Tag: Oil

Oil prices slip amid multiple headwinds

West Texas Intermediate for September delivery settled at $41.07 a barrel, while…

Xinhua Xinhua

US crude oil production increases last week: EIA

US crude oil imports and exports both increased during the week ending…

Xinhua Xinhua

Oil prices climb amid demand hopes

Meanwhile, Brent crude oil for September delivery advanced 1.04 dollars to close…

Xinhua Xinhua

Egypt calls on UNSC to address oil spill risks off Yemen coast 

Catastrophic environmental, economic impacts expected if tanker explodes 

Daily News Egypt Daily News Egypt

Global oil demand to record historic growth in 2021: OPEC

While oil demand is still ravaged by COVID-19 crisis, gradual stabilization is…

Xinhua Xinhua

Moody’s expects prolonged depression in oil prices

Brent to average $35/bbl in 2020 and $45/bbl in 2021, Moody’s projects

Shaimaa Al-Aees Shaimaa Al-Aees

Oil prices climb after Saudi Arabia pledges further output cuts

Oil prices have recently been boosted not only by hopes that demand…

Xinhua Xinhua

Steel markets further hit following COVID-19, oil slump

Sector’s preliminary recovery also hindered following bad 2019, local market dynamics provide…

Daily News Egypt Daily News Egypt

US oil will not have impact Saudi economy: Saudi Experts

Oil market will improve after production reduction in line with OPEC plus…

Sarah El-Sheikh Sarah El-Sheikh

US oil plummets below zero for first time, Brent declines to $26 a barrel

Decline proves market is not convinced by OPEC cuts, says former petroleum…

Mohamed Adel Mohamed Adel