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Business
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Energy
4/2/2023 7:05:49 PM
Saudi Arabia led a coordinated production cut by major oil powers on Sunday despite US pressure to pump more crude, saying they were aiming at market stability.
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Business
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Economy
2/9/2023 6:59:41 PM
The OPEC Fund for International Development and Africa Finance Corporation (AFC) have signed a 10-year $50 million loan agreement to finance the development of infrastructure with the aim of boosting the continent’s economic growth and job creation, the fund announced on Thursday.
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Business
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Energy
2/1/2023 6:45:20 PM
A committee of major oil producers recommended Wednesday to maintain the cartel's current reduced output strategy, as the global economic outlook remains uncertain and the war in Ukraine drags on.
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Al-Ahram Weekly
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Focus
12/23/2022 4:28:00 PM
The year is ending with question marks over the global energy market from the Ukraine conflict, the OPEC+ countries, and China’s Covid-19 policies.
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World
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International
12/17/2022 1:06:05 PM
The Biden administration said Friday it is buying 3 million barrels of oil to begin to replenish U.S. strategic reserves that officials drained earlier this year in a bid to stop gasoline prices from rising amid production cuts by OPEC and a ban on Russian oil imports.
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World
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Region
12/7/2022 7:52:32 PM
Chinese President Xi Jinping touched down in Saudi Arabia on Wednesday for a visit that is likely to focus on energy ties as Washington warned of Beijing's growing influence.
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Business
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Economy
12/4/2022 3:53:46 PM
Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a climate of uncertainty and ahead of fresh sanctions against Moscow coming into force next week.
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Business
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Economy
12/2/2022 5:17:41 PM
Stock markets fell on Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to aggressively hike interest rates to tame inflation.
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World
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Region
11/21/2022 10:05:41 PM
Saudi Arabia on Monday denied a report that oil producers were discussing a production increase for their next meeting, saying a cut approved last month would stay in place until the end of 2023.
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Al-Ahram Weekly
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COP27
11/5/2022 8:48:00 PM
As COP27 starts, OPEC Secretary-General Haitham Al-Ghais highlights sustainable energy investment
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World
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Region
10/31/2022 12:19:55 PM
Saudi Arabia and the United Arab Emirates defended on Monday a decision by OPEC and its allies to cut oil production, even as an American envoy warned of "economic uncertainty'' ahead for the world.
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Al-Ahram Weekly
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Opinion
10/26/2022 8:07:30 PM
Ships in Shakespeare were not just for the transport of silk and spices. They were also a symbol of change in the heroes’ fates and the direction of the plot.
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World
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War in Ukraine
10/19/2022 7:17:24 PM
President Joe Biden plans to release 15 million barrels of oil or more from the U.S. strategic reserves in an effort to stop gasoline prices from rising now that OPEC and its allies plan to cut production.
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World
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International
10/19/2022 11:24:40 AM
President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations, and he will say more oil sales are possible this winter, as his administration rushes to be seen as pulling out all the stops ahead of next month's midterm elections.
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Al-Ahram Weekly
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Opinion
10/18/2022 8:15:17 PM
An anti-Saudi campaign has begun in the US in the wake of the OPEC plus decision to cut oil production, showing Washington’s apparently limited understanding of wider changes in the region.
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Business
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Economy
10/17/2022 7:00:36 PM
Egypt has voiced support to Saudi Arabia’s explanation of the technical considerations behind the recent decision of the OPEC+ group to cut oil production, which triggered tensions.
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World
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War in Ukraine
10/15/2022 5:19:04 PM
Saudi Arabia on Saturday announced $400 million in humanitarian aid for Ukraine, the official SPA news agency said, adding that Crown Prince Mohammed bin Salman had made a phone call to President Volodymyr Zelensky.
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Al-Ahram Weekly
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World
10/14/2022 2:13:00 PM
Rising tension between Washington and Riyadh over OPEC+ decision to cut oil production is reminiscent of the 1970s oil war.
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Al-Ahram Weekly
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Egypt
10/13/2022 8:34:00 PM
Natural gas prices for cement industries have increased and other fuel prices are expected to follow
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Business
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Energy
10/13/2022 5:41:14 PM
Saudi Arabia rejected as baseless Thursday accusations that last week's output cut by oil cartel OPEC and its allies, including Russia, was politically motivated against the United States.
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