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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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Even in oil rich MENA, solar energy is projected to grow. (Image credit: Shutterstock)
November 14th, 2013 - 05:42 GMT

MENA solar energy to grow to 3.5 MW by 2015 -- and then some more

Al Bawaba
November 13th, 2013 - 08:43 GMT

Octal introduces Organizational Development Manager to advance national talent pool

OPEC provides 35 percent of the world's oil supply and expects total demand to reach approximately 90.78 mbpd next year (Shutterstock)
November 13th, 2013 - 06:17 GMT

OPEC forecasts "growing" oil demand despite recent price dips

  The return of Iran to the international community would be beneficial for its neighboring countries including the Persian Gulf Arab states, the top international oil executive has said.
November 13th, 2013 - 04:55 GMT

Total totally ready to resume business with Iran

Demand for natural gas in GCC countries will rise more than 50pc by 2030, from 256 billion cubic metres in 2011 to 400 bcm in 2030.
November 13th, 2013 - 03:55 GMT

'Middle East needs $1trillion worth of energy investments'- IHS

Lower oil prices and decreases in global demand further serve as a "deficit threat" for many Arab states since oil export receipts currently account for 80 percent of government revenues throughout the GCC (Shutterstock)
November 12th, 2013 - 01:06 GMT

IMF warns Arab oil states of projected deficits by 2016

Al Bawaba
November 12th, 2013 - 11:24 GMT

Omanoil drives national efforts to advocate road safety at Traffic Safety Expo 2013

Al Bawaba
November 12th, 2013 - 08:34 GMT

EQUATE sponsors BOCA Juniors special needs course

Al Bawaba
November 12th, 2013 - 05:48 GMT

Emarat launches a “Mega Deal” campaign

More people in the GCC will be swapping out their old bulbs for energy efficient LEDs. (Image credit: Shutterstock)
November 12th, 2013 - 05:41 GMT

LED production in GCC to triple revenue in the next five years

The government has openly accused the guards, some of whom are calling for a federal Libya, of trying to sell crude oil behind their banks.
November 11th, 2013 - 03:20 GMT

Libya's federalists defy central government and set up their own oil company

Al Bawaba
November 11th, 2013 - 02:31 GMT

Lessons from the OPEC oil embargo 40 years later

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