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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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Fuel prices were hiked last month as well. (Shutterstock)
March 29th, 2019 - 06:00 GMT

UAE Rises Petrol Prices for April

The lower house of the Jordanian legislature does not have the power to cancel the deal. (Shutterstock)
March 28th, 2019 - 12:07 GMT

Jordan Votes Against Israel Gas Deal

Together, China, the US and India accounted for nearly 70 per cent of the rise in energy demand around the world, stated the Global Energy & CO2 Status Report released by IEA today (March 27). (Shutterstock)
March 28th, 2019 - 09:51 GMT

Report: Global Energy Demand Hits Fastest Pace in a Decade

Saudi Aramco’s planned initial public offering (IPO) is set to be the biggest in history — and so requires some equally historic moves in preparing for the share sale. (Shutterstock)
March 28th, 2019 - 08:54 GMT

Saudi Aramco’s Acquisition of 70 Percent Stake in SABIC Paves Way for IPO

A Department of Energy official said the requests contained proprietary information and that the authorisations went through a multi-agency approval process. (Shutterstock)
March 28th, 2019 - 08:20 GMT

US Approves Selling Secret Nuclear Power Technology for Saudi Arabia

Four key technology trends are playing a big role in shaping companies’ strategies for delivering growth amid today’s pervasive change. (Shutterstock)
March 28th, 2019 - 08:12 GMT

4 Technology Trends in Oil and Gas for 2019

Imran Khan. (Shutterstock)
March 26th, 2019 - 12:32 GMT

Imran Khan: Asia’s Largest Oil, Gas Reserves May Soon Be Found Near Karachi

Export of Iranian gas to Iraq, Armenia and Republic of Azerbaijan is underway within the framework of the provisions as stipulated in the contract. (Shutterstock)
March 26th, 2019 - 09:31 GMT

Turkey to Boost Gas Import From Iran

U.S. Crude Oil WTI Futures fell 0.8% to $58.56 by 1:00 AM ET (05:00 GMT). International Brent Oil Futures was down 0.7% to $66.31. (Shutterstock)
March 25th, 2019 - 12:22 GMT

Oil Prices Slip Amid Concerns on Global Economic Slowdown

As per the deal, 600 MW will be offered by the Office of Renewable Energy Projects Development (Repdo) in a public competition. (Shutterstock)
March 25th, 2019 - 09:13 GMT

Saudi Arabia to Float Tenders for Solar Project in Makkah

The Mohammad bin Rashid Al Maktoum Solar Park is the largest single-site solar energy project in the world. (Shutterstock)
March 24th, 2019 - 09:31 GMT

UAE to Spend $163 Billion on Sustainable Energy

Some 60-70% of the Gulf kingdom’s revenues are derived from oil and gas sales, so a doubling of its energy-related earnings would greatly bolster Bahrain’s fragile economy. (Shutterstock)
March 24th, 2019 - 08:57 GMT

Bahrain Ready to Develop Giant Oil, Gas Field

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