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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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Dubai is aiming to generate 7 percent of its total power from clean energy sources in the next four years, 25 percent by 2030 and 75 per cent by 2050. (File photo)
June 28th, 2016 - 06:00 GMT

Masdar seeks $800M loan for third phase of Dubai solar park

Over the past ten years, Jordan has witnessed a rising demand on electricity that ranged between 5-7 percent annually.
June 27th, 2016 - 12:00 GMT

Jordan, Saudi Arabia to cooperate on nuclear energy

US company Noble Energy currently owns 36 percent of the rights in the Tamar gas reservoir. (File photo)
June 27th, 2016 - 06:00 GMT

Harel seeks purchase of Noble Energy stakes in Tamar gas reservoir

The agreements were supported by the Central Bank of Jordan (CBJ) which allows banks to use money allocated to the energy sector against low interest rates when funding programmes implemented by the fund.  (Shutterstock)
June 26th, 2016 - 11:30 GMT

Jordan renewable energy projects get support from fund, banks

Saudi King Salman bin Abdulaziz Al-Saud had earlier issued a decree to secure Egypt’s needs of petroleum over the next five years. (File photo)
June 26th, 2016 - 07:43 GMT

Egypt: $650M in fuel products received from Saudi Arabia in May and June

For the British energy sector, Oil & Gas U.K. said in a statement the industry is "at a critical juncture."  (Shutterstock)
June 26th, 2016 - 05:00 GMT

Oil prices suffer one of worst slides in recent history following Brexit vote

For Schlumberger, the deal follows more than a year of lackluster momentum in the side of the energy sector it services. (Schlumberger)
June 22nd, 2016 - 06:30 GMT

Egypt: Schlumberger secures $170M Zohr gas field contract

During the award ceremony
June 21st, 2016 - 10:24 GMT

DEWA wins Training Initiative of the Year Award 2016 from Emirates Green Building Council

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
June 21st, 2016 - 04:53 GMT

43 children graduate from DEWA nurseries in 2016

Rumaila, one of the world's largest oil fields, began production in 1954. (Iraqenergy.org)
June 20th, 2016 - 11:00 GMT

Amec Foster Wheeler lands BP Iraq oil field contract

Milaha said it expects the deal to be completed in Q4 2016. (File photo)
June 20th, 2016 - 07:00 GMT

Qatar Navigation's Milaha to buy stake in Al Shaheen Energy Services

During the event
June 20th, 2016 - 05:27 GMT

DEWA hosts Ramadan activities at Reading is Positive Energy exhibition

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