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Oil and Renewables

Oil and Renewables latest

Gold jumps 2% to two-week high as weak U.S. data fuels Fed rate cut bets
November 10th, 2025 - 10:45 GMT
Albawaba Business

Albawaba Business

Gold jumps 2% to two-week high as weak U.S. data fuels Fed rate cut bets

ALBAWABA- Gold prices surged 2% on Monday to their highest level in two weeks, driven by mounting expectations of a Federal Reserve rate cut next month and renewed safe-haven demand amid global economic and geopolitical uncertainty. A softer U.S. dollar further bolstered bullion’s appeal. According to Reuters , spot gold climbed 2% to $4,078.45 per ounce by 09:56 GMT—its strongest level since October 27—while U.S. gold futures for December delivery ...
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During the event
November 24th, 2016 - 07:33 GMT

ENOC recognises top suppliers for adding value to its business

ADNOC Distribution service station
November 23rd, 2016 - 09:37 GMT

ADNOC Distribution opens five rebranded service stations in Sharjah

During the event
November 22nd, 2016 - 09:23 GMT

DEWA hosts global ICT solutions provider Huawei during Innovation Week

King Salman bin Abdulaziz restructured the ministries responsible for handling water and energy policies in May 2016. (Wikimedia Commons)
November 22nd, 2016 - 08:30 GMT

Saudi Arabia moves to modernize water and energy sectors

During the event
November 22nd, 2016 - 06:44 GMT

Oman Oil Marketing Company shares the spirit of the Sultanate with new National Day video

Ministers and officials have said OPEC was moving closer towards dealing with sticking points and most members were prepared to offer Iran flexibility on production volumes. (File photo)
November 22nd, 2016 - 06:43 GMT

Dollar edges lower on OPEC meeting progress

OPEC agreed in Algeria on September to cut oil production to 32.5 million barrels a day (mb/d) from current level of 33.24 mb/d to boost the market. (File photo)
November 20th, 2016 - 07:00 GMT

Qatar announces talks with Iran, Iraq ahead of oil meet

In September, Novak met with Saudi Oil Minister Khalid al-Falih on the sidelines of the G20 summit in China to discuss ways to reverse a slide in crude oil prices. (AFP/File)
November 17th, 2016 - 12:00 GMT

Russian optimism on oil production talks raises hopes for Doha

Since the nationalization of Aramco in the 1980s, Saudi Arabia has consistently said the country’s proven oil reserves stand at 260 billion barrels. (File photo)
November 17th, 2016 - 08:30 GMT

Saudi oil minister vows transparency in run up to Aramco IPO

During the event
November 17th, 2016 - 05:37 GMT

Dubai Supreme Council of Energy and DEWA conclude successful participation in COP22

In the Middle East, Dubai has been the most innovative on solar power. (Shutterstock)
November 16th, 2016 - 09:00 GMT

Saudi Arabia and Russia could lead push to diversify energy resources: WAM

H.E. Saif Humaid Al Falasi, Group CEO, ENOC
November 16th, 2016 - 06:34 GMT

‘Human Factors’ a key focus at the 9th ENOC & SIRE workshop

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