Crude oil price rise to $70.16 on back of OPEC cuts
Brent crude rose by 5 cents, or 0.1%, to $70.16 a barrel,…
Egypt aims to increase fuel prices by about 25% in June
Country imports around 35% of domestic consumption of petroleum, says industry source
Oil prices hit $67 per barrel, driven by production cuts
OPEC seeks extending production cuts until April’s meeting
Western Desert produces 60% of Egypt’s crude oil: El-Molla
Minister called on foreign oil companies to intensify exploration efforts in region
Egypt’s crude oil reserves down 25% since 2015
1bn barrels of oil consumed domestically during last three years: source
Increased crude oil production after OPEC’s decision supports energy market stability: experts
A number of oil and energy experts confirmed that the increase in…
Egypt’s crude oil production to reach 661,000 bpd by March
Achieving oil self-sufficiency is real accomplishment, not importing, says Ezz El Regal
81.5% of world’s proven crude oil reserves located in OPEC member countries
Middle Eastern countries contributed to the majority, 65.5%, of the Organisation of…
Petroleum Ministry to repay part of its dues to foreign partners in May
The ministry will complete the repayment of its dues after receiving the…
Oil prices expected to maintain $40-$60 per barrel range, medium term: Moody’s
GCC countries will continue to struggle with economic, financial, and foreign challenges,…
