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Oil and Renewables

Oil and Renewables latest

Brent crude
March 3rd, 2026 - 08:24 GMT
Sally Shakkour

Sally Shakkour

Brent crude jumps by 4% to $81 per barrel

ALBAWABA - Brent crude increased by over 4 percent, hitting $81 per barrel in afternoon trade in Asia on Tuesday amid intensive attacks in the Middle East. Around 0800 GMT, Brent was trading up 4.41 percent at $81.17 per barrel, while West Texas Intermediate was up 3.99 percent at $74.07 per barrel, AFP reported Tuesday. Nonetheless, European gas prices also recorded an increase of another 30 percent on Iran.
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The Kuwait Fund for Arab Economic Development has offered Lebanon a $85 million loan for electricity development
February 5th, 2013 - 05:58 GMT

Kuwait grants $85 million loan for electricity projects

Fuel subsidies in Egypt cost the government  $30 million daily, according to the Minister of Petroleum
February 4th, 2013 - 12:41 GMT

Oil subsidies in cost Egypt $30 million a day

Despite defaulting on an Islamic bond last year, Dana Gas, has posted a 20 per cent rise in profits
February 4th, 2013 - 12:06 GMT

Dana Gas posts profits despite default

Fuel demand in Jordan is creeping up despite the government raising the prices in November last year
February 4th, 2013 - 08:40 GMT

Jordanians thirst for fuel increases despite price rise

The Saudi petrochemical sector is booming.
February 3rd, 2013 - 01:57 GMT

Saudi beats off competition to hold monopoly on petrochemicals

Iran’s crude exports reached 1.4 million barrels per day
February 3rd, 2013 - 08:50 GMT

The great game: Despite sanctions, Iran sees oil sales rise

Al Bawaba
February 3rd, 2013 - 04:34 GMT

Omanoil CEO commends staff contributions to excellent customer care

Iran has asked for international help over a sunken gas rig in the South Pars gad field (file photo)
January 31st, 2013 - 12:45 GMT

Iran asks for help over sunken gas rig

Kuwaiti crude oil prices were up in yesterday's trading
January 31st, 2013 - 11:16 GMT

Kuwaiti crude edges up

3-D survey showed that gas reserves off its southern coast may be larger than previously though
January 31st, 2013 - 10:03 GMT

Lebanon's offshore gas supplies could be bigger than estimated

Al Bawaba
January 30th, 2013 - 11:07 GMT

DEWA launches first utility application for Windows 8 in Middle East & North Africa

Mehr news reported on Tuesday that BP had been dumping byproducts in the sea.
January 30th, 2013 - 08:44 GMT

Iran threatens to sue BP over Azeri spill

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