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Oil and Renewables

Oil and Renewables latest

Venezuela banks $300M from first U.S. brokered oil sale
January 21st, 2026 - 10:03 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Venezuela banks $300M from first U.S. brokered oil sale

ALBAWABA- Venezuela has received $300 million in oil revenue from a U.S. facilitated crude sale, interim president Delcy Rodríguez announced on Tuesday, marking the first funds to flow under an oil agreement arranged after the kidnapping of President Nicolás Maduro earlier this month. Rodríguez said the funds, part of an expected $500 million in proceeds from U.S. sales of Venezuelan crude, will be channeled into the foreign exchange market through national ...
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Baghdad has tried to block the KRG from exporting oil on its own, citing a constitutional clause making the central government responsible for oil shipments and revenues.
August 24th, 2014 - 03:55 GMT

The fine line between confidence and audacity: Kurdistan 'ready to quadruple" its oil exports

The ministry cancelled the projects due to the grid’s constraints at present and inability to absorb more loads, Hamed said in a phone interview this week.
August 21st, 2014 - 01:34 GMT

Gone with the wind: Jordan cancels plans to build 5 additional wind power plants due to lack of support from the Gulf

 Libya's return to the market has hit oil prices, which slumped to a four-month low in London on Monday before recovering in Asian trade on Tuesday.
August 20th, 2014 - 07:41 GMT

Despite being on the brink of collapse, Libya is slowly returning to oil production

The deficit for fuel supplied to stations this month increased to approximately 8m cubic metres of gas and equivalent daily compared to 7m last month.
August 20th, 2014 - 12:45 GMT

In the dark: Egypt's electricity deficit worsens as shortages hit five hours a day

Al Bawaba
August 18th, 2014 - 11:56 GMT

A milestone: Qatargas delivers first LNG shipment to China

Al Bawaba
August 18th, 2014 - 11:51 GMT

Turkey to the US, 'If the ISIS is exporting oil then Kurdistan should too'

Al Bawaba
August 18th, 2014 - 08:00 GMT

Adding fuel to the fire? Understanding Kurdistan's oil game

Jordan consumes about 500 million cubic feet of natural gas per day for production of electricity, the minister said.
August 17th, 2014 - 10:02 GMT

Jordan to import one third of its natural gas needs from the Gaza Strip by 2017

The IEA is worried that an uncertain investment climate in oil-exporting Middle Eastern countries may lead to a two million bpd shortfall and a $15 per barrel jump in oil prices by 2025.
August 17th, 2014 - 03:55 GMT

Will the Gulf economies soon be thriving on a global shortage in oil?

Egyptian exports of natural gas and derivatives declined by approximately 75% during June to $19m,
August 17th, 2014 - 03:55 GMT

A lose-lose situation: Egyptian suspension of gas supplies to Jordan and leads to 75% decline in exports

Al Bawaba
August 14th, 2014 - 11:46 GMT

Out of control: the ISIS and the oil market

 
An energy powerhouse, Iran has the second-largest reserves of natural gas in the world after Russia,
August 14th, 2014 - 11:06 GMT

Exploiting a 'gray area': Iran sidesteping international sanctions through gas byproducts

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