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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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Aramco began life in the 1930s as a US-Saudi venture.
September 1st, 2019 - 10:14 GMT

Saudi Aramco Board Raises Concerns Over New York Share Sale

Trump pulled his country out of JCPOA in May last year and launched the “maximum pressure” against the Islamic Republic, re-imposing the sanctions lifted under the agreement.
September 1st, 2019 - 09:02 GMT

Iran: US Showing 'Some Flexibility' on Iranian Oil Sales

Asia Pacific solar energy storage market is anticipated to exceed 40 per cent by 2025.
August 29th, 2019 - 06:42 GMT

Solar Energy Storage Market to Grow Over 35 Percent by 2025

A first exploration well is scheduled to be drilled in the first half of next year.
August 28th, 2019 - 11:45 GMT

Qatar to Enter Exploration Blocks in Namibia

Saif Humaid Al Falasi, Group Chief Executive Officer of ENOC
August 28th, 2019 - 10:33 GMT

ENOC Group Signs Agreement with IMS Oil Trading LTD. for the Supply of Marine Lubricants and Tankers

During the event
August 28th, 2019 - 08:32 GMT

Oman Oil Marketing Company Raises Road Safety Awareness in Buraimi

Offshore Jackup Drilling Rig in the Gulf Of Suez.
August 28th, 2019 - 07:06 GMT

Egypt Expands Oil, Gas Drilling in Gulf of Suez

Netanyahu is fighting for reelection in a potentially tough general election on 17 September with critics from his right-wing power base calling for tougher action against the Islamist Hamas.
August 27th, 2019 - 09:46 GMT

Netanyahu Slashes Gaza Oil Imports by Half

Since 2000, the electric transmission network in the Kingdom has witnessed significant growth reaching a length of about 84,000 kilometers.
August 26th, 2019 - 10:18 GMT

Saudi Arabia Aims to Become Regional Electricity Hub Between Asia, Africa

Over the week, WTI lost 1.3%, while Brent rose 1.2%.
August 26th, 2019 - 08:36 GMT

Oil Prices Plummet After China Unveils Retaliatory Tariffs Against US

South Sudanese soldiers guard an oil refining facility.
August 25th, 2019 - 10:56 GMT

South Sudan Urges Egypt to Optimize Country's Oilfields

On the back of increased gas production, Oman’s total LNG exports also recorded a massive jump of about 19 per cent to 10.2mn metric tonnes during 2018 compared to 8.6mn metric tonnes in the previous year.
August 25th, 2019 - 10:51 GMT

Natural Gas: A Significant Contributor to Oman’s Economy

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