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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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OPEC opened the flood gates this summer by increasing crude oil production by 278,000 barrels a day from July to August. (Shutterstock)
September 13th, 2018 - 07:09 GMT

OPEC Ups Production to 278,000 Barrels a Day

This long-term supply agreement is the first QPSPP naphtha feedstock sale to an end-user in India, highlighting QPSPP push for more direct sales with established end-users. (Shutterstock)
September 13th, 2018 - 06:21 GMT

Qatar to Supply India With 600,000 Tonnes of Naphtha Over 3-Year Deal

Turkish Petroleum Corporation to make investments in Sudan worth $100 million, says agriculture and forestry minister. (Shutterstock)
September 12th, 2018 - 06:47 GMT

Turkey, Sudan Ink Deals Worth $100 Million on Oil Exploration and Agriculture

Despite the lower purchases, Iran remained the third biggest oil supplier to India in August, the data showed. (Shutterstock)
September 12th, 2018 - 06:26 GMT

Iraq Ahead of Saudi Arabia as Top Oil Supplier to India

Ahmad Bin Shafar, CEO of Empower
September 11th, 2018 - 09:53 GMT

Empower’s ‘24⁰C Cool’ Campaign Marks 4.6 Percent Reduction in Consumption in Second Month

Qatar is preparing to speed up the growth of its natural gas sector by 30 percent. (Shutterstock)
September 9th, 2018 - 08:10 GMT

Qatar to Expand Gas Sector by 30 Percent to Meet Vision 2030

South Sudan seceded from Sudan in 2011 when output peaked at 350,000 bpd. (Shutterstock)
September 6th, 2018 - 09:34 GMT

South Sudan Oil Output to Reach 350,000 Bpd by Mid-2019

Ahmad Bin Shafar, CEO of Empower
September 2nd, 2018 - 11:54 GMT

Empower Completes Dh60 Million Expansion of DIFC Cooling Plant

Oman Oil Marketing Company - Road Safety Village.
September 2nd, 2018 - 11:18 GMT

Oman Oil Marketing Company Launches Road Safety Awareness Village

Ahmad Bin Shafar, CEO of Empower.
August 29th, 2018 - 11:15 GMT

Empower Gears up to Host 8th Idea District Cooling Conference & Tradeshow 2018 in Dubai

The King was advised that the IPO would undermine the Kingdom’s economy instead of helping it and their main concern was that it would bring full public disclosure of Aramco’s financial details. (AFP)
August 29th, 2018 - 10:37 GMT

Saudi Arabia Calls off Aramco IPO Plans

Prices had gone up in the month of August as well, compared to the previous month. (Shutterstock)
August 29th, 2018 - 10:27 GMT

Petrol Prices to Rise in UAE Starting September

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