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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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Opec and other producers led by Russia and  Saudi Arabia are cutting oil output until the end of March 2018. (AFP/ File)
September 6th, 2017 - 11:29 GMT

Saudi Arabia, Russia Mull Opec Deal Extension as Oil Prices Stabilize

Group photo during the opening
September 6th, 2017 - 07:35 GMT

ADNOC Distribution Celebrates the Opening of Its 44th Service Station in Al Ain City

Damage is seen in the aftermath of Hurricane Harvey in Katy, Texas, on August 26, 2017. (AFP)
August 31st, 2017 - 11:22 GMT

Hurricane Harvey Shuts Down Largest US Oil Refinery, Owned by Saudi Arabia

Announcement part of efforts to support the UAE’s commitment to reduce output under an Opec-non-Opec deal
August 29th, 2017 - 10:54 GMT

ADNOC to Cut October Crude Supplies by 10 Percent

Egypt witnessed a large flow of investment from international oil companies in the wake of the June 30 revolution. (Reuters)
August 28th, 2017 - 01:56 GMT

Egypt Signs Three New Oil Exploration Deals in Western Desert

Saif Humaid Al Falasi, Group CEO, ENOC
August 23rd, 2017 - 07:29 GMT

ENOC Recognised for Innovative Energy Management Initiatives at International Awards

An Emirati man looks at the solar power platform at Masdar City, on the outskirts of Abu Dhabi. (AFP)
August 22nd, 2017 - 01:54 GMT

UAE's Economy to Slow Down as Abu Dhabi Cuts Oil Production: Report

The partnership agreement with Mashreq Bank is part of our efforts to achieve the directives of the wise leadership to encourage customers and provide excellent government services through innovative channels.
August 22nd, 2017 - 12:10 GMT

DEWA in Bill Payment Deal With Mashreq Bank

The transaction is expected to close in first quarter 2018 and has an effective date of July 1, 2017.
August 22nd, 2017 - 11:26 GMT

Total Acquires Maersk’s Oil and Gas Unit for $7.45 Billion

The five ADNOC Distribution employees were honoured at a ceremony and lunch at ADNOC’s HQ
August 22nd, 2017 - 04:15 GMT

ADNOC Rewards Service Station Employees for Rapid and Effective Response, Ensuring Safety of Customers and Community

The project is the first large-scale wind farm set to be developed in the GCC. (File photo)
August 20th, 2017 - 09:11 GMT

Abu Dhabi’s Masdar to Build GCC’s First Large-Scale Wind Farm in Oman

Engie has acquired a 40 percent stake in Tabreed from Mubadala, the Abu Dhabi-based investment company. (Shutterstock)
August 17th, 2017 - 09:56 GMT

France's Engie Completes $762 Million Investment in Tabreed

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