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World
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Region
9/3/2024 12:50:01 PM
The United Nations said it held talks Monday with rival powers in Libya over the country's central bank crisis which has threatened vital oil income.
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World
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Region
9/3/2024 11:10:36 AM
A rescue mission was underway Monday for an oil tanker still ablaze after being attacked by Houthi rebels off the coast of Yemen last month, according to US Central Command.
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World
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Africa
9/2/2024 2:08:17 PM
A massive oil project in Uganda co-owned by French group TotalEnergies and China's CNOOC is mired in reports of sexual violence, forced evictions and environmental damage, climate activists said Monday.
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World
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Region
8/29/2024 10:21:18 PM
Yemen's Houthi rebels released footage on Thursday showing their fighters boarded and placed explosives on a Greek-flagged tanker, setting off blasts that put the Red Sea at risk of a major oil spill. The vessel was abandoned earlier after the Houthis repeatedly attacked it.
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Business
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Economy
8/29/2024 8:38:43 PM
Egypt will invest EGP 12 billion in establishing its first green industrial complex in the industrial zone of New Alamein, according to Chairman and CEO of Integrated Environmental Technologies and Oil Services (IETOS) Hazem Gaber.
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World
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Region
8/29/2024 11:20:12 AM
Yemen’s Houthi rebels have agreed to allow tugboats and rescue ships to assist a Greek-flagged oil tanker that remains ablaze in the Red Sea “in consideration of humanitarian and environmental concerns,” Iran’s mission to the United Nations said late Wednesday.
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Business
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Markets & Companies
8/27/2024 10:08:13 PM
Stock markets were little changed Tuesday as investors awaited clues on how much interest rates might be cut next month and the latest results from tech heavyweight Nvidia.
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Business
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Economy
8/27/2024 8:58:43 PM
Egyptian Natural Gas Holding company has launched an international tender for exploration of Natural gas and crude oil in 12 concessions in the Mediterranean and Nile Delta - including 10 offshore and two onshore, Minister of Petroleum and Mineral Resources Karim Badawi announced on Tuesday.
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World
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Region
8/27/2024 3:34:16 PM
The United States gave its backing Tuesday to UN efforts to resolve differences between Libya's rival administrations over the management of the central bank without cutting off vital oil income.
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Business
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Economy
8/26/2024 7:18:50 PM
Oil prices jumped Monday after an escalation of hostilities between Israel and the Iranian-backed Lebanese militant group Hezbollah raised fears of a wider conflict in the Middle East.
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Business
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Energy
8/26/2024 4:55:44 PM
Kuwait's state oil giant on Monday announced a 15-year deal for the supply of natural gas from Qatar, without disclosing the cost of the agreement.
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World
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Region
8/26/2024 4:31:00 PM
Libya's eastern-based administration on Monday said it was shutting down "all oil fields" under its control and "suspending all production and exports until further notice".
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World
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Region
8/22/2024 3:48:19 PM
An Algerian oil tanker set sail Thursday for power-hungry Lebanon, official media said, with 30,000 tonnes of fuel destined to restart turbines in the country grappling with years of economic meltdown.
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World
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Region
8/22/2024 12:15:00 PM
A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack in the Red Sea, officials said Thursday, while also destroying a bomb-carrying drone boat in the area.
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World
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War in Ukraine
8/19/2024 1:53:21 PM
Authorities in the southern Russian city of Proletarsk introduced a state of emergency Monday as firefighters battle for more than 24 hours to extinguish a blaze at an oil facility hit by a Ukrainian drone.
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World
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War in Ukraine
8/18/2024 11:07:53 AM
Ukrainian drones attacked an oil storage facility in Russia's southern Rostov region early Sunday morning, sparking a large fuel fire, the local governor said.
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Business
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Economy
8/12/2024 7:50:42 PM
Egypt’s S&P global Purchasing Managers’ Index (PMI) has been tiptoeing around the 50 mark for the past few months with July recording 49.7 down from 49.9 in June.
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Business
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Markets & Companies
8/7/2024 9:11:18 AM
Benchmark US crude oil for September delivery rose 26 cents to $73.20 per barrel Tuesday. Brent crude for October delivery rose 18 cents to $76.48 per barrel.
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Business
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Economy
8/5/2024 4:49:37 PM
Egypt’s Purchasing Managers’ Index (PMI) hit its highest level in three years in June at 49.9, up from 49.6 in May, according to an S&P Global Egypt PMI report.
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World
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War in Ukraine
8/4/2024 12:33:33 PM
Ukrainian President Volodymyr Zelensky on Saturday praised his forces for hitting military targets inside Russia, after his army reported several strikes including on an airfield and an oil depot.
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