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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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Al Bawaba
November 26th, 2013 - 05:13 GMT

Emojet’s pavilion attracted several key international and local airlines

But the adequacy of the refining industry cannot be judged by the distillation capacity alone but by the product demand slate and specification.
November 26th, 2013 - 03:55 GMT

Do we have more oil refineries than we need?

Crude futures in New York have slumped 12% since Iranian President Hassan Rohani took office August 1, pledging to end the sanctions crippling his country’s economy.
November 25th, 2013 - 04:38 GMT

Iran deal impact on oil prices "muted"

Iran exported over 132,000 tons of gasoline, valued at $134 million, in the past Iranian calendar year.
November 24th, 2013 - 06:14 GMT

Iran to boost strategic fuel capacities to 12 billion litres

MENA's energy subsidies account for half of the global total at $237 billion annually (Courtesy of Arabian Oil and Gas)
November 24th, 2013 - 09:07 GMT

The future of the Middle East economy: will energy subsidies' short-term gains outweigh projected inefficiencies?

Hydrogen cars are appealing because unlike electric vehicles, they have the range of a typical gasoline car and can be refueled quickly.
November 21st, 2013 - 02:28 GMT

Coming soon: Hydrogen cars!

The Saudi energy industry has to evolve to meet global opportunities and challenges. (Image credit: Shutterstock)
November 21st, 2013 - 06:10 GMT

Should Saudi Arabia be concerned about the USA's growing oil shale output?

ADNOC Technical Vehicle Inspection Centre
November 21st, 2013 - 04:40 GMT

ADNOC Distribution opens new technical vehicle inspection centres in Western Region

The country’s ‘Aa2’ foreign and local-currency government bond ratings stand along with similar ratings of Kuwait (‘Aa2’ stable) and the UAE (‘Aa2’ stable).
November 20th, 2013 - 06:57 GMT

Qatar boasts high financial indicators, if only its worker rights ratings were half as high

According to Stephen Pryor, president of Exxon Mobil chemicals, the shale gas boom in the US has triggered a round of protectionist policies resulting in trade restrictions.
November 20th, 2013 - 05:48 GMT

Time for a wake-up call: shale boom triggering over-protectionism, threatening the Gulf

Saudi Arabia's Aramco, the largest crude oil exporter in the world, recently bought solar panels from Canada that it will install in one of it's power plants (Courtesy of Zawya)
November 20th, 2013 - 11:00 GMT

Oil-giant KSA at UN conference to share expertise on "green" technologies

Kuwait, a key OPEC member, controls nearly 101 billion barrels of proven oil reserves at around three trillion cubic metres of natural gas.
November 20th, 2013 - 03:55 GMT

Desperate to stay on top, Kuwait pumps billions to raise oil production capacities

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