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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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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?

According to the Paris-based International Energy Agency, supplies from shale oil through the use of fracturing technology can help the US for some time, but it has to turn back to the Middle East down the road to satisfy its growing needs.
January 12th, 2014 - 03:55 GMT

Are we witnessing a "new oil order"?

Israel's Ministry of Energy, Jordan's Ministry of Energy and Noble Energy all declined to comment on the report.
January 8th, 2014 - 01:38 GMT

Passing gas: After historic $1.2 billion gas deal with Palestine, Israel to build pipeline to Jordan

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