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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 value of these projects is expected to amount to about seven billion dollars (SR26.25 billion) (Shutterstock)
January 24th, 2019 - 09:40 GMT

Saudi Arabia to Implement 12 Renewable Energy Projects Worth of $7 Billion

Dubai will source eight per cent or at least 1000 megawatts of its over-all power requirements from renewable energy sources by next year. (Shutterstock)
January 24th, 2019 - 08:48 GMT

Renewable Energy to Produce 8 Percent of Dubai's Power

The oil was discovered at a depth of 3,770 meters and has an API gravity of 40 which is “very light and sweet. (Shutterstock)
January 24th, 2019 - 08:37 GMT

New Oil Discovery in Iran

UAE, Canada Agreement to Boost Cooperation in Clean Energy Field (Shutterstock)
January 23rd, 2019 - 12:35 GMT

UAE, Canada Sign Agreement to Boost Cooperation in Clean Energy Field

Saudi Arabia will remain the largest global oil exporter for years to come despite the growth of the US oil sector. (Shutterstock)
January 23rd, 2019 - 07:06 GMT

IEA: Saudi Arabia Remains the Largest Global Oil Exporter

The project is based on US shale oil technology for natural gas extraction. (Shutterstock)
January 22nd, 2019 - 07:31 GMT

Sudan Mulls Expanding Oil Investments Projects With US

During the event
January 20th, 2019 - 09:37 GMT

Oman Oil Marketing Company’s ‘Café Amazon’ Is Ready to Greet Customers at Ghala Service Station

The price market structure for the Brent crude price has flipped to a slight backwardation after hovering in a slight contango for the past two weeks. (Shutterstock)
January 20th, 2019 - 07:50 GMT

Oil Prices Recover, Reaching Over $60 per Barrel

The electricity generated from the renewable sources will reach 1000 megawatts by March 2019. (Shutterstock)
January 19th, 2019 - 11:00 GMT

Iran to Construct 3000 New Small-Scale Solar Plants in Rural Areas

EIA expects crude oil prices to continue to rise in late 2019 and early 2020 because of an increase in refinery demand for light-sweet crude oil (Shutterstock)
January 17th, 2019 - 10:46 GMT

Brent Oil Estimated at $61 per Barrel in 2019

Gulf shifts focus to diversify energy sources to boost economy (Shutterstock)
January 16th, 2019 - 10:52 GMT

220,500 Jobs in GCC If Region Meets Its Sustainable Energy Targets by 2030

The Kingdom Tower stands in the night in Riyadh, Saudi Arabia (Shutterstock)
January 15th, 2019 - 08:36 GMT

Increasing Renewable Energy Production is on Saudi's Top List

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