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Oil and Renewables

Oil and Renewables latest

Renewed US-Iran Tensions Lift Oil Prices as Investors Focus on Inflation Risks
July 15th, 2026 - 04:08 GMT

Renewed US-Iran Tensions Lift Oil Prices as Investors Focus on Inflation Risks

Renewed tensions between the US and Iran have pushed oil prices higher, bringing inflation risks back into focus for global investors, according to Lale Akoner, Global Market Strategist at eToro. While crude prices have risen amid concerns over slower traffic through the Strait of Hormuz, markets are not yet treating the situation as a full-scale oil supply crisis. Instead, investors appear to believe that energy supplies are becoming tighter, but not significantly disrupted. "Markets are pricing in higher geopolitical risk, but not a major supply shock," said Akoner. "Slower traffic ...
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Even at full capacity, Egyptian and Israeli electricity grids, together with Gaza's sole power plant, fail to cover the Gaza Strip’s energy needs and only provide energy to Gaza’s inhabitants for eight hours each day. (Shutterstock)
December 20th, 2016 - 05:27 GMT

Gaza's power company accuses Israel of delaying electricity line repairs

Oman’s first commercial renewable power project is already in operation in Al Mazyunah in Dhofar region. (Shutterstock)
December 19th, 2016 - 09:00 GMT

Oman's diversification program sets ten percent renewable energy target

Announced in April, the Vision 2030 strategy sets 9.5 GW as an ‘initial target’ to help build the renewables sector, noting that energy consumption will triple in the next 14 years. (Shutterstock)
December 19th, 2016 - 07:00 GMT

High demand for solar energy in Saudi is a landmark opportunity for investors: Report

During the event
December 18th, 2016 - 11:07 GMT

MD & CEO receives Spanish Ambassador to the UAE and Spanish delegation

As part of the agreement, BP will second up to 50 technical staff to Adco, bringing technology, expertise and experience to support the ongoing efficient operation and development of the assets. (File photo)
December 18th, 2016 - 07:00 GMT

BP strikes $2.2B oil concession deal with Abu Dhabi

The joint ventures with Nabors and Rowan are part of a strategy to develop a best-in-class drilling industry in Saudi Arabia. (YouTube)
December 15th, 2016 - 10:00 GMT

Saudi Aramco signs new drilling JV with Nabors and Rowan

Petrofac has a long track record in Iraq, helping with the export of more than 1.5 billion barrels of oil over the past four years. (File photo)
December 15th, 2016 - 05:13 GMT

Iraq to reach 'export milestones' with Petrofac's $75M oil facility expansion

The Breakthrough Energy Coalition shows that clean energy and economic development are not mutually exclusive. (Arab Times)
December 14th, 2016 - 01:00 GMT

Saudi Prince Al Waleed donates $50M to Bill Gates' Breatkthrough Energy Ventures initiative

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
December 14th, 2016 - 12:21 GMT

HH Sheikh Mohammed bin Rashid Al Maktoum honours DEWA at Arab Social Media Influencers Summit

OPEC's production agreement enters into force in January, though producers are already pumping oil at record levels. (File photo)
December 14th, 2016 - 08:00 GMT

IEA cautions against high-risk oil investment in wake of OPEC deal

During the event
December 14th, 2016 - 04:40 GMT

MD & CEO receives General Electric delegation

A framework deal signed last year called for up to $5 billion in total investments in offshore Egypt. (File photo)
December 13th, 2016 - 08:00 GMT

Eni sells 30 percent stake in Zohr gas field to Russia's Rosneft for $1.6B

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