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Business
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Markets & Companies
3/4/2024 11:09:50 PM
Benchmark US crude oil for April delivery fell $1.23 to $78.74 per barrel Monday. Brent crude for May delivery fell 75 cents to $82.80 per barrel.
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Business
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Energy
3/3/2024 9:26:35 PM
Several OPEC+ members on Sunday announced extensions to oil production cuts first announced in 2023 as part of an agreement among oil producers to boost prices following economic uncertainty.
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Business
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Energy
3/3/2024 7:48:34 PM
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
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Business
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Energy
3/3/2024 6:39:10 PM
Russia will cut oil production by almost half a million barrels per day in the second quarter of 2024, Deputy Prime Minister Alexander Novak said Sunday.
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War on Gaza
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War on Gaza
2/21/2024 5:23:44 PM
An Israeli sabotage attack on an Iranian natural gas pipeline caused the multiple explosions that struck it a week ago, Iran's oil minister alleged Wednesday, further raising tensions between the regional archenemies amid Israel's war on the Gaza Strip.
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Business
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Markets & Companies
2/20/2024 11:16:12 PM
Benchmark US crude oil for March delivery fell $1.01 to $78.18 per barrel Tuesday. Brent crude for April delivery fell $1.22 to $82.34 per barrel.
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Business
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Energy
2/19/2024 10:54:27 PM
Egypt's President Abdel-Fattah El-Sisi met on Monday with BP CEO Murray Auchincloss on the sidelines of EGYPS 2024, where he lauded BP’s outstanding activities, the size and scope of its growing investments in Egypt, as well as its exploration projects in the oil and gas sector.
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Business
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Energy
2/18/2024 4:24:01 PM
The Abu Dhabi National Oil Company (ADNOC) pulled out from the process of bidding on Egyptian Wataniya Petroleum, just as the deal was nearing its final stages, sources close to the deal told Al-Borsa News on Sunday.
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World
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Region
2/17/2024 12:49:55 PM
Yemen's Houthi rebels on Saturday claimed an attack a day earlier on an oil tanker in the Red Sea, the latest in a series of strikes that have led to retaliation by Britain and the United States.
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Al-Ahram Weekly
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Egypt
2/16/2024 11:55:00 AM
Many people have resorted to storing goods in the face of continuous price hikes, making a difficult situation more challenging.
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Business
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Energy
2/14/2024 2:33:42 PM
UAE’s Abu Dhabi National Oil Company (ADNOC) and the global energy giant British Petroleum (BP) have agreed to form a gas joint venture (JV) to develop gas assets in Egypt, according to a statement on Wednesday.
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Business
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Economy
2/12/2024 6:00:25 PM
Saudi Arabia's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to expand into other forms of energy, the Gulf kingdom's energy minister said on Monday.
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Al-Ahram Weekly
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Economy
2/12/2024 10:33:00 AM
The second hike in cooking oil prices has taken place in less than a month, this time by at least 50 per cent, reports Amira Hisham
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Al-Ahram Weekly
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Limelight
2/6/2024 8:38:00 PM
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War on Gaza
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War on Gaza
2/3/2024 3:19:06 PM
Palestinian resistance group Hamas on Saturday condemned overnight US strikes in Iraq and Syria, saying Washington had poured "oil on the fire" in the Middle East.
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Business
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Economy
2/1/2024 10:48:01 PM
Benchmark U.S. crude oil for March delivery fell $2.03 to $73.82 per barrel Thursday. Brent crude for April delivery fell $1.85 to $78.70 per barrel.
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World
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Region
1/30/2024 10:50:27 PM
Kuwait's new emir travelled to Saudi Arabia on Tuesday for his first foreign trip since taking power, Saudi state media reported, a customary stop underscoring deep ties between the Gulf oil suppliers.
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Business
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Markets & Companies
1/30/2024 10:50:19 PM
Benchmark US crude oil for March delivery rose $1.04 to $77.82 per barrel Tuesday. Brent crude for March delivery rose 47 cents to $82.87 per barrel.
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Business
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Economy
1/30/2024 11:17:44 AM
Saudi Arabia's oil giant Saudi Aramco said Tuesday it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country's Energy Ministry.
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Business
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Markets & Companies
1/29/2024 11:35:52 PM
Benchmark US crude oil for March delivery fell $1.23 to $76.78 per barrel Monday. Brent crude for March delivery fell $1.15 to $82.40 per barrel.
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