Tag: Oil

Oil prices hike ahead of OPEC meeting after large production cuts expectations

Brent increased by $0.75 to $61.57, WTI up by $0.65 to $56.75

Daily News Egypt

Leopard: everything must change so everything can stay the same?  

The great Italian writer Lampedusa has his central character Prince Tancredi articulate…

Daily News Egypt

Shell close to finalising sale of its oil assets in Western Desert

The company intends to progress in maritime tenders to expand its business,…

Mohamed Adel

Egypt aims to increase oil exports revenues to $8.5bn in FY 2019/20

Quantities include the foreign partner's share at an average price of $55…

Abdel Razek Al-Shuwekhi

Oil prices plunged to $59.12 per barrel on the back of increased US stockpiles

Decline in global demand for oil threatens to OPEC's plans to cut…

Mohamed Adel

Two missiles hit Iranian oil tanker near Saudi port

The Iranian government vows to take a ‘proper response’

Bassant Mohammed

KSA’s GDP is currently 40% reliant on oil exports: Colliers International 

SAR 61.4bn, estimated size of relevant entertainment market in the Kingdom by…

Nehal Samir

Government stabilises fuel prices as hedging contracts defy oil fluctuations

A government source told Daily News Egypt that the government has fixed…

Mohamed Adel

Egypt targets 3.8% growth in oil, condensates production in FY 2019/20

Refining 3.6m tonnes of crude oil, gas production increases to 51.1m tonnes,…

Abdel Razek Al-Shuwekhi

Oil loses $5 a barrel after Aramco’s announcement of restoring full production

Market to face oil glut in coming period, prices to fall under…

Mohamed Adel