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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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Lebanon is hoping to begin its first exploratory drilling later this year in one of two maritime areas, one of which lies partially in the disputed territory. (Shutterstock)
April 4th, 2019 - 09:21 GMT

Lebanon Wants to Restore Iraq Oil Pipeline

Lebanon will start drilling for gas in maritime Block 4 before the end of the year and intends to launch a second licensing round in January 2020. (Shutterstock)
April 3rd, 2019 - 09:18 GMT

Lebanon to Start Gas Drilling Before End of Year

Mr. Hesham Farid, Managing Director of Treasury & Capital Markets, APICORP
April 3rd, 2019 - 08:25 GMT

The Arab Petroleum Investments Corporation (APICORP) Issues USD 300 Million 5-Year Dual Listed Floating Rate Formosa

his accounts for 25.5 percent of Japan's total crude imports. (Shutterstock)
April 3rd, 2019 - 07:25 GMT

UAE Exports 22 Million Crude Oil Barrels to Japan in February

A Saudi developer’s plan to harness the sun 24/7 is sparking a renewable energy revolution in the region. (Shutterstock)
April 3rd, 2019 - 06:31 GMT

Saudi Arabia Adopts New Technologies for Harnessing Solar Power

The monthly average of the OPEC basket price hit USD 63.83 pb in February and USD 66.37 pb in March. (Shutterstock)
April 2nd, 2019 - 09:03 GMT

OPEC Basket Price Soar to $67.23 pb

Egypt's oil trade balance achieved for the first time in four years a surplus of $150.8 million. (Shutterstock)
April 2nd, 2019 - 07:59 GMT

Egypt's Oil Trade Balance Achieves Surplus of $150.8 Million

Tunisia raised fuel prices by four percent on Saturday. (Shutterstock)
April 2nd, 2019 - 07:40 GMT

Tunisia Raises Fuel Prices by 4 Percent Amid Rise in Global Prices

The company’s standalone profile corresponds to a rating of 'AA+', with stable outlook, says Fitch. (Shutterstock)
April 2nd, 2019 - 04:00 GMT

Fitch: Saudi Aramco World’s Biggest Oil Producer by Volume

South Sudan will pump an additional 70,000 barrels per day of crude oil next June. (Shutterstock)
April 1st, 2019 - 10:11 GMT

South Sudan to Pump Additional 70,000 Oil Barrels by Next June

OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said. (Shutterstock)
March 31st, 2019 - 07:59 GMT

Oil Prices Report Biggest Quarterly Rise in a Decade

South Pars has 14 trillion cubic meters of natural gas and 19 billion barrels of gas condensate, which is equivalent to 50% of the country's overall reserves and 8% of the world's gas reserves. (Shutterstock)
March 31st, 2019 - 07:16 GMT

Natural Gas Production Rises 12 Percent in Iran

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