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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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During the event
January 15th, 2019 - 07:18 GMT

Oman Oil Marketing Company Partners With Lawyers Association to Help Release Imprisoned Debtors as Part of AT’a Campaign

Saudi Arabia to Construct $10 Billion Oil Refinery in Pakistan (Shutterstock)
January 14th, 2019 - 10:18 GMT

Saudi Arabia to Construct $10 Billion Oil Refinery in Pakistan

Brent has bounced back above $60 a barrel and we retain our $70 a barrel forecast for 2019 (Shutterstock)
January 14th, 2019 - 08:16 GMT

Oil Price Average Projected at $70 This Year

The change in speculative flows marks a reversal from last month’s gloomy activities. (Shutterstock)
January 13th, 2019 - 09:43 GMT

Fluctuation of Oil Prices Affecting the Market's Sentiments

During the event
January 13th, 2019 - 08:42 GMT

Oman Oil Marketing Company Participates in the 2nd 'Gas Stations Build Middle East' Summit

Turkey's natural gas consumption retreats to around 50 billion cubic meters in 2018. (Shutterstock)
January 13th, 2019 - 08:22 GMT

Turkey Hits a Historic Record in Daily Gas Consumption

Saudi Arabia is the world's top oil exporter. (Shutterstock)
January 10th, 2019 - 09:01 GMT

Saudi's Oil and Gas Reserves Are Bigger Than Previously Reported

Apicorp made the prediction in a report as the oil price again ticked higher, supported by the hopes that talks between China and the US would defuse current trade tensions. (Shutterstock)
January 9th, 2019 - 09:40 GMT

Saudi Firm Predicts Oil Price to Hit $70 by Summer

Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Minister of Energy and Industry. (AFP)
January 9th, 2019 - 08:15 GMT

UAE: OPEC Doesn't Control Oil Prices, the Market Does

Oman Gas uses AssetWise Asset Reliability with handheld devices to enable digital workflows and improve reliability and performance of its operations.
January 8th, 2019 - 11:06 GMT

Oman Gas Leverages Digital DNA to Increase Reliability Performance by 9 Percent With AssetWise Asset Reliability

Analysts say that the coming weeks could witness heavy volatility due to concerns regarding US government shutdown, Brexit uncertainty and flat global economic growth. (Shutterstock)
January 8th, 2019 - 09:15 GMT

Uncertainty Dominates the Oil, Equity Market Despite the Positive Momentum

Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia said despite the U.S. sanctions more oil buyers have approached the country for negotiations. (Shutterstock)
January 6th, 2019 - 09:31 GMT

Number of Iran's Oil Buyers Increases Despite US Sanctions

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