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" BP"

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11/27/2022 12:00:56 PM
The CBE’s 200 bps policy rate hike aligned with our previously announced expectations of a 200 bps interest rate increase before year-end, which should help contain inflation, which reached 15.0% in September, and makes carry-trade more attractive.

Business - Economy
10/27/2022 1:41:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has raised the key interest rates in an unscheduled meeting by two percent (200 bps) to reach 13.25 percent, 14.25 percent, 13.75 percent, and 13.57 percent for the overnight deposit rate, the overnight lending rate, the rate of the main operation, and the discount rate, respectively.

Business - Energy
1/3/2022 1:01:42 PM
Egypt awarded eight oil exploration blocks to oil giants Eni, British Petroleum, Apex International, Energy Egypt, United Energy, Enap Sipetrol, and Ina, the Ministry of Petroleum and Mineral Resources announced on Monday.

World - International
7/10/2021 6:36:35 PM
G20 finance ministers gave their backing to a "historic" global deal to tax multinational companies more fairly and urged hold-out countries to sign up

World - International
4/29/2021 10:31:32 AM
The struggle in India will slash an extra 575,000 barrels per day (bpd) of oil liquids demand in April and 915,000 bpd in May 2021, disturbing the almost-balanced global oil market

World - Region
3/3/2021 5:18:55 PM
The market had been widely expecting OPEC+ to ease production cuts, which have been the deepest ever, by around 0.5 million barrels per day (bpd) from April

World - Region
1/24/2021 10:37:46 AM
Libya's is now producing 1,224 million barrels per day (bpd) -- a tenfold increase from a 121,000 bpd average in the third quarter of 2020, before the ceasefire deal

World - Region
11/11/2020 12:27:24 PM
Iran's oil exports have shrunk from more than 2.5 million bpd since the United States withdrew from a nuclear deal with Iran 2018 and reimposed sanctions

Business - Economy
10/13/2020 5:02:46 PM
Oil prices declined by 60 percent between February and April 2020 as the pandemic led to a collapse in global oil demand and concerns about storage capacity

World - Region
10/11/2020 12:21:10 PM
Total Libyan oil output will reach 355,000 bpd on Monday, the source added

Business - Economy
9/24/2020 10:49:20 PM

World - Region
9/22/2020 1:45:55 PM
Libya produced around 1.2 million bpd over 1% of global production before the blockade, which slashed the OPEC member's output to around 100,000 bpd

Business - Economy
9/16/2020 12:55:09 PM
This new discovery is located in 16 meters of water depth, 5 km from the coast and 4 km north from the Nooros field, discovered in July 2015

World - Region
8/29/2020 8:59:43 PM

Business - Economy
7/28/2020 11:11:00 PM

World - Region
5/11/2020 5:09:24 PM

Business - Economy
5/11/2020 3:49:11 PM
Global oil demand has slumped by about 30% as the coronavirus pandemic has curtailed movement across the world

Business - Economy
3/8/2020 11:16:40 AM

Business - Economy
2/15/2020 1:10:56 PM
The five companies are Royal Dutch Shell, Chevron , BP, Total and Exxon Mobil, the petroleum minister said

Business -
2/11/2020 9:06:10 PM

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