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Oil and Renewables

Oil and Renewables latest

Oil rises as gold drops
June 15th, 2026 - 06:13 GMT
P. Choiaqo

P. Choiaqo

Gold surges 2% and oil tumbles down 4% as US-Iran war comes to a close

ALBAWABA - After the peace deal between the US and Iran was announced, oil, which had been steadily decreasing, started dropping in earnest in anticipation of the deal between the two warring nations being signed in Geneva, Switzerland, on Friday. This eased concerns regarding inflation and interest rate hikes, allowing gold to surge 2 percent since this morning. After a lot of tumult and turbulence, it seems that the fear-driven ...
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Oil analysts said the OPEC decision left the oil market vulnerable to much bigger falls as abundant supply of high quality,
November 30th, 2014 - 05:55 GMT

Oil prices take another nosedive after OPEC's dubious decision

Terminating the third tranche will save the Treasury around JD70 million as the government allocated JD210 million in direct cash compensation for fuel this year.
November 30th, 2014 - 04:55 GMT

Seizing the moment: Jordan cancels third tranche of fuel compensation after oil price collapse

"The power of convincing will prevail tomorrow... I am confident that OPEC is capable of taking a very unified position," Naimi said
November 27th, 2014 - 12:30 GMT

A consensus to fight over market share: OPEC heads towards no ouput cut

Al Bawaba
November 27th, 2014 - 09:55 GMT

ENOC celebrates 43rd UAE National Day with colourful showcase of Emirati culture

Venezuela, a noted price hawk, would try for an output agreement within OPEC on Thursday instead.
November 26th, 2014 - 07:28 GMT

The pretext to a vicious supply game? OPEC's major oil powers fail to reach 'impromptu' agreement on output

if Opec wants to do a quick fix it could agree on a sharp reduction in output until a balance between supply and demand has been re-established.
November 26th, 2014 - 12:17 GMT

To cut or not to cut: OPEC's existential question


Key will be what the club's biggest producer and exporter Saudi Arabia decides.
November 26th, 2014 - 12:09 GMT

Oil sinks below $80 as signs of output cut fade

The firm will be charged with "corruption of foreign public officials",  in a case that dates back some 20 years.
November 26th, 2014 - 11:33 GMT

Totally messed up: Total to finally face charges over bribing Iranian officials

Al Bawaba
November 26th, 2014 - 10:12 GMT

DEWA organises 4th Creativity and Innovation Conference

Al Bawaba
November 25th, 2014 - 09:20 GMT

Sanctions, oil prices cost Russian economy $140 billion a year

Al Bawaba
November 24th, 2014 - 05:19 GMT

ENOC opens third ZOOM outlet in Dubai Healthcare City

There has been a diversity of opinion expressed in public statements by oil ministers,
November 23rd, 2014 - 01:26 GMT

With everything at stake, OPEC keeps everyone guessing its next output move

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