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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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There is great anxiety in the market today mainly related to supply concerns. (Shutterstock)
May 29th, 2019 - 08:00 GMT

Kuwait: Oil Market to See Balance by End of Year Despite Uncertainties Around Oil Demand Growth

Abu Dhabi National Exhibitions Company
May 29th, 2019 - 07:53 GMT

ADNEC Wraps Up Successful Participation in AUVSi2019 and ITEC

OPEC and Russia continue to limit their production in order to support prices.
May 27th, 2019 - 10:05 GMT

Oil Prices Fall Following Largest Weekly Drop of 2019

During the event
May 27th, 2019 - 08:21 GMT

Oman Oil Marketing Company Rolls out Enhanced ‘Thawani’ Digital Payment Solution at Service Stations

The prices hit a 2019 high of $75 a barrel in April, which saw prices going up 6.3 per cent compared to March 2019.
May 26th, 2019 - 08:00 GMT

US-China Trade Talks to Determine Oil Prices

Ghassan Salame, UN special envoy for Libya and head of the UN Support Mission in Libya (UNSMIL) speaks during a press conference in the Libyan capital Tripoli.
May 25th, 2019 - 01:00 GMT

UN Envoy: Libya Is Committing Suicide by Wasting Its Oil Wealth

Aramco will buy 5 million tons of liquid natural gas per year.
May 23rd, 2019 - 08:33 GMT

Aramco Inks 20 year Deal to Buy US Natural Gas

Turkey began trimming its Iranian imports as early as March.
May 22nd, 2019 - 06:41 GMT

Turkey Yields to US by Closing Its Ports to Iranian Oil

World Markets are fragile, price of Oil getting too high.
May 21st, 2019 - 07:45 GMT

Oil Prices Rise Amid Indications From OPEC on Extending Output Cuts by Year-End

Opec is trying to cut output by 812,000 barrels a day below baseline levels.
May 19th, 2019 - 07:39 GMT

OPEC, Allies Back on Track With Oil Cuts to Steady Market

Jordanian-Iraqi cooperation in the energy field is not limited to this deal
May 16th, 2019 - 11:40 GMT

First Iraqi Crude Oil Shipments to Arrive to Jordan Next Weekend

Iran has denied any involvement in the attacks.
May 16th, 2019 - 06:43 GMT

Saudi Facility Attacks Affect Asian Oil Buyers, Shippers

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