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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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US crude exports will surpass shipments from Russia and nearly catches up to Saudi Arabia by 2024. (Shutterstock)
March 13th, 2019 - 08:19 GMT

IEA: US to Lead Global Oil Supply Growth to 2024

The Middle East has great potential as a shale oil-producing area. (Shutterstock)
March 13th, 2019 - 08:01 GMT

UAE Mulls Producing Shale Oil

Brent closed Friday at $65.08 per barrel while WTI traded at $55.69 per barrel. (Shutterstock)
March 12th, 2019 - 09:40 GMT

Brent Crude Rises Slightly to $66.27

Privatization of Oman's Power Companies to Cut Bills for Consumers. (Shutterstock)
March 12th, 2019 - 09:10 GMT

Privatization of Oman's Power Companies to Cut Bills for Consumers

Saudi Arabia Invites Bids for 7 Solar Projects Worth $1.51 Billion. (Shutterstock)
March 12th, 2019 - 08:57 GMT

Saudi Arabia Invites Bids for 7 Solar Projects Worth $1.51 Billion

Saudi Arabia Aims to Produce Over 50% of Solar Energy Globally by 2030. (Shutterstock)
March 11th, 2019 - 08:24 GMT

Saudi Arabia Aims to Produce Over 50% of Solar Energy Globally by 2030

US to Outdo Saudi Arabia in Oil Exports in 2019. (Shutterstock)
March 10th, 2019 - 12:41 GMT

US to Outdo Saudi Arabia in Oil Exports in 2019

The first shale oil well drilling started a few months ago. (Shutterstock)
March 10th, 2019 - 11:17 GMT

Bahrain to Start Shale Oil Production Soon

Kuwait Exposes Employees Working in Oil Sector With Forged Certificates. (Shutterstock)
March 10th, 2019 - 09:55 GMT

Kuwait Exposes Employees Working in Oil Sector With Forged Certificates

Large volumes of natural gas have been found in the Red Sea. (Shutterstock)
March 10th, 2019 - 09:34 GMT

Saudi Arabia: Large Volumes of Gas Discovered in Red Sea

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day. (Shutterstock)
March 10th, 2019 - 09:24 GMT

India Negotiates Waiver Extension With US on Iran’s Oil

Saudi Arabia sold gas to domestic consumers below cost of production, to encourage this new desire for fuel diversity. (Shutterstock)
March 9th, 2019 - 07:53 GMT

The Importance of Gas Production in Saudi Arabia

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