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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 10 million barrels fall in US crude stocks was the largest drop since July 2018, due to a combination of strong exports and higher refining utilization. (Shutterstock)
March 24th, 2019 - 07:03 GMT

All You Need to Know About the Oil Market This Week

India’s Accord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka. (Shutterstock)
March 20th, 2019 - 08:20 GMT

India, Oman Sign $3.85 Billion Deal to Build Oil Refinery in Sri Lanka

The Committee recognised the current, critical uncertainties surrounding the global oil market throughout 2019. (Shutterstock)
March 19th, 2019 - 10:49 GMT

Distinguishable Improvement in Compliance With Oil Production Cuts

Iran launched a number of new projects aimed to increase its gas production. (Shutterstock)
March 18th, 2019 - 09:54 GMT

Iran Aims to Increase Gas Production From Shared Field With Qatar

Oil Prices Slips Due to Economic Slowdown. (Shutterstock)
March 18th, 2019 - 08:44 GMT

Oil Prices Slips Due to Economic Downturn

The reasons for cancellation of the $3.2bn oil facility by the UAE could not be immediately ascertained. (Shutterstock)
March 15th, 2019 - 07:12 GMT

Pakistan Fails to Secure $3.2 Billion UAE Oil Facility

Libya’s total oil production currently stands at around 1.17m bpd, according to Bloomberg. (Shutterstock)
March 15th, 2019 - 06:43 GMT

Libya’s High Oil Production Puts Pressure on OPEC Deal

GCC countries must invest in research and innovation to ensure a steady supply of high-quality chemicals. (Shutterstock)
March 14th, 2019 - 12:52 GMT

Research and Innovation Key to Oil Sector’s Sustainability' for GCC Countries

GCC countries this year will face weaker oil output compared to 2018 levels. (Shutterstock)
March 14th, 2019 - 11:32 GMT

Moody's: Weaker Oil Output to Put Pressure on GCC Deficits, Weaken External Positions

Oil Prices Increase as US Lowers Crude Production Estimates. (Shutterstock)
March 14th, 2019 - 08:27 GMT

Oil Prices Increase as US Lowers Crude Production Estimates

Iraq's Oil Exports Drop in February. (Shutterstock)
March 14th, 2019 - 07:37 GMT

Iraq's Oil Exports Drop in February

Bahrain to Commence Working on Its Biggest Solar Plant. (Shutterstock)
March 13th, 2019 - 09:58 GMT

Bahrain to Commence Working on Its Biggest Solar Plant

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