08:44 GMT

ENOC awards 5-year staff transportation contract of AED 50 million to Emirates Transport

Al Bawaba
October 8th, 2014 - 12:59 GMT

The 'remarkable' trend continues: Oil demand drops on signs of weak demand, 'tremendous surge in US oil production'

After the deal closes in November, Chevron Canada will remain the operator and will hold a 70 per cent interest in the project.
October 8th, 2014 - 04:55 GMT

Multiple personalities? Kuwait buys Chevron's stake in Canadian Shale oil despite no expertise in the field

Arab economists, media and public intellectuals must highlight the role of fossil fuel subsidies as an inhibitor, not facilitator, of economic development in the Middle East.
October 7th, 2014 - 11:18 GMT

Theory vs. the Egyptian and Yemeni reality: is reforming fuel subsidies a legitimate tool for growth or an IMF farce?

Service contracts stay within the limits of Kuwait’s constitution, which ban foreign firms from oil production in the Gulf OPEC crude exporter.
October 7th, 2014 - 04:55 GMT

Coming back for a comeback: Kuwait invites major oil companies back

The initial results for the 3-D survey were very encouraging, according to the British-based company Spectrum, which conducted the operation over 3,000 square meters off the southern Lebanese coast.
October 6th, 2014 - 09:43 GMT

A bird's view: airborne oil and gas surveillance commences in Lebanon

Next month’s Opec meeting will take place against a background of dissension between two power blocs in an organisation that controls the lifeblood of the global economy.
October 6th, 2014 - 02:17 GMT

A dangerous possibility: why the world might be on the brink of an oil price war

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