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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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In March India's oil imports from Iran rose to about 405,000 bpd.
April 14th, 2019 - 09:03 GMT

India's Shipment of Iranian Crude Oil Increase Despite US Sanctions

Libya’s oil sector is facing the biggest threat since Gaddafi’s overthrow.
April 14th, 2019 - 08:28 GMT

Oil Exports Face Biggest Threats in Libya Due to Tripoli Battles

Domestic gasoline prices are subject to change, rising and falling due to changes in export prices from the Kingdom to global markets.
April 14th, 2019 - 07:45 GMT

Saudi Arabia Revises Gasoline Prices Due to Changes in Export Prices

There's a 'high probability' to achieve balance in market by year end.
April 11th, 2019 - 06:26 GMT

UAE to Revise Oil Output Cut Target If Market Requires

Morocco has made notable development in the field of scientific research related to the energy sector. (Shutterstock)
April 9th, 2019 - 06:17 GMT

Energy Sector Investments in Morocco Exceeds $13 Billion

Saudi Aramco’s crucial bond issue, set to close on Wednesday, has already attracted higher-than-expected interest from international investor. (Shutterstock)
April 9th, 2019 - 06:16 GMT

Saudi Aramco's International Bond Issue Attracts $30 Billion

During the event
April 8th, 2019 - 10:57 GMT

‘OOMCO’ Launches Operations in Saudi Arabia With Official Opening of ‘Lamaa’ Service Station in Dammam

According to spokesman for the Atomic Energy Organization of Iran (AEOI), Behrouz Kamalvandi, the achievements would cover various fields, including exploration, extraction, fuel cycle, power plants, science and technology as well as laser. (Shutterstock)
April 8th, 2019 - 03:34 GMT

Iran Already Hit 114 Nuclear Achievements and Will Reveal Them on Tuesday

Egypt has recently launched an international tender for new explorations in 10 areas in the Red Sea, added the statement. (Shutterstock)
April 8th, 2019 - 03:18 GMT

Egypt, Saudi Boost Relations in Oil, Gas and Minerals Sectors

Lebanon Announces New Blocks for Oil, Gas Exploration. (Shutterstock)
April 7th, 2019 - 05:19 GMT

Lebanon Announces New Blocks for Oil, Gas Exploration

Bahrain recently announced a new tight oil discovery off its coast estimated to be its biggest ever find. (Shutterstock)
April 7th, 2019 - 03:36 GMT

Bahrain Wants US Oil and Gas Giants to Invest in Its Energy Sector

Experts continue to believe that the oil market will likely remain tight, however, the cancellation of all waivers remains unlikely keeping in view the probable consequences to both the oil market and US bilateral relationships. (Shutterstock)
April 4th, 2019 - 10:59 GMT

US Mulls Renewing Waivers to Countries Importing Iranian Oil

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