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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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China has the most impressing record of sustained economic growth in the history, averaging more than 10 percent growth every year over the last three decades,
December 30th, 2013 - 02:39 GMT

China's energy consumption is projected to double by 2040, but who will win and who will lose?

There are fears of an impending oil glut in the market. (Image credit: Shutterstock)
December 29th, 2013 - 06:51 GMT

Iran's aggressive stance ruffles feathers at OPEC

Al Bawaba
December 29th, 2013 - 06:35 GMT

Emarat organizes a cricket championship for its service stations' employees

Natural gas supplied by Aramco is expected to double next year. (Image credit: Shutterstock)
December 26th, 2013 - 09:19 GMT

Saudi petrochemical earnings expected to grow to $11 bn in 2014

The agreement was signed by Syrian Oil Minister Suleiman Abbas, Syria’s General Petroleum Company and the Russian Soyuzneftegaz company.
December 26th, 2013 - 03:55 GMT

Pragmatic or dysfunctional? Syria signs new oil, gas exploration agreement with Russia

Bahrain diesel prices will gradually increase over the next five years, with prices set to double by 2017 (File Archive)
December 25th, 2013 - 05:00 GMT

Take a (price) hike! Bahrain to double diesel prices by 2017

“According to the South Sudanese petroleum ministry… oil production in the state of Unity has been shut down, resulting in a loss of production of some 45,000 barrels per day.
December 24th, 2013 - 06:40 GMT

South Sudan violence raises world oil prices

audi Arabia’s domestic consumption needs have soared as its 28-million population enjoys heavily-subsidised petrol and power while its oldest oilfields.
December 24th, 2013 - 06:15 GMT

Are Saudi Arabia's OPEC oil tactics delusional or realistic? Why it's probably the former

The Egyptian government owes Dana Gas $330 million (File Archive)
December 24th, 2013 - 01:14 GMT

Payday for Dana Gas: Egypt gives UAE company $53 million

Jordan's strategy calls for more investment in renewable energy sources, but inefficient middle management structures in the energy sector may be hampering progress in this development (File Archive/Shutterstock)
December 24th, 2013 - 12:08 GMT

Behind Jordan's high energy prices: it's not just the economy's fault

Honorees in a group picture with Dr. Rahma bin Mohamed Al Shamsi in presence of Abdullah Hassan Al Noman
December 23rd, 2013 - 07:52 GMT

Emarat honors its stations supervisors

Now crude oil production in the United States is expected to rise faster than projected earlier - to a near historic high by 2016.
December 23rd, 2013 - 03:55 GMT

The United States' creeping energy revolution that Middle Eastern oil producers must come to terms with

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