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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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Brent crude futures were up $1.71, or 2.85 percent, at $61.68 a barrel by 0908 GMT, having risen as much as 4.45 percent to $62.64.
June 14th, 2019 - 07:30 GMT

Oil Prices Rise Following the Tanker Attack in Gulf of Oman

The new wells aim to ultimately contribute to Jordan’s total energy mix.
June 13th, 2019 - 10:30 GMT

Jordan to Drill Three New Gas Wells

The area is near the Strait of Hormuz, a strategic waterway through which nearly one-third of all oil traded by sea passes.
June 13th, 2019 - 10:10 GMT

BREAKING NEWS: Explosions Target Two Large Oil Tankers in Gulf of Oman

US crude inventories rose by 4.9 million barrels in the week ended June 7 to 482.8 million barrels.
June 13th, 2019 - 07:09 GMT

Oil Supply Cuts to Be Extended at Least Until End of Year

The project goes beyond Facebook's goal to use renewable energy to power its data centers, where the social media giant stores photos, videos and other information that people post on the platform.
June 12th, 2019 - 09:43 GMT

Facebook Builds One of the Largest Solar Projects in US

Saif Humaid Al Falasi, Group Chief Executive Officer of ENOC
June 10th, 2019 - 10:45 GMT

ENOC Group Secures $690 Million Term Loan From a Consortium of Chinese Banks

Saudi's index closed May’s trading at 8,516 points, proving the vitality of the local market and the positive performance at the same time.
June 10th, 2019 - 07:30 GMT

Saudi Stocks Exchange Resumes Amid Significant Rise in Oil Prices

Achieving the objectives of the Dubai Clean Energy Strategy 2050 will require a production capacity of 42,000 megawatts, MW, of clean and renewable energy by 2050.
June 10th, 2019 - 05:53 GMT

UAE to Construct Floating Solar Plants in the Arabian Gulf

Iran confirmed attending the upcoming OPEC meeting in Vienna later in June.
June 9th, 2019 - 09:00 GMT

Iran: No Intentions to Leave OPEC

Brent and WTI crude prices rose to $63.29 and $53.99 per barrel respectively.
June 9th, 2019 - 06:00 GMT

Oil Prices Continue to Fall As Volatile Market Described Worst Since the Financial Crisis

The pact ends this month and the group meets in coming weeks to decide their next move
June 8th, 2019 - 03:00 GMT

Opec Close to Deal on Oil Output Cut Extension

Turkey’s political situation has been unstable since the results of the Istanbul mayoral race were canceled and the vote was set for a re-run on June 23.
June 4th, 2019 - 12:02 GMT

Starting Next Month Turkey Buys Oil From Iraq Instead of Iran

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