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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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“Despite the global sensitiveness of using nuclear power in the region, it is these types of actions that GCC nations will need to take to diversify the fuel sources for their power generation over the long term.”
August 28th, 2013 - 09:19 GMT

When oil is not enough: GCC headed towards a gas shortage by 2015

The Putin-Bandar meeting was injected with threats of a “dramatic turn of events” in Syria (Photo Credit: Getty images).
August 27th, 2013 - 10:31 GMT

Futile or dangerous? Saudi Arabi attempts to seduce Russia with lucrative oil and gas deal

EQUATE President & CEO Mohammad Husain with AIChE and faculty members
August 26th, 2013 - 08:26 GMT

EQUATE participates in American chemical society seminar at Kuwait University

During the meeting
August 26th, 2013 - 07:42 GMT

DEWA receives delegation from Dubai Police to exchange experience and expertise

OPEC member Venezuela has the world's largest proven oil reserves and produces up to three million barrels a day.
August 25th, 2013 - 12:51 GMT

A Chavez Legacy? Venezuela to give Palestine a special deal on oil

Dubai Electricity and Water Authority
August 22nd, 2013 - 12:00 GMT

DEWA and Dubai Health Authority host lecture on Corona virus

DEWA's Nurseries
August 21st, 2013 - 11:30 GMT

DEWA to open new nursery in Warsan for employees’ children

Al Bawaba
August 21st, 2013 - 06:53 GMT

ENOC awards McDonald’s UAE with strategic partnership accolade

Goldman Sachs said Monday it expected tighter oil markets to propel Brent to $115 “in the very near term.”
August 20th, 2013 - 07:00 GMT

Libya, Egypt push oil prices up to $110 a barrel

Al Bawaba
August 19th, 2013 - 04:33 GMT

DEWA on schedule for Dubai’s first hydrogeology report

While the IEA expects the US to gradually become independent of oil imports, it also predicts Asian countries to end up consuming up to 90 per cent of the oil produced in the GCC region.
August 18th, 2013 - 12:32 GMT

Will the Middle East continue to dominate the oil market?

Egyptian soldiers stand guard at the Suez Canal (Getty images).
August 15th, 2013 - 10:36 GMT

How the situation in Egypt can severely affect the oil market

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