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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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Egypt has more refining laboratories than it has petrol production centres, and must therefore import crude oil
July 29th, 2013 - 11:55 GMT

Libya and Gulf secure oil for Egypt

Al Bawaba
July 29th, 2013 - 09:13 GMT

Omanoil launches second edition of ‘i promise’ campaign to promote fitness and wellbeing among staff

It needs at least 140 days to ensure safe shutdown and not the 60 days stipulated by Khartoum last June
July 29th, 2013 - 05:51 GMT

Sudan extends oil flow shutdown deadline

Iran plans to establish 40 gas storage facilities in the coming years
July 29th, 2013 - 05:39 GMT

Iran builds massive natural gas container

The election to pick OPEC’s secretary general is scheduled to be held in Vienna on December 4, with Iran, Iraq and Saudi Arabia vying for the post
July 28th, 2013 - 01:55 GMT

Iran's high chance of winning OPEC chairmanship

The Islamic Republic of Iran guarantees transferring millions of barrels of oil from the Persian Gulf and the Strait of Hormuz
July 28th, 2013 - 11:23 GMT

Iran's role in energy security undeniable, says Oil Minister

The current range of oil prices very palatable, neither too cold nor too hot in terms of likely revenue generation
July 28th, 2013 - 11:22 GMT

Oil Speculation: Always Tricky

Egypt has asked Kuwait to include Kuwaiti petroleum products, including 70,000 tonnes of diesel and jet fuel worth $60-65 million, as part of the aid
July 25th, 2013 - 10:55 GMT

Egypt seeking to raise gas prices, lure back investors

Iran plans to allocate some facilities to enhancing the production capacity of the country’s downstream petrochemical, polymer and plastic industries
July 25th, 2013 - 08:55 GMT

Iran plans to build 300 petrochemical parks in 4 years

Currently 22 million litters of gasoline conforming to euro 4 and euro 5 standards is being produced in the country
July 24th, 2013 - 03:55 GMT

What difference a week makes: Iran petrol consumption slips by 20%

Around 35,000 barrels of 45,000 barrels of oil extracted in Turkey every day come from the south-eastern provinces
July 24th, 2013 - 01:55 GMT

Turkey to increase investment in energy sector of south-eastern provinces

The winner
July 24th, 2013 - 10:15 GMT

Lucky winners of ENOC’s ‘Stop, Shop & Zoom’ promotion during DSS receive Hyundai Veloster car

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