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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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Banks in Turkey to restructure $7-$8 billion credit of energy companies, Garanti Bank's top official says. (Shutterstock)
February 25th, 2019 - 08:50 GMT

Turkey to Witness New Big Energy Investments by 2020

During the event
February 25th, 2019 - 08:18 GMT

Octal to Invest $50 Million in Oman Operations to Solidify Global Leader Status in Packaging Solutions

Saif Humaid Al Falasi, ENOC-His Excellency
February 24th, 2019 - 11:30 GMT

Autopro Collaborates With Gulf Rubber Factory to Roll out 'Enviromat'

Research: Volumes From New Oil & Gas Projects to Triple in 2019. (Shutterstock)
February 24th, 2019 - 08:57 GMT

Research: Volumes From New Oil & Gas Projects to Triple in 2019

India is a top investment priority for Saudi Arabia. (Shutterstock)
February 21st, 2019 - 10:04 GMT

World's Biggest Oil Company Eyes Investments in India’s Reliance Industries

During the event
February 21st, 2019 - 07:16 GMT

Total Achieves a New Step Towards Developing an Integrated Gas Project in the Sultanate of Oman

South Korea is the third-largest buyer of Iranian oil. (Shutterstock)
February 20th, 2019 - 10:00 GMT

Despite US Sanctions, S. Korea Ships in Over $100 Million Worth of Iranian Oil

Britain's tradition of cosying up to dictators will be further entrenched by post-Brexit desperation. (Shutterstock)
February 19th, 2019 - 10:44 GMT

The Snowball Effect of Brexit

The installed wind power capacity in the country currently stands at over 7,000 megawatts. (Shutterstock)
February 19th, 2019 - 08:21 GMT

Wind Energy Sector Records 7.24 Percent Growth in Turkey

Dr Bakheet Al Katheeri, Chief Executive Officer, Mubadala Petroleum
February 18th, 2019 - 11:34 GMT

Mubadala Petroleum Signed South Andaman PSC in Indonesia

Market developments likely to be dominant economic driver for region once again this year. (Shutterstock)
February 17th, 2019 - 07:49 GMT

Stronger Oil Prices in 2018 Puts Middle East Oil Nations on Solid Ground in 2019

The investment will be made over a six-year period. (Shutterstock)
February 15th, 2019 - 08:53 GMT

Total, Saudi Aramco $1 Billion Project to Create Thousands of Jobs in Saudi Arabia

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