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Oil and Renewables

Oil and Renewables latest

Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns
June 20th, 2026 - 01:56 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns

ALBAWABA- Global oil prices recorded their sharpest weekly decline in months, with Brent Crude falling about 8% over the week, as a renewed ceasefire between Israel and Hezbollah and progress on the US-Iran agreement eased concerns over potential disruptions to global energy supplies. Although prices edged higher on Friday, markets remained under pressure as geopolitical risk premiums continued to fade amid signs of improving stability in the Middle East. Brent ...
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Earlier selloff came as traders grew anxious about whether OPEC members and other oil producers would scale back output as part of a deal agreed in late 2016. (Shutterstock)
January 5th, 2017 - 06:15 GMT

Oil edges higher as Kuwait confirms commitment to cutting output

According to the National Iranian Oil Co., it's a "big step" in opening Iranian oil and natural gas fields up to Western investors. (AFP/Flle)
January 4th, 2017 - 08:00 GMT

Iran courts foreign oil and gas investors

Al Bawaba
January 3rd, 2017 - 12:00 GMT

Egypt cuts arrears to foreign oil companies to $3.5B

A new advertising campaign will explain the system for using the fuel smartcards, as well as the places for getting them. (Shutterstock)
January 2nd, 2017 - 11:00 GMT

Egypt rolls out gasoline smartcard system

During the visit
January 2nd, 2017 - 09:42 GMT

HE Saeed Mohammed Al Tayer discusses ways to enhance collaboration with Italy's Ambassador to the UAE

Egypt aspires to increase its oil and gas production to meet the growing domestic demand for energy. (File photo)
December 29th, 2016 - 11:30 GMT

New Egyptian oil and gas agreements worth $220M

OPEC and non-OPEC members agreed to meet Jan. 13 to review compliance with recent agreements to start cutting production next week. (File photo)
December 29th, 2016 - 06:30 GMT

As oil production cut compliance date nears, Iraqi statement edges crude prices higher

Egypt currently has 12 natural gas field development projects underway worth a total of $33 billion in investment
December 28th, 2016 - 10:00 GMT

Egypt: Italy's Eni to explore two more Mediterranean gas fields

During the event
December 28th, 2016 - 05:19 GMT

DEWA completes 53% of M-Station expansion

Talks will also focus on accelerating the start of the planned oil and gas pipeline project from Iraq to Jordan. (File photo)
December 27th, 2016 - 08:00 GMT

Discussions put Jordanian-Iraqi oil pipeline construction back in the spotlight

During the event
December 22nd, 2016 - 08:58 GMT

ENOC offers customers a chance to win 34 cars and AED 19 million in total prizes this Dubai Shopping Festival

During the event
December 22nd, 2016 - 06:40 GMT

DEWA inaugurates 400/132kV substation at Mohammed bin Rashid Al Maktoum Solar Park

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