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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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AI progression is driving an energy crisis, experts warn
July 28th, 2024 - 09:04 GMT

AI progression is driving an energy crisis, experts warn

Oman is constructing a new liquefied natural gas train to increase production
July 28th, 2024 - 07:56 GMT
Reema Tuqan

Oman to construct new liquefied natural gas train to increase production

Saudi Arabia resumes importing fuel oil from Kuwait after two years
July 26th, 2024 - 10:03 GMT
Reema Tuqan

Saudi Arabia resumes importing fuel oil from Kuwait after two years

KSA: non-oil exports hit $7.70B, highest level in 2 years
July 25th, 2024 - 07:34 GMT
Reema Tuqan

KSA: non-oil exports hit $7.70B, highest level in 2 years

Oil prices drop globally; China’s demand is a big concern
July 25th, 2024 - 06:03 GMT
Reema Tuqan

Oil prices drop globally; China’s demand is a big concern

electricity demand
July 22nd, 2024 - 10:12 GMT

Global electricity demand to grow at faster pace in nearly two decades

Tehran denies news of Iranian oil on Chinese tankers collided near Singapore
July 20th, 2024 - 12:34 GMT
Reema Tuqan

Tehran denies news of Iranian oil on Chinese tankers collided near Singapore

UAE government announces establishing a second nuclear power plant
July 18th, 2024 - 08:09 GMT
Reema Tuqan

UAE announces establishing a second nuclear power plant

Egypt
July 17th, 2024 - 10:12 GMT

Egypt to invest $1.2bn in drilling 110 exploratory wells

China
July 16th, 2024 - 07:50 GMT

Oil prices tumble as demand worries in China

Egypt plans to drill 586 wells to explore oil and gas
July 15th, 2024 - 08:19 GMT
Reema Tuqan

Egypt plans to drill 586 wells to explore oil and gas

Kuwait reveals massive Oil and Gas discovery on Failaka Island
July 14th, 2024 - 08:45 GMT

Kuwait reveals massive Oil and Gas discovery on Failaka Island

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