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World
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International
10/5/2022 11:19:04 AM
Asian investors joined their Wall Street and European counterparts in an equity buying spree Wednesday as more data pointing to weakness in the US economy further fanned hopes the Federal Reserve could temper its rate hike campaign.
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Business
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Energy
10/5/2022 9:17:11 AM
Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to two million barrels per day in a bid to prop up slumping prices.
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World
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Region
10/3/2022 3:48:23 PM
Major oil-producing nations led by Saudi Arabia and Russia are expected to make this week their biggest output cut since the start of the Covid pandemic in efforts to buttress prices.
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Business
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Energy
9/5/2022 3:52:07 PM
OPEC and allied oil-producing countries, including Russia, cut their supplies to the global economy by 100,000 barrels per day, underlining their unhappiness with crude prices that have sagged because of recession fears.
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Business
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Economy
9/5/2022 11:10:23 AM
Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.
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Al-Ahram Weekly
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Opinion
8/16/2022 6:38:23 PM
Abdel-Moneim Said shares his thoughts on a new book of wide-ranging relevance
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World
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Region
8/11/2022 9:20:29 PM
Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday.
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Business
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Energy
8/3/2022 3:59:09 PM
The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower pace than in previous months at a time of high oil prices and unstable energy supplies exacerbated by the war Russia has waged on Ukraine.
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World
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Region
7/31/2022 2:39:41 PM
Saudi Arabia's year-on-year economic growth hit nearly 12 percent for the second quarter, led by a surging oil sector, the government's statistics agency said Sunday.
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Business
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Energy
7/19/2022 6:46:02 PM
President Muhammadu Buhari said on Tuesday Nigeria's state-run oil firm would now operate as a fully commercial business without government intervention or funding.
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World
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Region
7/6/2022 10:05:06 AM
The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities announced Wednesday.
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World
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Region
6/30/2022 6:37:07 PM
Major oil producers led by Saudi Arabia and Russia stuck to a previously decided output boost on Thursday, despite calls for bigger increases to tame crude prices.
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World
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International
6/30/2022 12:27:21 PM
Oil prices are high, and drivers are paying more at the pump. But the OPEC oil cartel and allied producing nations may not be much help as they decide Thursday how much more crude to send to world markets.
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World
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Region
6/14/2022 8:44:06 PM
Gulf monarchy Bahrain has issued a royal decree ordering 17 cabinet changes including a new oil minister in its biggest reshuffle and first for 20 years, officials said.
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War in Ukraine
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Economy
6/2/2022 12:43:02 PM
The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy suffering from soaring energy prices and the resulting inflation.
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Business
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Energy
5/31/2022 2:38:08 PM
Saudia Arabia, Russia and their allies are likely to stick to their policy of modest oil output increases when they meet Thursday after the EU banned most imports from Moscow.
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Al-Ahram Weekly
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Opinion
5/23/2022 10:10:00 AM
Abdel-Moneim Said takes stock of the current bump in US-Gulf relations.
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War in Ukraine
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Economy
5/10/2022 2:16:30 PM
Russian Foreign Minister Sergei Lavrov visited gas-producing ally Algeria for talks Tuesday as a European drive to secure alternative supplies gathers pace.
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Business
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Energy
5/5/2022 3:38:54 PM
Saudi Arabia, Russia and other key oil producers agreed on Thursday to another marginal increase in output, bolstered by risks to demand amid coronavirus restrictions in China.
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War in Ukraine
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Economy
5/5/2022 12:25:40 PM
OPEC and allied oil-producing countries, including Russia, are weighing conflicting forces Thursday as they decide how much crude should flow to volatile global markets. Europe's proposal to phase out Russian oil and other Western sanctions are choking back supply, while COVID-19 shutdowns in China are cutting demand.
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