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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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Al Bawaba
August 7th, 2014 - 05:44 GMT

MELUBCO Lube Oil Blending Plant enters into an MOU with DP World

The $150 million power plant — which will be the largest PV facility in the Middle East — is one of the main projects in Jordan’s plan to diversify its power generation portfolio.
August 5th, 2014 - 08:01 GMT

It's always sunny in Jordan: US company to introduce solar energy in Ma'an

Market observers said the proactively worded statement was a political ploy made just days before Turkey prepares to elect its president directly for the first time in the history of the republic.
August 5th, 2014 - 08:01 GMT

Playing to the audience as elections loom? Turkey threatens to backtrack on three Israeli pipelines over Gaza attacks

Al Bawaba
August 5th, 2014 - 09:26 GMT

ENOC rolls out ‘Shop and Live for Free’ campaign to mark DSS 2014

Al Bawaba
August 5th, 2014 - 04:25 GMT

EQUATE wins Transform Awards MENA 2014

The project, located on Saudi Arabia’s Red Sea coast, received a formal go-ahead from the parent firms in 2012.
August 4th, 2014 - 07:15 GMT

Backtracking? Aramco, Sumitomo transfer ownership of impending $8.5 billion plant

Al Bawaba
August 4th, 2014 - 08:56 GMT

ENOC joins hands with UK-based Energy Institute to organise training for energy professionals in Dubai

Al Bawaba
August 3rd, 2014 - 04:40 GMT

Making up for the past? An overview of Iran’s new economic policy package

The Kingdom, holding the world's fifth largest proven reserves of gas, expects domestic demand for natural gas - used mainly for power generation
August 3rd, 2014 - 03:55 GMT

A one-sided affair: Saudi Arabia is interested in 'unconventional gas', but what's stopping in the way?

The report additionally forecast that Saudi oil reserves will rise to as much as 273 billion bbls by 2017.
July 31st, 2014 - 03:55 GMT

Saudi oil output to remain high by 'historical standards'

Stover added that the current Tamar pipeline has on several occasion reached its full capacity due to high demand in Israel.
July 28th, 2014 - 03:13 GMT

Well-deserved: Gaza attacks reduce demand for Israeli gas

“There is one major resource base in the world which could meet the growth in the global oil demand, which is the Middle East,” he said.
July 27th, 2014 - 05:24 GMT

Underestimation or outright denial? Shale ‘euphoria’ deemed ‘pointless’ by some in the Gulf

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