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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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Up to fifteen oil producing countries, which produce 73 percent of the world's oil, are prepared to freeze their oil production. (File photo)
March 10th, 2016 - 08:00 GMT

Russia to hold oil production-freeze talks late March

In January 2016 Iraq exported an average of 3.88 million barrels a day, including exports from Iraqi Kurdistan. (File photo)
March 10th, 2016 - 05:00 GMT

Iraq is the third largest market for infrastructure projects in the GCC

Saudi Aramco recently announced the possibility of an initial public offering in the future. (File photo)
March 9th, 2016 - 01:37 GMT

Saudi Aramco to ramp up production over next ten years

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
March 8th, 2016 - 11:44 GMT

Message of HE Saeed Mohammed Al Tayer, MD & CEO of DEWA on International Women’s Day

Production levels at refineries and petroleum plants producing automobile fuels in Oman dropped by 11.6 per cent in 2015. (File photo)
March 8th, 2016 - 07:30 GMT

Oman: Fuel price revision prompts changes in consumer behaviour

ROSATOM
March 7th, 2016 - 10:00 GMT

Russia and Algeria discussed further cooperation in the peaceful use of nuclear power

Last month, Russia's Lukoil, Spain’s Cepsa and France's Total shipped the first oil cargoes from Iran for Europe since the removal of sanctions. (Wikimedia Commons)
March 7th, 2016 - 08:00 GMT

Iran on standby to resume pipeline oil shipments to Egypt

Gaza Strip residents have no electricity for 16 hours a day due to limited fuel and capacity. (AFP/Mohamed Abed)
March 6th, 2016 - 06:00 GMT

Israel's energy ministry opens talks for Leviathan gas imports to Gaza

During the event
March 6th, 2016 - 05:19 GMT

EQUATE sponsors Firemen’s Day Festival 2016

During the event
March 3rd, 2016 - 09:52 GMT

EQUATE sponsors GPCA Research & Innovation Summit 2016

Zora is Dana Gas' first development project in the UAE. (Sharjah update)
March 2nd, 2016 - 02:00 GMT

Dana Gas fires up Zora gas field production

The Saudi Cabinet of Ministers met Monday in Riyadh to review market sentiments expressed last week at an international energy conference in Houston. (File photo)
March 1st, 2016 - 01:00 GMT

Oil inches up on Saudi pledge but Iran production casts a shadow

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