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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 price of oil recently hit $80 a barrel but the price retreated to $77 a barrel on May 26 after Saudi Arabia and Russia said they were ready to ease supply curbs. (Shutterstock)
June 4th, 2018 - 09:41 GMT

Oil Price Uncertainty Becomes Major Budget Concern for Egypt

With the rise in oil prices, normal household budgets are set to rise, but the economy will generate more jobs and attract more investment, say experts. (Shutterstock)
June 4th, 2018 - 08:37 GMT

Inflation to Rise Alongside Oil Prices in UAE

Manama rises from its 17th rank in the purchase power index of 2015. (Shutterstock)
May 31st, 2018 - 07:52 GMT

Manama Broke Into the Top 10 Cities in Purchasing Power Globally

Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday, 2 June, to discuss OPEC matters. (Shutterstock)
May 30th, 2018 - 10:38 GMT

Saudi, Kuwait and UAE Plan Meeting on OPEC

The country signed its first offshore oil and gas exploration and production agreement for two of Lebanon’s 10 offshore blocks on Feb. 9, 2018. (Shutterstock)
May 30th, 2018 - 10:18 GMT

First Phase of Lebanon Oil Exploration Set to Begin This Week

Prices of petrol have been increased by 14 fils a litre. (Shutterstock)
May 29th, 2018 - 06:45 GMT

Petrol Prices Reach Highest Levels Next Month in UAE

Precious metals, led by gold, have recently been caught in the crosshairs of a rising dollar and US 10-year bond yields climbing through the psychological 3% level. (File Photo)
May 28th, 2018 - 12:00 GMT

Gold Bounces Back to $1,300/Oz as Oil Rally Runs out of Steam

EMGAS to kick-off Ramadan charity campaign with Bait Al Khair.
May 28th, 2018 - 08:55 GMT

Emirates Gas to Kick-Off Ramadan Charity Campaign With Beit Al Khair Society

The Aramco IPO would be a once-in-a-generation event for financial markets. (File Photo)
May 27th, 2018 - 09:26 GMT

Saudi Minister Al-Falih Says Aramco IPO Likely in 2019

The Sultanate's production of crude oil and condensates till the end of April 2018 stood at 116,065,000 barrels. (Shutterstock)
May 27th, 2018 - 06:48 GMT

Omani Crude Oil Price Rises 22 Percent Till April 2018

Ahmed Bin Shafar, CEO of Empower
May 22nd, 2018 - 10:12 GMT

Empower Takes Part in the 4th Annual Meeting of UN Environment’s Global ‘District Energy in Cities’ Initiative in Copenhagen

Geopolitical shocks have been a recurrent theme in the international oil market. (Shutterstock)
May 21st, 2018 - 07:52 GMT

Is the Oil Market About to Endure a Rough Ride?

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