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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 prices have fallen by a quarter since June as excess supply and weaker demand create a glut on world markets.
October 27th, 2014 - 05:51 GMT

Staying positive: Gulf countries 'upbeat' despite oil price crash

These large differences will be translated in Lebanon – as a result of current draft laws – to losses much higher than the $14 billion resulting from the discounts in royalties.
October 26th, 2014 - 02:20 GMT

Disturbing questions loom over Lebanon's 'secret' oil negotiations

With markets faltering, most Gulf Arab crude producers today however, can bank upon the cushion of significant reserves
October 26th, 2014 - 01:57 GMT

As uncertainty rules, the only certainty is that OPEC's upcoming meeting will be a game changer

Oil prices had an impact on SABIC’s earnings through the prices of raw materials and final products
October 26th, 2014 - 01:38 GMT

The power of wishful thinking: Saudi SABIC's CEO says oil price downfall is 'temporary', despite profit slide

Supply to the market – both domestically and for exports – may differ from production depending on the movement of barrels in and out of storage.
October 26th, 2014 - 04:55 GMT

Saudi Arabia's new oil tactic? Produce more, supply less

Al Bawaba
October 23rd, 2014 - 03:55 GMT

An identity crisis? Khamenei denounces Iran's oil reliance

Al Bawaba
October 22nd, 2014 - 11:45 GMT

Kuwait Energy announces discovery at Abu Sennan, Egypt

Al Bawaba
October 22nd, 2014 - 06:26 GMT

Emarat takes 20 fils off diesel price

Fuel prices in Jordan are “expensive” and do not match the average income of the majority of people, Majali said.
October 21st, 2014 - 09:47 GMT

Warmer winter, warmer state-society relationship? Jordanians brace themselves for 'substantially' lower fuel prices

can cover the country’s needs for around 275 years, according to Khaled Shraideh.
October 21st, 2014 - 09:29 GMT

Myth or reality? 'Oil shale reserves can cover Jordan's needs for 275 years'

Al Bawaba
October 21st, 2014 - 08:12 GMT

A global oil giant lost: Total CEO dies in drunkdriving Moscow runway collision

Al Bawaba
October 21st, 2014 - 07:53 GMT

DEWA completes transmission substations projects

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