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Oil and Renewables

Oil and Renewables latest

Oil rises as gold drops
June 15th, 2026 - 06:13 GMT
P. Choiaqo

P. Choiaqo

Gold surges 2% and oil tumbles down 4% as US-Iran war comes to a close

ALBAWABA - After the peace deal between the US and Iran was announced, oil, which had been steadily decreasing, started dropping in earnest in anticipation of the deal between the two warring nations being signed in Geneva, Switzerland, on Friday. This eased concerns regarding inflation and interest rate hikes, allowing gold to surge 2 percent since this morning. After a lot of tumult and turbulence, it seems that the fear-driven ...
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Shell’s Vice Executive President Upstream Joint Ventures Gerald Schotman, for his part, said that the growth of natural gas production in maritime areas in Egypt plays a crucial role in the renaissance of gas.
October 17th, 2019 - 06:21 GMT

Egypt: Oil Sector Achieves Highest Investment Rate Value at $30 Billion

Italian energy company Eni is gearing up to start drilling for the first oil exploratory
October 16th, 2019 - 12:00 GMT

Bahrain Oil Investments Reach $8 Billion

OPEC+, have pledged to cut production by 1.2 million barrels per day (bpd) until March 2020
October 16th, 2019 - 11:00 GMT

OPEC, Allies to Maintain Oil Market Stability Beyond 2020

During the event
October 16th, 2019 - 10:46 GMT

Oman Oil Marketing Company Reinforces ‘More and Better’ Promise With Its Customer Care Week

The deal is expected to close early next year, subject to regulatory approvals and closing conditions, said the statement from Aramco.
October 15th, 2019 - 09:55 GMT

Saudi Aramco Inks 9 MoUs With Russian Firms

The concept of a circular carbon economy offers a new way of approaching climate goals that values all options and encourages all efforts to mitigate greenhouse gas emissions.
October 15th, 2019 - 06:38 GMT

Aramco: Net Zero Greenhouse Gas Emission Is Our Target

The discovery comes as the United States has been applying a campaign of "maximum pressure" on Iran.
October 14th, 2019 - 11:22 GMT

Iran Discovers Natural Gas Field Worth $40 Billion

Once completed, the city will contribute the annual income of up to SR22 billion to GDP.
October 14th, 2019 - 10:30 GMT

Aramco Aims to Reach 90 Percent Saudization by 2020

The crude oil prices have jumped during September 2019 futures settlement compared with August 2019
October 14th, 2019 - 09:30 GMT

Oman’s Crude Production Exceeds 29 Million Barrels in Sep 2019

The ship's two main storage tanks are said to be damaged
October 13th, 2019 - 06:00 GMT

Explosion in Iranian Tanker off the Saudi Coast

During the signing
October 10th, 2019 - 10:49 GMT

Oman Shell to Commence Exploration Activities in Block 55

In July, Seoul’s crude shipments from the US almost tripled to 14,782 barrels from the year before.
October 10th, 2019 - 07:48 GMT

Saudi Arabia Remains South Korea’s Top Oil Supplier in Absence of Iranian Shipments

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