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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Business
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Energy
12/18/2023 10:52:42 PM
Oil prices shot up three percent Monday as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Houthi rebels.
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Business
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Economy
12/18/2023 1:17:07 PM
Egypt’s non-oil trade deficit shrank by 15 percent to record $9.1 billion during the third quarter of 2023, compared to $10.7 billion in the corresponding quarter of 2022, according to data released by the cabinet’s Information and Decision Support Centre (IDSC) on Monday.
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Business
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Economy
12/17/2023 6:27:30 PM
Egypt’s petroleum imports, including crude oil and oil products, dropped 11.4 percent to $1.06 billion in September from $1.2 billion in August, according to data released by the state-run statistics agency, CAPMAS.
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World
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Region
12/16/2023 3:40:43 PM
Kuwait's crown prince, Sheikh Meshal al-Ahmad al-Jaber Al-Sabah, was named the oil-rich country's new emir after the death on Saturday of his predecessor Sheikh Nawaf, state television reported.
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Business
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Markets & Companies
12/12/2023 10:39:27 PM
Benchmark US crude oil for January delivery fell $2.71 to $68.61 per barrel Tuesday. Brent crude for February delivery fell $2.79 to $73.24 per barrel.
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Business
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Economy
12/12/2023 4:39:19 PM
Egypt’s strategic sugar reserves can cover local consumption needs for nearly 7.8 months, Minister of Supply and Internal Trade Ali Moselhi revealed in a press conference on Tuesday.
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Business
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Markets & Companies
12/11/2023 10:45:02 PM
Benchmark US crude oil for January delivery rose 9 cents to $71.32 per barrel Monday. Brent crude for February delivery rose 19 cents to $76.03 per barrel.
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World
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Region
12/10/2023 6:26:35 PM
Saudi Arabia on Sunday said its "perspectives" and "concerns" must be taken into account at the COP28 climate talks, where the world's top oil exporter is resisting moves to agree to a phase-out of fossil fuels.
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World
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International
12/9/2023 10:06:57 AM
A century-old territorial dispute deepened by the discovery of oil is boiling over between neighbors Guyana and Venezuela. Steeped in patriotism, the Venezuelan government is seizing on the fight to boost support ahead of a presidential election among a population fed up with a decade-long crisis that has pushed many into poverty.
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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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