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Egypt
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Society
6/15/2025 7:29:17 PM
The General Petroleum Company (GPC) has announced a new oil discovery—GPR-1X—in the Abu Sennan fields of Egypt’s Western Desert, the Ministry of Petroleum and Mineral Resources said Sunday.
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World
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Region
6/13/2025 10:49:28 AM
Oil prices soared more than 12 percent and stocks sank Friday after Israel launched strikes on Iranian nuclear and military sites and warned of more to come, stoking fears of a full-blown war.
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World
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War in Ukraine
6/10/2025 9:07:24 PM
The European Union on Tuesday proposed slashing a price cap on Russia's global oil exports, as part of a new package of sanctions over the Ukraine war.
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Business
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Economy
6/3/2025 12:55:55 PM
Egypt’s non-oil private sector economy showed signs of stabilization in May, according to S&P Global’s latest Purchasing Managers’ Index (PMI), which rose to 49.5 from 48.5 in April.
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Business
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Energy
5/31/2025 3:41:00 PM
Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.
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Business
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Markets & Companies
5/29/2025 1:37:38 PM
Financial markets welcomed a US court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.
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Business
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Energy
5/28/2025 2:02:42 PM
Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, hold talks Wednesday to discuss their production levels as another hike looms despite falling prices.
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Business
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Economy
5/22/2025 2:32:17 PM
Equities and oil prices slid Thursday on concerns over the US economy as President Donald Trump tries to push through fresh tax cuts that risks sending the country's deficit ballooning further.
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Business
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Energy
5/21/2025 2:46:21 PM
Crude prices rallied Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.
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World
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Region
5/15/2025 2:45:41 PM
US President Donald Trump said Thursday a deal was close on Iran's nuclear programme that would avoid military action, sending oil prices tumbling.
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Business
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Economy
5/15/2025 12:01:45 PM
Oil prices sank Thursday on hopes for an Iran nuclear breakthrough after Donald Trump said a deal was "getting close" and US media reported Tehran had indicated it could be open to curbs on its atomic program.
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World
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War in Ukraine
5/14/2025 11:26:43 AM
The EU on Wednesday approved a fresh package of sanctions on Russia, clamping down on its "shadow" oil fleet, as Europe threatens further punishment if Moscow does not agree to a Ukraine truce.
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World
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Region
5/12/2025 5:47:41 PM
Syria’s new president, Ahmed Al-Sharaa, is reportedly pitching a postwar recovery plan that includes a Trump Tower in Damascus, rapprochement with Israel, and US access to Syrian oil and gas, according to Reuters.
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World
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War in Sudan
5/11/2025 8:57:58 PM
Sudan's army-aligned government has told energy firms to prepare to stop handling crude oil from South Sudan, which relies on its neighbor for exports, after attacks on key facilities, according to a letter seen by AFP.
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Business
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Economy
5/5/2025 11:46:36 AM
Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand.
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Egypt
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Society
5/4/2025 2:35:56 PM
Egyptian authorities have launched an emergency containment and cleanup operation following the detection of an oil spill off the South Sinai coast between Abu Rudeis and Sharm El-Sheikh.
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World
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Africa
5/3/2025 8:27:22 PM
Gen. Brice Oligui Nguema was sworn in as the fourth president of the Republic of Gabon on Saturday, signalling a return to constitutional order in the country after nearly two years of political transition following the 2023 military coup in this Central African country known for its oil wealth.
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World
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Region
5/2/2025 6:16:26 PM
Iran said Friday that continued US sanctions on its trade partners will not alter its policy, after President Donald Trump threatened to penalise countries or individuals dealing in Iranian oil.
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World
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International
4/26/2025 8:33:11 PM
British environmental activist group Just Stop Oil held its final demonstration in London on Saturday, ending three years of high-profile climate protest stunts as they moved their focus away from civil disobedience.
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World
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Region
4/23/2025 12:15:49 PM
Iran's foreign ministry on Wednesday condemned new US sanctions targeting its oil network, calling the move a sign of Washington's "hostile approach" ahead of a third round of nuclear talks.
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