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Business
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Markets & Companies
12/5/2023 11:55:06 PM
Benchmark US crude oil for January delivery fell 72 cents to $72.32 per barrel Tuesday. Brent crude for February delivery fell 83 cents to $77.20 per barrel.
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Business
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Economy
12/5/2023 1:14:17 PM
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector rose slightly in November to 48.4 points compared to 47.9 points in October, the index's sixth rise in 2023, according to data released by the American credit rating agency S&P Global Ratings on Tuesday.
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World
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Region
12/2/2023 11:49:03 AM
The COP28 climate talks in Dubai have kicked off with a flurry of financial commitments for action on global warming, led by its big-spending, oil-rich host the United Arab Emirates.
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World
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Region
11/30/2023 11:08:55 PM
Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday
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Business
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Economy
11/30/2023 10:43:43 PM
Benchmark U.S. crude oil for January delivery fell $1.90 to $75.96 per barrel Thursday. Brent crude for January delivery fell 27 cents to $82.83 per barrel.
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Business
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Energy
11/30/2023 8:03:34 PM
Saudi Arabia and Russia announced separately on Thursday that they will voluntarily cut their oil production.
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Business
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Economy
11/30/2023 2:08:17 PM
Uncertainty hovered over what major oil-producing nations -- collectively known as OPEC+ -- will decide on output policy as they headed into virtual meetings Thursday in a bid to halt a continuous slump in prices.
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World
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Region
11/29/2023 1:25:58 PM
The ruling emir of oil-rich Kuwait was hospitalized Wednesday “due to an emergency health problem” but later reported to be in stable condition, renewing the longstanding concerns over his health since he became ruler in 2020.
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Business
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Energy
11/29/2023 1:18:27 PM
The Emirati president-designate for the upcoming United Nations COP28 climate talks forcefully denied Wednesday a report alleging his nation planned to use the summit to strike oil and gas deals, a day before the summit was due to begin.
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Business
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Economy
11/27/2023 4:48:24 PM
Egypt’s manufacturing and extractive industries (excluding crude oil and petroleum products) contracted by 3.86 percent on a monthly basis in September, according to the updated data of the manufacturing and extractive index by the official statistics agency (CAPMAS).
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Business
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Economy
11/23/2023 11:21:42 AM
Oil extended losses Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities were mixed after two US reports dented recent euphoria over the future of interest rates.
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Business
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Energy
11/22/2023 7:42:27 PM
Oil prices slumped Wednesday as traders took a delay to an OPEC+ summit meeting as a sign of possible discord, while European and US stocks rose on hopes of an end to the US Federal Reserve's interest rate-hiking cycle.
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Business
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Economy
11/21/2023 11:25:27 PM
Benchmark US crude oil for January delivery fell 6 cents to $77.77 per barrel Tuesday. Brent crude for January delivery rose 13 cents to $82.45 per barrel.
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Business
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Energy
11/15/2023 4:14:30 PM
Crude prices rallied this week after posting their steepest drop in over three months, rebounding on brighter consumption forecasts from OPEC and the International Energy Agency (IEA), according to a report by the Kuwaiti asset management company Kamco Invest on Wednesday.
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Business
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Markets & Companies
11/15/2023 12:33:18 AM
Benchmark US crude oil for December delivery was unchanged at $78.26 per barrel Tuesday. Brent crude for January delivery fell 5 cents to $82.47 per barrel.
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Business
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Energy
11/14/2023 2:15:55 PM
World oil demand will rise slightly more than expected this year as China's appetite for the fossil fuel hit a record and Israel's war in Gaza did not hit supply flows, the International Energy Agency said Tuesday.
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Business
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Markets & Companies
11/14/2023 10:26:52 AM
Benchmark US crude oil for December delivery rose $1.09 to $78.26 per barrel Monday. Brent crude for January delivery rose $1.09 to $82.52 per barrel.
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Business
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Economy
11/13/2023 4:11:15 PM
Europe’s economy is weak and a destabilization through the war in Palestine could be hard to handle. Although impact remains limited, even Germany, the continent’s biggest economy, is facing recession.
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Business
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Tech
11/9/2023 3:10:16 PM
Egypt’s Ministry of Petroleum and Mineral Resources signed three cooperation agreements with Huawei, a leading information and communication solutions company, to promote Egypt's digital transformation, read a statement on Wednesday.
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Business
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Markets & Companies
11/7/2023 10:00:00 PM
Benchmark US crude oil for December delivery fell $3.45 to $77.37 per barrel Tuesday. Brent crude for January delivery fell $3.57 to $85.61 per barrel.
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