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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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According to the Paris-based International Energy Agency, supplies from shale oil through the use of fracturing technology can help the US for some time, but it has to turn back to the Middle East down the road to satisfy its growing needs.
January 12th, 2014 - 03:55 GMT

Are we witnessing a "new oil order"?

Israel's Ministry of Energy, Jordan's Ministry of Energy and Noble Energy all declined to comment on the report.
January 8th, 2014 - 01:38 GMT

Passing gas: After historic $1.2 billion gas deal with Palestine, Israel to build pipeline to Jordan

It is truly a pity that civil wars, terrorism and hostility among regional powers prevents the optimal exploitation of the eastern Mediterranean’s natural gas treasure, which has the potential to transform  the economic future of Cyprus, Turkey and the Levant.
January 8th, 2014 - 12:54 GMT

The impending dispute between Cyprus and the Levant over offshore gas

A Syrian refugee in Jordan's Zaatari camp retrieves water. Jordan is one of the most water-scarce countries on earth (File Archive/AFP)
January 8th, 2014 - 09:42 GMT

Thirsty? This Kingdom needs $750 million to quench its water gap

During the event
January 8th, 2014 - 09:37 GMT

DEWA organises annual partners’ appreciation Ceremony

 In a message to members of the Organization of Petroleum Exporting Countries (OPEC), Zanganeh also said that unconventional oil production from shale reserves by non-OPEC countries will not be a threat to OPEC.
January 7th, 2014 - 03:55 GMT

Desperate for a comeback, Iran's oil minster sends a loud and clear message to OPEC's giants

During the event
January 6th, 2014 - 10:50 GMT

DEWA staff convey messages of loyalty to HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE

The crisis has seen output plunge to about 250,000 bpd from nearly 1.5 million bpd before.
January 5th, 2014 - 05:24 GMT

A glimpse of hope? Libya to resume limited oil production

Average daily volume
January 5th, 2014 - 10:36 GMT

DME delivers best ever performance with a record 36 % increase in 2013 trading volumes

ENOC Retail opens ZOOM Market
January 5th, 2014 - 05:26 GMT

ENOC Retail opens ZOOM Market stores in Dubai Shopping Centre and Bab Al Bahr in Ras Al Khaimah

Oman’s Ministry of Information said on its website  that the Sultanate is considering reducing energy subsidies
January 2nd, 2014 - 03:55 GMT

Should the GCC's new year's resolution be throwing energy subsidies out the window?

Saudi Arabia’s oil exports hit 2.66 billion barrels in 2013.
December 31st, 2013 - 06:48 GMT

An upcoming trend or an exception? Only 2014 will tell. Saudi Arabia's oil exports hit $50 billion in 2013

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