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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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Iran will stand firm against threats by the US over oil shipments. (Shutterstock)
August 9th, 2018 - 08:35 GMT

Iran to Continue Oil Exports Regardless of US Threats

Saudi Arabia is selecting finalists from five countries — the US, China, Russia, France and South Korea. (Shutterstock)
August 5th, 2018 - 11:14 GMT

Saudi Arabia Paves Its Path to Nuclear Power

Saudi Arabia has restarted shipping through the Bab al-Mandab strait off the coast of Yemen, following its week-long closure after a Houthi attack. (Shutterstock)
August 5th, 2018 - 08:29 GMT

Saudi Arabia Resumes Oil Shipments Through Red Sea

A new report predicts that regional economies will have weaned themselves off oil by 2050. (Shutterstock)
August 2nd, 2018 - 11:20 GMT

Study: GCC to Break Free From Hydrocarbons by 2050

Prices had been reduced for the month of July. (Shutterstock)
August 1st, 2018 - 04:47 GMT

New Petrol Prices for August in UAE

In early July, the government announced its mechanisms of pricing fuel derivatives and indicated that it generated JD854 million in 2017, representing 13 per cent of last year's local revenues, from taxes and fees imposed on fuel derivatives. (Shutterstock)
July 29th, 2018 - 09:50 GMT

Reasons Behind High Taxes on Fuel in Jordan

EMGAS announces change to LPG cylinder seals
July 29th, 2018 - 09:22 GMT

EMGAS & Emarat Announce New LPG Cylinder Seals in Dubai to Ensure Best-In-Class Quality and Safety Assurance

The Minister indicated that Saudi Arabia is temporarily halting all oil shipments through Bab-El-Mandeb Strait until the situation becomes clearer. (Shutterstock)
July 26th, 2018 - 08:12 GMT

Saudi Arabia Halts Oil Shipments Through Red Sea After Houthi Attacks

Iraq exported about 625 million barrels of oil during the first half of the year, compared with 592 million barrels over the same period in 2017. (Shutterstock)
July 25th, 2018 - 11:25 GMT

Iraqi Oil Exports Increase Despite the Unsettled Situation in Basra

This is due to US withdrawal from the Iran nuclear deal and US President Donald Trump’s determination to bring Iran’s oil exports to a standstill. (Pexels)
July 24th, 2018 - 11:52 GMT

Crude Oil Markets to Face Fluctuating Prices

During the opening ceremony
July 23rd, 2018 - 09:56 GMT

ENOC Opens New Service Station in Al Barsha

The kingdom's total crude supply to the market in June were even higher than well-head production. (Shutterstock)
July 22nd, 2018 - 08:36 GMT

Saudi Arabia to Drop Crude Oil Exports by Approximately 100,000 bpd

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