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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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Is Saudi Arabia about to fall for solar energy?
February 25th, 2013 - 11:12 GMT

Could Saudi really be losing its taste for the black stuff?

It estimates that Iran lost over $40 billion in export revenues in 2012 or about $3.4 billion per month
February 25th, 2013 - 08:42 GMT

Iran oil to continue to slip - IEA

Part-Abu Dhabi owned oil and gas company OMV posted a 25 per cent jump in revenues after revising production in Libya
February 25th, 2013 - 08:41 GMT

Libyan oil helps push 'OMV' profits higher

Dr. Rahma honors a staff member in the presence of Abdulla Al Noman, and Darren Smith
February 25th, 2013 - 05:52 GMT

Emarat honors 34 employees who have spent 10 years or more at its service stations

Jordan and Iraq are set to seal the deal on a new oil pipeline
February 25th, 2013 - 03:07 GMT

Iraq and Jordan to make Arab history when they ink oil deal

Iranian President Mahmoud Ahmadinejad
February 24th, 2013 - 11:30 GMT

It's not all sunshine and rainbows: Ahmadinejad faces the economic music

Political instability hurts the Egyptian gas industry
February 24th, 2013 - 04:00 GMT

Russia no longer cooking on Egyptian gas

Israel has awarded its first license to drill for oil in the occupied Golan Heights
February 21st, 2013 - 11:14 GMT

Israel awards Golan Heights oil license

New electricity meter are being installed across Yemen
February 21st, 2013 - 10:53 GMT

Yemeni to get prepaid electricity meters

Jordan plans to launch its first private sector renewable energy initiative
February 21st, 2013 - 09:05 GMT

Jordan to launch privatised renewable energy projects

Saudi Arabia expects to raise its output in the second quarter to satisfy higher demand from China and drive economic recovery elsewhere
February 21st, 2013 - 08:16 GMT

Saudi oil supply helps maintain prices

Jordan's sole producer of postash denies reports that it is considering importing Israeli gas
February 21st, 2013 - 08:06 GMT

Jordan denies plans to import Israeli gas

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