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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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Topaz will deploy boats to Azerbaijan's offshore fields during the last quarter of 2013 and the first quarter of 2014 (Courtesy of Shipbuilding Times)
November 26th, 2013 - 09:46 GMT

Topaz Energy & Marine wins big: awared 2 BP contracts to operate in Azerbaijan's largest oil fields

KSA will use solar power energy to operate its proposed seawater desalination plant (Shutterstock)
November 26th, 2013 - 09:29 GMT

UAE boosts its green profile with largest solar-powered desalination plant announcement

Al Bawaba
November 26th, 2013 - 05:13 GMT

Emojet’s pavilion attracted several key international and local airlines

But the adequacy of the refining industry cannot be judged by the distillation capacity alone but by the product demand slate and specification.
November 26th, 2013 - 03:55 GMT

Do we have more oil refineries than we need?

Crude futures in New York have slumped 12% since Iranian President Hassan Rohani took office August 1, pledging to end the sanctions crippling his country’s economy.
November 25th, 2013 - 04:38 GMT

Iran deal impact on oil prices "muted"

Iran exported over 132,000 tons of gasoline, valued at $134 million, in the past Iranian calendar year.
November 24th, 2013 - 06:14 GMT

Iran to boost strategic fuel capacities to 12 billion litres

MENA's energy subsidies account for half of the global total at $237 billion annually (Courtesy of Arabian Oil and Gas)
November 24th, 2013 - 09:07 GMT

The future of the Middle East economy: will energy subsidies' short-term gains outweigh projected inefficiencies?

Hydrogen cars are appealing because unlike electric vehicles, they have the range of a typical gasoline car and can be refueled quickly.
November 21st, 2013 - 02:28 GMT

Coming soon: Hydrogen cars!

The Saudi energy industry has to evolve to meet global opportunities and challenges. (Image credit: Shutterstock)
November 21st, 2013 - 06:10 GMT

Should Saudi Arabia be concerned about the USA's growing oil shale output?

ADNOC Technical Vehicle Inspection Centre
November 21st, 2013 - 04:40 GMT

ADNOC Distribution opens new technical vehicle inspection centres in Western Region

The country’s ‘Aa2’ foreign and local-currency government bond ratings stand along with similar ratings of Kuwait (‘Aa2’ stable) and the UAE (‘Aa2’ stable).
November 20th, 2013 - 06:57 GMT

Qatar boasts high financial indicators, if only its worker rights ratings were half as high

According to Stephen Pryor, president of Exxon Mobil chemicals, the shale gas boom in the US has triggered a round of protectionist policies resulting in trade restrictions.
November 20th, 2013 - 05:48 GMT

Time for a wake-up call: shale boom triggering over-protectionism, threatening the Gulf

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