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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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Both companies have reiterated their commitment to their investment in the regional Shaikan area. (Shutterstock)
January 12th, 2016 - 09:00 GMT

Hungary's MOL divest stake in Kurdish oil field

In addition to the EMG conflict, the gas export deal also faces hurdles within the Egyptian government. (File photo)
January 12th, 2016 - 05:45 GMT

Hot air hurdles: EMG denials put Israel gas exports to Egypt in question

Al Bawaba
January 11th, 2016 - 08:31 GMT

Omanoil donates OMR 15,000 to the Omani association for elderly friends

Al Bawaba
January 10th, 2016 - 03:00 GMT

Green future up for grabs: Egypt unveils $6B in renewable energy investments

Al Bawaba
January 10th, 2016 - 05:32 GMT

Strike oil: news of possible Saudi Aramco sale rocks the energy world

Al Bawaba
January 10th, 2016 - 05:08 GMT

Middle East tensions fail to drive up oil prices

Al Bawaba
January 7th, 2016 - 05:07 GMT

As oil prices drop to new low, UAE stocks suffer

During the workshop
January 7th, 2016 - 06:01 GMT

DEWA organises workshops for government bodies about smart applications

Al Bawaba
January 6th, 2016 - 09:27 GMT

How low can oil go? Oil prices slump to 11 year low

His Excellency Abdulla Nasser Al Suwaidi, CEO of Abu Dhabi National Oil Company (ADNOC) and Abdulla Salem Al Dhaheri, CEO of ADNOC Distribution during the inauguration of Rabdan service station
January 6th, 2016 - 10:29 GMT

ADNOC Distribution opens Rabdan Service Station in Abu Dhabi’s Mushrif area

The Zohr natural gas field was discovered in the Mediterranean Sea in August by Italian oil company Eni. (File photo)
January 6th, 2016 - 07:00 GMT

Egypt's newly-discovered Zohr gas field to start production in 2017

Al Bawaba
January 5th, 2016 - 01:18 GMT

Kuwait to supply Egypt with $1.2B of crude oil, solar and jet fuel supplies annually

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