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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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During the event
August 25th, 2019 - 09:00 GMT

DP World, UAE Region and JAFZA Unlocking Potential in New Markets for Indian Exports

ADNOC Distribution recently reported strong first half results, including a 4.3% year-on-year increase in net profit and a 21% year-on-year increase in free cash flow (EBITDA minus capital expenditures).
August 25th, 2019 - 05:42 GMT

ADNOC Distribution Shares Certified as Shari’a Compliant

Mohammed Mohammed Saleh
August 22nd, 2019 - 11:55 GMT

Federal Electricity and Water Authority Launches Phase 2 of ‘Your Home Our Care’ Project

Zohr’s discovery piqued investor interest in Egypt’s gas market and renewed the country’s hopes of becoming a regional energy hub.
August 22nd, 2019 - 05:55 GMT

Egypt Speeds Up Efforts to Turn Into a Regional Energy Hub

Ahmad Bin Shafar, CEO of Empower
August 21st, 2019 - 11:53 GMT

Empower: 16% Rise in Transactions Through E-Services

Oman Oil Marketing Company - Khareef Salalah Promotions
August 21st, 2019 - 08:45 GMT

Oman Oil Marketing Company Energizes Customers’ Journey During Khareef

TAQA
August 21st, 2019 - 07:08 GMT

Taqa Exceeds Monthly Production Target of 1 Million Barrels of Oil in Kurdistan Region of Iraq

The government remained fully committed to the IPO
August 20th, 2019 - 07:30 GMT

Aramco Requests Major Banks to Pitch for Roles in IPO

During the event
August 20th, 2019 - 06:57 GMT

CMS Supports Petrogas on Renewal of EPSA for Omani Block 5 License

With oil prices recently exceeding $70 per barrel, the outlook for public sector finances has improved significantly
August 19th, 2019 - 12:00 GMT

Increasing Oil Prices Are Strengthening Construction Outlook Across Mena

World oil demand in 2020 is forecast to grow by 1.14 mb/d y-o-y, in line with the current year estimates
August 19th, 2019 - 08:00 GMT

OPEC: Global Oil Demand Growth Forecast for 2019 Remains at 1.14 Million Bpd

Prices of Iranian oil was $60.88 per barrel in June
August 18th, 2019 - 08:30 GMT

Iranian Oil Prices Rise in July As the Output of OPEC Drops

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