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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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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

DEWA
November 11th, 2013 - 10:18 GMT

DEWA commences implementation of AED 7 billion Smart Networks and Meters project

Regional ministers said that Gulf residents are 'taking advantage' of government energy subsidies and opting for vehicles that have big engines and are not fuel efficient (Courtesy of Boston University)
November 11th, 2013 - 07:20 GMT

Subsidies are the culprit for 'excessive' energy consumption in GCC, say ministers

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