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Business
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Markets & Companies
1/22/2024 11:12:35 PM
Benchmark US crude oil for February delivery rose $1.78 to $75.19 per barrel Monday. Brent crude for March delivery rose $1.50 to $80.06 per barrel.
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Business
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Economy
1/21/2024 2:09:18 PM
Egypt-listed Maridive and Oil Services announced that its subsidiary Ocean Marine UAE is finalizing a deal to sell a $40 million marine unit to settle a part of a $45.5 million debt to banks, according to a bourse statement on Sunday.
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Business
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Economy
1/18/2024 11:00:31 PM
Benchmark U.S. crude oil for February delivery rose $1.52 to $74.08 per barrel Thursday. Brent crude for March delivery rose $1.22 to $79.10 per barrel.
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Business
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Markets & Companies
1/16/2024 11:19:48 PM
Benchmark US crude oil for February delivery fell 28 cents to $72.40 per barrel Tuesday. Brent crude for March delivery rose 14 cents to $78.29 per barrel.
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Business
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Economy
1/16/2024 6:02:38 PM
Egypt's state-owned oil companies are poised to invest over EGP 23 billion in the upcoming fiscal year (FY) 2024/2025, commencing in July, Minister of Petroleum and Mineral Resources Tarek El-Molla said on Tuesday.
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Business
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Energy
1/12/2024 7:31:29 PM
Oil prices surged four percent on Friday after US and UK forces launched strikes against Yemen's Houthis, fueling concerns about a wider conflict in the crude-rich region.
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World
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Region
1/11/2024 3:50:51 PM
Iran's navy seized an oil tanker on Thursday in the Gulf of Oman that once was at the centre of a major crisis between Tehran and Washington, officials said, a seizure that further escalates tensions in the Mideast waterways.
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Business
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Economy
1/10/2024 5:41:30 PM
The Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla signed a memorandum of understanding (MoU) with the Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef for technical cooperation in exploration, exchange of geological information, training, and skill development within the mining sectors of both countries.
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Business
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Markets & Companies
1/9/2024 10:48:14 PM
Benchmark US crude oil for February delivery rose $1.47 to $72.24 per barrel Tuesday. Brent crude for March delivery rose $1.47 to $77.59 per barrel.
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Business
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Economy
1/9/2024 5:00:00 PM
Egypt is set to initiate new international bids for the exploration of oil, natural gas, and gold in 2024, Minister of Petroleum and Mineral Resources Tarek El-Molla said on Tuesday.
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Business
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Economy
1/7/2024 7:37:30 PM
Egypt’s non-oil trade deficit dropped 26.29 percent year-on-year (YoY) to $6.63 billion in the third quarter of 2023 from $8.99 billion in the same quarter a year earlier, according to data released by the Central Bank of Egypt (CBE).
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World
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Region
1/4/2024 3:32:45 PM
Kuwait's new ruler announced his prime minister on Thursday as he bids to end the chronic political stalemate afflicting the major oil-producing Gulf nation.
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Business
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Economy
1/4/2024 2:25:20 PM
Egypt’s non-oil private sector showed slower expansion at the end of last year as demand weakened further amid currency depreciation and high inflation, according to data released by the American credit rating agency Standard and Poor's (S&P) on Thursday.
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Business
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Markets & Companies
1/3/2024 5:00:00 AM
Benchmark US crude oil for February delivery fell $1.27 to $70.38 per barrel Tuesday. Brent crude for March delivery fell $1.15 to $75.89 per barrel.
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Business
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Economy
12/28/2023 2:44:08 PM
Norway's largest pension fund said Thursday it has divested from Saudi Aramco due to the oil giant's lack of climate action and from 11 other Gulf companies over human rights concerns.
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Business
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Energy
12/27/2023 12:56:09 PM
Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak said Wednesday, almost two years after Moscow was hit by Western sanctions over the Ukraine conflict.
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Business
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Markets & Companies
12/26/2023 11:50:34 PM
Benchmark US crude oil for February delivery rose $2.01 to $75.57 per barrel Tuesay. Brent crude for February delivery rose $2 to $81.07 per barrel.
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Business
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Economy
12/21/2023 10:23:57 PM
Benchmark U.S. crude oil for February delivery fell 33 cents to $73.89 per barrel Thursday. Brent crude for February delivery fell 31 cents to $79.39 per barrel.
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Business
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Economy
12/20/2023 1:52:10 PM
The attack against ships in the Red Sea and speculation regarding potential interest rate cuts by the Federal Reserve pushed oil prices higher after reaching the lowest level in six months, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.
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Business
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Markets & Companies
12/18/2023 11:39:11 PM
Benchmark US crude oil for January delivery rose $1.04 to $72.47 per barrel Monday. Brent crude for February delivery rose $1.40 to $77.95 per barrel.
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