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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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The official said a U.S. delegation would head to the Middle East next week to encourage Gulf oil producers to ensure global oil supplies as Iran is cut out of the market as of November. (Shutterstock)
June 27th, 2018 - 10:46 GMT

US Pushing Allies to Stop Iran Oil Imports

Qatar currently produces 600,000 bpd in May, down from 620,000 bpd in April, according to the latest S&P Global Platts OPEC survey. (Shutterstock)
June 27th, 2018 - 09:28 GMT

Qatar Petroleum to Raise Oil Output by 30,000 bpd

Eni revealed almost three years ago that it had found one of the world’s biggest gas fields offshore, called Zohr. (AFP)
June 27th, 2018 - 07:21 GMT

Is Egypt About to Announce Another Big Gas Find?

Kirill Dmitriev, Chief Executive Officer of the Russian Direct Investment Fund, speaks during a session of the St. Petersburg International Economic Forum (SPIEF) in Russia on Monday. (Saudi Gazette)
June 26th, 2018 - 09:46 GMT

Saudi-Russian Oil Cooperation to Stabilize Market

The world’s biggest exporter is pumping 10 million barrels a day and has the capacity to produce two million more. (CPI Financial)
June 26th, 2018 - 08:45 GMT

Aramco CEO Pledges to Meet Oil Demand After OPEC Strikes a Deal

Compared to the UAE, prices in the Nordic states such as Norway and Sweden are higher by nearly 250 per cent and 220 per cent, respectively. (File/Photo)
June 25th, 2018 - 12:24 GMT

UAE Fuel Prices Among Lowest in the World

OPEC, Russia agree to raise output from July. (AFP)
June 24th, 2018 - 12:39 GMT

Saudi Arabia Pledges ‘Measurable’ Oil Supply Boost

There are different views on how much to increase production and whether such a move should be gradual. (Shutterstock)
June 21st, 2018 - 06:50 GMT

Saudi Arabia Struggles for Gulf Oil Producers' Support Ahead of OPEC Meeting

This year’s outlook is the first to highlight the huge impact that falling battery costs will have on the electricity mix over the coming decades. (Shutterstock)
June 21st, 2018 - 06:18 GMT

Batteries Boom Enables World to Get Half of Electricity From Wind and Solar by 2050

The 1,350 square-meter complex will provide customers with tire change, carwash, oil change, battery and brake replacement, and air condition repair services.
June 20th, 2018 - 10:16 GMT

ADNOC Distribution Expands Vehicle Inspection Facilities Across the UAE

The first Innovation Award was won by Empower for the “360° Solution for Metering Artificial Intelligence (AIMS 360°)”.
June 19th, 2018 - 11:57 GMT

Empower Receives Four Awards at Idea Annual Conference & Tradeshow 2018, at Vancouver, Canada

Erdogan replies to questions of Turkish youths in social media broadcast. (AFP)
June 19th, 2018 - 08:24 GMT

Turkey to Build Third Nuclear Power Plant: Erdogan

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