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Business
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Markets & Companies
12/27/2022 10:39:40 AM
Asian markets rose on Tuesday after China said it would end quarantine for arrivals, spurring hopes for the revival of the world's second-largest economy and boosting oil which continued its upward surge on fears of Russian production cuts.
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World
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Region
12/23/2022 4:32:00 PM
Iraq's prime minister appealed to visiting Italian counterpart Giorgia Meloni on Friday for closer economic ties with his oil-rich country suffering from power cuts and decaying infrastructure.
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World
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War in Ukraine
12/23/2022 12:54:07 PM
Moscow could cut oil production by up to seven percent in early 2023 following an oil price cap agreed by Western countries, a Russian deputy prime minister said Friday.
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Egypt
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Urban & Transport
12/23/2022 11:40:00 AM
Egypt’s President Abdel-Fattah El-Sisi gave his directives on Thursday to intensify exploration of new oil and natural gas areas to achieve optimal economic exploitation of Egypt’s resources and to maximise the added reserves of natural gas to meet both the needs of local markets and exports.
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Business
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Markets & Companies
12/22/2022 10:48:00 PM
Benchmark US crude oil for February delivery fell 80 cents to $77.49 a barrel Thursday. Brent crude for February delivery fell $1.22 to $80.98 a barrel.
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Business
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Markets & Companies
12/21/2022 10:29:59 PM
Benchmark US crude oil for February delivery rose $2.06 to $78.29 a barrel Wednesday. Brent crude for February delivery rose $2.21 to $82.20 a barrel.
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Business
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Economy
12/21/2022 9:36:52 PM
Egypt's non-petroleum exports from January to October 2022 reached $30.4 billion against $27.1 billion in the same period of 2021, marking a 12-percent increase, according to the General Organization for Export and Import Control (GOEIC).
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Business
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Markets & Companies
12/20/2022 10:40:35 PM
Benchmark US crude oil for January delivery rose 90 cents to $76.09 a barrel Tuesday. Brent crude for February delivery rose 19 cents to $79.99 a barrel.
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Business
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Markets & Companies
12/19/2022 11:26:03 PM
Benchmark US crude oil for January delivery rose 90 cents to $75.19 a barrel Monday. Brent crude for February delivery rose 76 cents to $79.80 a barrel.
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Egypt
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Society
12/18/2022 9:26:16 PM
Egypt’s strategic reserves of each of wheat, sugar, corn, oil, and rice are sufficient for four to six months, Minister of Supply and Internal Trade Ali Moselhi told President Abdel-Fattah El-Sisi in a meeting on Sunday.
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World
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International
12/17/2022 1:06:05 PM
The Biden administration said Friday it is buying 3 million barrels of oil to begin to replenish U.S. strategic reserves that officials drained earlier this year in a bid to stop gasoline prices from rising amid production cuts by OPEC and a ban on Russian oil imports.
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Business
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Economy
12/15/2022 10:32:06 PM
Benchmark U.S. crude oil for January delivery fell $1.17 to $76.11 a barrel Thursday. Brent crude for February delivery fell $1.49 to $81.21 a barrel.
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Business
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Markets & Companies
12/14/2022 10:34:24 PM
Benchmark U.S. crude oil for January delivery rose $1.89 to $77.28 a barrel Wednesday. Brent crude for February delivery rose $2.02 to $82.70 a barrel.
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Business
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Markets & Companies
12/12/2022 10:33:15 PM
Benchmark U.S. crude oil for January delivery rose $2.15 to $73.17 a barrel Monday. Brent crude for February delivery rose $1.89 to $77.99 a barrel.
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World
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War in Ukraine
12/11/2022 9:20:32 AM
The European Union embargo on Russia's oil and an international cap on the price of the country's crude is disrupting the maritime transport sector.
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Business
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Markets & Companies
12/8/2022 10:43:00 PM
Benchmark US crude oil for January delivery fell 55 cents to $71.46 a barrel Thursday. Brent crude for February delivery fell $1.02 to $76.15 a barrel.
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Business
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Markets & Companies
12/7/2022 10:30:05 PM
Benchmark US crude oil for January delivery fell $2.24 to $72.01 a barrel Wednesday. Brent crude for February delivery fell $2.18 to $77.17 a barrel.
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Business
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Markets & Companies
12/6/2022 10:53:33 PM
Benchmark US crude oil for January delivery fell $2.68 to $74.25 a barrel Tuesday. Brent crude for February delivery fell $3.33 to $79.35 a barrel.
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Business
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Energy
12/6/2022 7:36:56 PM
The price of Brent crude briefly fell below the symbolic level of $80 per barrel on Tuesday for the first time since January, when prices began to rise ahead of the Russian invasion of Ukraine.
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World
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Region
12/6/2022 2:54:58 PM
Chinese President Xi Jinping will arrive in Saudi Arabia on Wednesday for a three-day visit, his first to the world's biggest crude oil exporter since 2016, Saudi state media reported on Tuesday.
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