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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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he EU also will suspend bans on trade in gold, precious metals and petrochemical products while increasing a ceiling on financial transfers not related to remaining sanctions
January 19th, 2014 - 03:55 GMT

A new week, a new phase? EU to lift sanctions off Iran on Monday

The Gulf Arab states have conditioned normalisation of relations with Israel on its acceptance of the 2002 plan drafted by Saudi Arabia for peace with the Palestinians
January 19th, 2014 - 03:55 GMT

Peace agreement ahead? Israel's energy ministrer attends IEAE conference in the UAE

Adnoc said last week it wouldn’t renew its concession agreement with BP, Exxon Mobil, Royal Dutch Shell, Total and Partex to run the fields
January 15th, 2014 - 08:05 GMT

The end of an era: 75 years later, Abu Dhabi to sell oil at premium prices

According to Leylaz, Iran has sold $34 billion worth of oil and byproducts during the past nine months, earning $32 billion
January 15th, 2014 - 07:48 GMT

Envisioning the possible: how exactly would the Iranian economy look like without sanctions?

Removing subsidies may drive down economic competition and activity overall in the GCC, say experts (File Archive/Shutterstock)
January 15th, 2014 - 02:06 GMT

Will the GCC face stagflation if oil subsidies halted?

During the event
January 15th, 2014 - 10:06 GMT

Omanoil launches code of ethics to instill values of integrity and transparency amongst employees

Cutting subsidies is politically difficult because of longstanding tensions between the cabinet and parliament, where many lawmakers campaign to raise social benefits.
January 14th, 2014 - 10:15 GMT

Kuwait's nanny state model under serious scrutiny

China's top crude supplier Saudi Arabia is set to ship about the same volumes to Chinese buyers in 2014 as it did last year, as the world's second-largest oil consumer takes more from Iraq and Central Asia, traders said.
January 14th, 2014 - 10:03 GMT

Saudi Arabia to retain spot as China's to oil supplier in 2014 but is also about to face some fierce competition

The sudden availability of Iranian oil is one of the many factors driving uncertainty in the oil market. (Image credit: Shutterstock)
January 14th, 2014 - 09:35 GMT

In an oil market driven by uncertainty, Oman's output declines

TASJEEL SELECT PLUS
January 14th, 2014 - 08:30 GMT

ENOC Retail launches innovative TASJEEL SELECT PLUS fleet management card for Tasjeel customers

Détente with Iran would not only be a major change in the geo-politics of the Middle East, it would potentially generate large economic benefits to Iran and the Gulf countries.
January 13th, 2014 - 03:55 GMT

Iran is taking the region into a new direction and it's time to jump on the opportunity

Qatar to help Iran to develop its share of the world’s biggest gas field so both countries can reap the maximum long-term rewards, sources at state-run Qatar Petroleum (QP) say.
January 12th, 2014 - 06:02 GMT

What will Qatar get out of an Iranian nuclear deal?

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