Bahrain Launches International Tender For 100 MW Bilaj Al Jazayer Solar Power Project

Representational image. Credit: Canva Bahrain has taken another step toward expanding its renewable energy capacity with a new solar power project announced by the Electricity and Water Authority (EWA). The…

Oil on Track for Weekly Gains Despite US Sanctions Waiver on Russian Oil

Summary US puts forward measures aiming to ease supply tightness Disruption of trade through Strait of Hormuz continues Goldman expects Brent will average over $100 a barrel in March (Reuters)…

Oil Prices Dip as U.S. Opens Brief Window for Stranded Russian Crude

Oil prices edged lower in early Asian trade on Friday morning after the United States issued a temporary license allowing countries to purchase Russian crude and petroleum products currently stranded…

Oil Prices Head for Weekly Gain Despite U.S. Waiver on Stranded Russian Crude

Crude oil prices were on course for another weekly gain today, despite a temporary dip following the announcement of a 30-day sanction waiver on Russian crude stuck on tankers as…

Saudi Arabia Offers 2 Million Barrels for Sale From the Red Sea

Saudi Arabia has opened a tender for two million barrels of its flagship Arab Light grade for loading this month from its Red Sea port of Yanbu, Reuters has reported,…

Analyst Warns of ‘Big, Big Risk’ for Oil Over Weekend

No one in their right mind would dare to sit short oil over the coming weekend. That’s what Skandinaviska Enskilda Banken AB (SEB) Chief Commodities Analyst Bjarne Schieldrop stated in a…

DOE Unveils $1.9 Billion Electric Grid Upgrade Push

The U.S. Department of Energy is launching a $1.9 billion funding effort aimed at rapidly expanding the capacity of the nation’s power grid by upgrading existing transmission lines. This is…