Tue, 21-Oct-2025

Oil declines more than $1 as the G7 discusses the Iran nuclear agreement

Oil

Brent crude falls $1.42, or 1.3%, to $111.70 a barrel by 0010 GMT after rebounding 2.8% on Friday. U.S. West Texas Intermediate crude was at $106.08 a barrel, down 1.4%, following a 3.2% gain in the previous session. Oil costs slipped more than $1 a barrel on Monday as worldwide monetary worries discouraged the oil … Read more

China advances renewable energy projects

DUBAI: China said that it would increase wind and solar power capacity to more than 1,200 gigawatts and increase non-fossil fuels to 25 per cent of the primary energy use, Arab News reported. A practical move in anticipation of COP26, where world leaders will discuss policies to fight climate change, China has begun building major wind and … Read more