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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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Meanwhile Qatar’s emir also asserted that his country does not finance any terrorist organisations in Syria or Iraq and has never done so
September 17th, 2014 - 04:02 GMT

Angela Merkel wants her country to cooperate with Qatar over energy

Al Bawaba
September 17th, 2014 - 09:35 GMT

Fire Department & EQUATE launch Safe Campaign

The granting of the Unit Three and Four construction licence followed an intensive 18-month review by about 200 FANR and other technical experts.
September 17th, 2014 - 03:55 GMT

Can't get enough? The UAE decides on two more nuclear reactors

Al Bawaba
September 15th, 2014 - 11:43 GMT

OCTAL honors staff dedication and community spirit at Employee Recognition Awards ceremony

For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
September 14th, 2014 - 03:55 GMT

The pendulum is swinging? Falling oil prices shifts energy balance in favor of the West

The extra refined products from Yanbu may have two undesirable impacts, from a Saudi perspective.
September 11th, 2014 - 08:36 GMT

Saudi Arabia has picked the worst time possible to be building massive oil refineries

Brent crude dropped to a two-year low below $97 a barrel on Thursday, falling for a sixth straight session as worries over mounting supply and weak demand outweighed concerns that conflicts in the Middle East could curb oil production.
September 11th, 2014 - 01:47 GMT

A 'remarkable slowdown': oil hits two-year low as supplies flood in

"Importing natural gas from Cyprus is very feasible for Jordan as Cyprus has a very good reserve of natural gas that can contribute to meeting Jordan's needs of gas," he added.
September 11th, 2014 - 12:01 GMT

Israeli gas not doing it? Jordan, Cyprus to agree on gas deals 'within weeks'

Al Bawaba
September 10th, 2014 - 02:39 GMT

Worried about a downslide? Saudi Arabia asks OPEC to cut oil output

Al Bawaba
September 10th, 2014 - 09:14 GMT

Kuwait Energy announces first oil discovery in Block 9, Iraq

Jordan currently imports 97 percent of its energy needs, including crude oil from Saudi Arabia and other petroleum derivative.
September 9th, 2014 - 04:38 GMT

Aiming to reduce dependency: an inside look into Jordan's attempts to increase domestic energy production

Meanwhile, in the UAE and Kuwait growth in capital expenditure has been slower than the rise in current expenditure in the recent years.
September 8th, 2014 - 06:51 GMT

Stuck up on oil: the GCC's lackluster diversification record

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