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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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Construction of pipeline infrastructure, the development of the gas fields and the pipeline to the Southern Turkish would cost about $4 billion alone. (File photo)
May 30th, 2016 - 10:00 GMT

Israel mulls European gas exports via Turkey

Over the past two years, Jordan has been importing liquefied natural gas (LNG) from Qatar, and from Royal Shell, Vitol, and others. (Shutterstock)

(Shutterstock)
May 30th, 2016 - 04:12 GMT

Israel-Jordan gas export agreement 'soon': Noble Energy

Jordan used to receive around 10,000 barrels per day of crude oil from Iraq before Daesh militants controlled several parts in western Iraq, causing a complete halt to shipments. (Shutterstock)
May 26th, 2016 - 09:39 GMT

Iraqi-Jordanian oil pipeline construction to begin this year

During the event
May 26th, 2016 - 04:55 GMT

DEWA organises appreciation ceremony for strategic partners

Iran continues to stress that it has no plans to freeze the level of its oil production and exports. (File photo)
May 25th, 2016 - 04:17 GMT

Oil recovery to $65 a 'fair price' to encourage investment: Qatari minister

During the event
May 23rd, 2016 - 04:54 GMT

ADNOC launches new brand aligned with strategic focus of efficiency, performance, profitability and people

The cabinet is seeking to create conditions that will help enhance trust, expedite investments and encourage additional investments in the gas sector, including the entry of new investors. (File photo)
May 23rd, 2016 - 04:09 GMT

Israeli cabinet approves new natural gas development plan

Officials from Russia (L) and Egypt (R) sign an agreement to build Egypt's first nuclear power plant as Egyptian President Abdel Fattah al-Sisi (C) in November 2015. (Facebook)
May 22nd, 2016 - 11:00 GMT

Egypt approves $25B Russian loan for Dabaa nuclear power plant construction

Saudi has been pushing for a freeze deal since February so they needed to rely on stocks to meet any rise in customers’ demands at home and abroad while keeping their output flat. (File photo)
May 22nd, 2016 - 08:35 GMT

Saudi's oil stockpiles reach lowest level in 18 months as exports soar

Workers at the Leviathan gas field. (Noble Energy)
May 19th, 2016 - 01:40 GMT

Israel may halve Egypt's $1.7B fine for halted gas supply: Bloomberg

Jordan Atomic Energy Commission chairman insists that the nuclear program is vital to ensure diversity in the energy mix in the Kingdom, which has been dependent on imported fuel. (File photo)
May 19th, 2016 - 11:00 GMT

Jordan seeks funding for nuclear energy program expansion

Jordan's energy minister said that the project would create the necessary infrastructure for the interconnection with Saudi Arabia. (File photo)
May 19th, 2016 - 08:00 GMT

Electrifying: Jordan to link to GCC grid via Saudi Arabia

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