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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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The project is expected to directly create around 1,000 job opportunities for Jordanians and more than 2,000 jobs indirectly
May 8th, 2019 - 08:25 GMT

Jordan to Rely on Oil Shale Power Station to Generate 15 Percent of Its Electricity Needs

Iran’s revenues from nano exports stood at $62 million
May 8th, 2019 - 07:27 GMT

Iran to Add 250 New Nano Products to the Market

American benchmark West Texas Intermediate was at $62.41 a barrel at the same time, marking a 0.16% gain after ending the previous session at $62.31 per barrel.
May 7th, 2019 - 01:00 GMT

Oil Prices Increase Amid China Setting for Trade Talks With US

South Sudan has one of the largest reserves of crude in sub-Saharan Africa
May 7th, 2019 - 10:30 GMT

South Sudan, South Africa Sign 6-Year Agreement for Oil Exploration

Most of the foreign direct investment Egypt attracts goes towards its energy sector. 
May 6th, 2019 - 09:26 GMT

World's Largest Solar Installation in Egypt to Be Fully Operational This Year

Both oil and US dollar values are likely to feel downward pressure as the market insists on affordability amid a fall in demand
May 6th, 2019 - 05:38 GMT

How China-US Trade Talks Affect the Oil Market

Aramco and SABIC have been contributing to bolstering the Kingdom's experience in being introduced to global markets
May 5th, 2019 - 08:53 GMT

Saudi Aramco Develops New Technology to Reduce Fuel Consumption and Environmental Pollution

The innovative design of the plant will ensure the highest efficiency, reliability and availability standards for any comparable plant in the world.
May 5th, 2019 - 06:45 GMT

Oman Goes Big on Solar Power

In a bid to reduce Iran's oil exports to zero, buyers of Iranian oil must stop purchases by May 1 or face sanctions.
May 5th, 2019 - 05:12 GMT

Iran Ridicules Effect of US Sanctions

The US will also revoke two waivers that allowed Iran to ship its excess heavy water for storage and swap its enriched uranium for natural uranium
May 4th, 2019 - 07:50 GMT

While Tightening His Grip on Oil, Trump Extends Nuclear Waivers for Iran

Saudi coast guard rescued an Iranian oil ship near Jeddah Islamic Port in the Red Sea
May 2nd, 2019 - 11:44 GMT

Saudi Arabia Rescues Iranian Oil Ship

Ahmad Bin Shafar, CEO of Empower
May 1st, 2019 - 10:51 GMT

Empower Completes Periodic Maintenance of Cooling Plants to Welcome Summer

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