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Oil and Renewables

Oil and Renewables latest

Oil and Gold Surge as Middle East Tensions Rattle Global Markets
March 3rd, 2026 - 06:25 GMT

Oil and Gold Surge as Middle East Tensions Rattle Global Markets

Escalating tensions in the Middle East have sent shockwaves through global markets, pushing oil and gold sharply higher and raising fresh questions about the near-term outlook for regional equities. Josh Gilbert, Market Analyst at eToro, said: “Markets hate uncertainty, and right now investors are facing one of the most unpredictable geopolitical backdrops in years. The key question is not just what has happened, but how long this disruption lasts and whether we see escalation or de-escalation in the coming days.” The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market ...
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Ahmad Bin Shafar, CEO of Empower
June 12th, 2018 - 08:39 GMT

Empower Participates in Idea’s International Workshop on ‘District Energy for Warmer Climates’ in Vancouver, Canada

OPEC’s second-biggest producer said supply curbs by the cartel haven’t yet achieved their purpose. (Shutterstock)
June 12th, 2018 - 06:21 GMT

OPEC Resistance to Saudi Supply Plan Grows With Iraqi Defiance

Citizens who earn up to OMR 950 a month will be able to benefit from the fuel subsidy system starting August 1, 2018.
June 12th, 2018 - 05:58 GMT

Fuel Subsidy Net Widened for Omanis

This demand was made by Ambassador Nabil al-Ashri, acting chargé d'affaires at the Saudi embassy in Austria. (SG)
June 12th, 2018 - 05:46 GMT

Tighten Control on Iranian Nuclear Sites: Saudi Arabia

More than 141,000 Smart Tags have now been fitted to vehicles across the country, including 29,500 since ADNOC Distribution launched a free giveaway.
June 10th, 2018 - 10:42 GMT

Growing Demand From Motorists in UAE for Adnoc Distribution’s Smart Tags

After the U.S. president hit European allies with aluminum and steel tariffs, the meeting shows a Washington policy drifting away from European commitments. (AFP)
June 10th, 2018 - 08:22 GMT

Oil Prices Slip on G7 Trade Concerns

During the event
June 6th, 2018 - 08:17 GMT

ADNEC Launches ‘ADNEC Giving’ Humanitarian & Charity Campaign Throughout the Holy Month of Ramadan

The price of oil recently hit $80 a barrel but the price retreated to $77 a barrel on May 26 after Saudi Arabia and Russia said they were ready to ease supply curbs. (Shutterstock)
June 4th, 2018 - 09:41 GMT

Oil Price Uncertainty Becomes Major Budget Concern for Egypt

With the rise in oil prices, normal household budgets are set to rise, but the economy will generate more jobs and attract more investment, say experts. (Shutterstock)
June 4th, 2018 - 08:37 GMT

Inflation to Rise Alongside Oil Prices in UAE

Manama rises from its 17th rank in the purchase power index of 2015. (Shutterstock)
May 31st, 2018 - 07:52 GMT

Manama Broke Into the Top 10 Cities in Purchasing Power Globally

Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday, 2 June, to discuss OPEC matters. (Shutterstock)
May 30th, 2018 - 10:38 GMT

Saudi, Kuwait and UAE Plan Meeting on OPEC

The country signed its first offshore oil and gas exploration and production agreement for two of Lebanon’s 10 offshore blocks on Feb. 9, 2018. (Shutterstock)
May 30th, 2018 - 10:18 GMT

First Phase of Lebanon Oil Exploration Set to Begin This Week

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