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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 government said it is obliged to comply with the agreement, under a penalty clause of one billion dollars.
May 1st, 2019 - 08:20 GMT

Jordan to Review Gas Agreement With Israel

During the event
May 1st, 2019 - 07:24 GMT

Oman Oil Marketing Company Inspires Employees and Public With Host of Activities During Health Safety Environment Quality Week

International benchmark Brent crude was trading at $71.33 per barrel.
April 30th, 2019 - 11:16 GMT

Oil Prices Fall Amid Concerns Related to China's Weak Manufacturing Data

India had previously planned to raise oil imports from Iran to around 500,000 barrels per day (bpd) by March 31.
April 30th, 2019 - 10:32 GMT

Turkey, India Main Affected Countries From Ending Iran Sanctions Waivers

The steep fall of the oil price on Friday was a reflection that OPEC does have the spare capacity to pump an extra 1.5 – 2 million bpd.
April 30th, 2019 - 07:48 GMT

Clarity on the Inconsistent Oil Market to Come in June

Algeria has to do its best to avoid economic instability.
April 30th, 2019 - 06:48 GMT

IMF Urges Algeria to Cut Deficit, Reduce Reliance on Oil

Iran is set for a steep recession this year under the threat of “zero exports” of crude in accordance with US policies over Tehran’s nuclear program.
April 30th, 2019 - 05:28 GMT

Oil: A Blessing for Saudi Arabia, a Curse for Iran

From May 1, the price of Super 98 will be at Dh2.48 a litre.
April 29th, 2019 - 10:34 GMT

Petrol Prices to Increase in UAE Starting May 1

Trump said on Friday he called the Organization of the Petroleum Exporting Countries (OPEC) and told the cartel to lower oil prices.
April 29th, 2019 - 07:38 GMT

Oil Prices Down After Trump Demands OPEC to Raise Output

The transaction will combine the outstanding track records of the parties with respect to operations, quality of service, health, safety and environment.
April 29th, 2019 - 06:43 GMT

Saudi Taqa Acquires Schlumberger Middle East Rigs Business for $415 Million

The end of the exemptions sparked fears of supply shortages, pushing oil prices to near six-month highs.
April 28th, 2019 - 07:17 GMT

Putin: Russia Won't Immediately Raise Oil Output After Iran Waivers End

Aramco has been looking at gas assets in Russia, Australia and Africa.
April 27th, 2019 - 07:42 GMT

World’s Top Oil Producer Explores Joint Ventures in Gas

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