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Oil and Renewables

Oil and Renewables latest

OPEC
April 28th, 2026 - 12:29 GMT
Sally Shakkour

Sally Shakkour

UAE withdraws from OPEC and OPEC+

ALBAWABA - The United Arab Emirates announced its decision to withdraw from OPEC and OPEC+, Emirates News Agency (WAM) reported Tuesday. WAM added that the Guld country's decision to exit OPEC and OPEC+ aligns with the state's long-term strategic and economic vision. The decision will be effective starting from May 1, 2026. According to experts, the withdrawal decision is expected to greatly affect the oil-exporting groups amid the ongoing Middle ...
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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

Al Bawaba
June 14th, 2012 - 04:19 GMT

ENOC heats up with DSS promotions

EMGAS receives CSR Label award
June 12th, 2012 - 10:20 GMT

Emirates Gas wins Dubai Chamber CSR Label award for 2nd consecutive year

A portion of the natural gas to be transported via the pipeline will be supplied to Jordan at a price to be set by the two governments at a later stage
June 12th, 2012 - 06:29 GMT

Jordan, Iraq near gas pipeline deal; Qatari delegation due in Amman

Iran's production has sunk to its lowest in two decades due to Western sanctions against its nuclear programme
June 11th, 2012 - 12:32 GMT

Oil glut hits price, $100-$120 reasonable: OPEC

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