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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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Al Bawaba
June 24th, 2012 - 06:43 GMT

ENOC hosts students from the US for global immersion program

Transportation will be the fastest growing oil consuming sector in the world
June 21st, 2012 - 09:54 GMT

Global oil consumption on a rise year-on-year

Al Bawaba
June 21st, 2012 - 05:42 GMT

TAQA completes USD 1.4 billion project financing arrangements for Jorf Lasfar Power Complex Expansion (JLEC 5&6)

95-octane graded fuel fell by LL500 from last week and 98-octane graded fuel fell by LL600
June 20th, 2012 - 09:16 GMT

Lebanon gas prices just keep plummeting

Subsidies are essentially the government buying energy at market prices and reselling it back to citizens at lower prices
June 19th, 2012 - 02:00 GMT

Ending fuel subsidies, the good and bad

During the event
June 19th, 2012 - 10:16 GMT

ENOC secures US$100 million financing for new bulk liquid petroleum terminal

The world's largest crude exporter stored 284 million barrels inside the country in April, 3.8 percent more than in March
June 19th, 2012 - 08:24 GMT

Saudi Arabia oil: more stock as exports fall

Smart grid regulatory frameworks are in the early stages of development but progress is being made
June 18th, 2012 - 02:00 GMT

Smart grid can save up to $1bn for Gulf states in a year

After averaging nearly $120 in the first quarter of this year, Brent crude oil has slipped as low as $95 a barrel this month “ the lowest level since January 2011
June 18th, 2012 - 09:33 GMT

Sliding oil price rebalances Middle East economy

Al Bawaba
June 18th, 2012 - 09:31 GMT

Octal pioneers pet bottle recycling program with Salalah’s British School

One reason why is probably that finding common ground between mainly Iran and Saudi will be hard still, particularly given their conflicting interests in view of the upcoming sanctions
June 18th, 2012 - 09:07 GMT

OPEC: not the same group without quotas

The market was also supported by hopes that the United States Federal Reserve would step in with new stimulus measures to bolster the world's largest economy, traders said
June 17th, 2012 - 07:34 GMT

Crude oil prices rise after OPEC holds output target

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