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Oil and Renewables

Oil and Renewables latest

Renewed US-Iran Tensions Lift Oil Prices as Investors Focus on Inflation Risks
July 15th, 2026 - 04:08 GMT

Renewed US-Iran Tensions Lift Oil Prices as Investors Focus on Inflation Risks

Renewed tensions between the US and Iran have pushed oil prices higher, bringing inflation risks back into focus for global investors, according to Lale Akoner, Global Market Strategist at eToro. While crude prices have risen amid concerns over slower traffic through the Strait of Hormuz, markets are not yet treating the situation as a full-scale oil supply crisis. Instead, investors appear to believe that energy supplies are becoming tighter, but not significantly disrupted. "Markets are pricing in higher geopolitical risk, but not a major supply shock," said Akoner. "Slower traffic ...
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70,000 barrels of crude oil have been sent down the pipeline to the Mediterranean Turkish port of Ceyhan. (File photo)
August 22nd, 2016 - 06:00 GMT

Oil flow from northern Iraq-Turkey pipeline resumes

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
August 21st, 2016 - 09:56 GMT

DEWA awards consultancy contract for 4th phase Aweer Power Station ‘H’

Thirty per cent of the $10 billion project will be financed equally by Jordan and Russia. (File photo)
August 21st, 2016 - 09:00 GMT

A nuclear Jordan by 2025? Kingdom seeking funding for first nuclear power plant

Subsidising electricity generated from oil and gas has made potential growth in the renewable energy sector falter. (Shutterstock)
August 18th, 2016 - 09:00 GMT

Egypt electricity price hikes: A bitter pill to swallow

Mauritania solar network
August 17th, 2016 - 07:29 GMT

Masdar passes 50% milestone on Mauritania solar network

The estimated cost of drilling one well in Zohr concession in the Mediterranean Sea’s deep water is roughly $100m. (File photo)
August 17th, 2016 - 04:00 GMT

Egypt: Eni investment in Zohr gas plant reaches $3.5B

From the visit
August 17th, 2016 - 03:40 GMT

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA visits Mohammed bin Rashid Al Maktoum Solar Park to follow up with project implementation

An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran's refusal to take part of the initiative. (Shutterstock)
August 16th, 2016 - 01:17 GMT

Oil prices hit five-week high but skepticism remains over OPEC meeting

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
August 16th, 2016 - 05:14 GMT

DEWA awards construction contract for 400 kV power transformer at Hassyan Clean Coal Power Plant

Saudi-Russian bilateral cooperation was not only focused on oil prices, but also on promoting renewable energy, nuclear energy, nuclear medicine and radio-logic technology. (AFP/File)
August 15th, 2016 - 01:21 GMT

Russia warms to discussions with Saudi Arabia ahead of OPEC meeting in Algeria

Many of the companies looking at Eni's Zohr are either already active in Egypt or have recently landed bordering acreage in Cyprus, such as Exxon Mobil and Total.  (Eni)
August 14th, 2016 - 09:00 GMT

Eni mulls sale of 20 percent stake in Egypt's giant Zohr gas field

During the event
August 14th, 2016 - 05:32 GMT

EQUATE & Faculty of Dentistry at Kuwait University discuss cooperation

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