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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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Subsidies are essentially the government buying energy at market prices and reselling it back to citizens at lower prices
June 19th, 2012 - 02:00 GMT

Ending fuel subsidies, the good and bad

During the event
June 19th, 2012 - 10:16 GMT

ENOC secures US$100 million financing for new bulk liquid petroleum terminal

The world's largest crude exporter stored 284 million barrels inside the country in April, 3.8 percent more than in March
June 19th, 2012 - 08:24 GMT

Saudi Arabia oil: more stock as exports fall

Smart grid regulatory frameworks are in the early stages of development but progress is being made
June 18th, 2012 - 02:00 GMT

Smart grid can save up to $1bn for Gulf states in a year

After averaging nearly $120 in the first quarter of this year, Brent crude oil has slipped as low as $95 a barrel this month “ the lowest level since January 2011
June 18th, 2012 - 09:33 GMT

Sliding oil price rebalances Middle East economy

Al Bawaba
June 18th, 2012 - 09:31 GMT

Octal pioneers pet bottle recycling program with Salalah’s British School

One reason why is probably that finding common ground between mainly Iran and Saudi will be hard still, particularly given their conflicting interests in view of the upcoming sanctions
June 18th, 2012 - 09:07 GMT

OPEC: not the same group without quotas

The market was also supported by hopes that the United States Federal Reserve would step in with new stimulus measures to bolster the world's largest economy, traders said
June 17th, 2012 - 07:34 GMT

Crude oil prices rise after OPEC holds output target

The group's biggest producer, Saudi Arabia, is pumping near its highest level in three decades and said on June 11 that there may be a need to boost the target
June 14th, 2012 - 12:54 GMT

OPEC unlikely to change crude oil output quota

The harshest of the US and European measures don't formally kick in until the end of the month, yet crude oil exports have already fallen to 1.5 million barrels per day
June 14th, 2012 - 12:24 GMT

The curse of oil sanctions costs Iran

Sanctions are not ineffective
June 14th, 2012 - 08:01 GMT

Iran's sanctions have positive effect on businesses creativity

Near midnight on Tuesday, the Cabinet announced an increase in the price from JD0.62 to JD0.70 per litre
June 14th, 2012 - 07:54 GMT

Fuel price hike, bad time for consumers in Jordan

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