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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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Oil facility on Khark Island in southern Iran.
April 22nd, 2019 - 04:00 GMT

US to End Iran Sanctions Waivers

A driver fills his car with gasoline after queueing in front of a petrol station in the Syrian capital Damascus.
April 21st, 2019 - 10:30 GMT

Syria Struggles With Chronic Petrol Crisis

Saudi Aramco made its first strategic investment in South Korea nearly 30 years ago when it bought a 34.99% stake in South Korean refining firm S-Oil in August 1991.
April 21st, 2019 - 08:30 GMT

Saudi Aramco Makes Second Major Investment in South Korea

During the meeting, the two sides expressed their opposition to the US sanctions and US terrorism designation of Iran’s IRGC.
April 18th, 2019 - 10:03 GMT

Iran to Strengthen Economic Ties With Turkey

Khamis AlShuaibi, Acting General Manager Shared Services at Students Research Conference
April 17th, 2019 - 08:27 GMT

Oman Oil Marketing Company Supports Sultan Qaboos University Students to Thrive in Academia

The Asian markets received the bulk of the Omani crude oil exports during March 2019.
April 17th, 2019 - 07:01 GMT

Oman Crude Production Exceeds 30 Million Barrel in March

'No deal' scenario would cause as much as $420 million in export losses for 20 African states.
April 16th, 2019 - 11:34 GMT

Morocco Could Lose Nearly $100 Million With No-Deal Brexit

Saudi Aramco continues to strengthen its position in the downstream sector.
April 16th, 2019 - 07:51 GMT

Saudi Aramco Invests $1.25 Billion Stake in South Korean Refiner

Consumption of energy in Kuwait is hitting 700,000 per day.
April 15th, 2019 - 10:58 GMT

Kuwait Hits Highest Rate of Energy Consumption

In recent months fuel and oil shortages have rocked regime-held areas of Syria.
April 15th, 2019 - 10:45 GMT

Syria Adopts New Measures to Confront Fuel Shortage

With the daily supply amount of one million barrels, the market wrapped up by selling eight 35,000-barrel cargos of oil on the day
April 15th, 2019 - 08:34 GMT

Iran to Sell One Million Barrels of Condensate This Week

In 2017, trade between the UAE and UK totalled £17.5 billion.
April 15th, 2019 - 06:31 GMT

UAE One of the Biggest Beneficiaries From No-Deal Brexit

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