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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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The GCC's savings from increased fuel prices will likely be small - an average of 0.5 per cent of GDP across GCC countries in 2016. (File photo)
February 18th, 2016 - 12:00 GMT

GCC needs more than fuel subsidy reforms: Moody's

Al Bawaba
February 18th, 2016 - 07:00 GMT

Oil rallies following Tehran meeting, but Iran stays cool on freeze plans

During the event
February 18th, 2016 - 04:40 GMT

DEWA organises Al Namoos workshop for consultants and contractors

A view inside Masdar City. (Ali Haider/EPA)
February 17th, 2016 - 01:16 GMT

From city of the future to ghost town: what's left of Masdar the green city in the UAE desert?

During the event
February 17th, 2016 - 10:43 GMT

EQUATE & Gulf Cryo Official inaugurate Kuwait’s 1st CO2 plant under the patronage of the Minister of Commerce & Industry titled “Partners Towards A Clean Environment”

The agreement would have allowed stakes in Israel's biggest gas fields, Tamar and Leviathan. (Twitter)
February 17th, 2016 - 07:44 GMT

Has the natural gas deal between Jordan and Israel gone up in smoke?

An oil refinery draws out the skyline. (Twitter)
February 17th, 2016 - 05:36 GMT

Scraping the barrel? Kuwait Petrol seeks loan for $10 billion

Jordan is classified as an energy-intensive country as its energy consumption is high even when compared to industrial countries. (File photo)
February 16th, 2016 - 10:00 GMT

Renewable energy projects welcomed in Jordan

The drop from $120 per barrel in 2014 to under $35 today is the result of a 2% change in the supply-demand balance. (File photo)
February 16th, 2016 - 08:30 GMT

Oil prices on the brink, could drop below sustainable levels

The Khazzan reservoirs have the potential to be a major new supply of gas for Oman. (Shutterstock)
February 15th, 2016 - 07:00 GMT

BP to develop next phase of Oman's Khazzan gas field

Employees work at the Siba oil field from Egypt's state-owned Petrojet in southern Iraq, 30 kilometers south of Basra, on February 5, 2016. (AFP/Haidar Mohammed Ali)
February 14th, 2016 - 09:00 GMT

How to save the oil industry from itself

EQUATE President & CEO Mohammad Husain
February 14th, 2016 - 05:25 GMT

EQUATE realizes USD 739 million net profit in 2015

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