Crude oil

Conflict between Tehran, Tel Aviv 'not severely' impacting crude oil prices

Mon, 15 Apr 2024 - 05:17 GMT

However, the current conflict between Tehran and Tel Aviv poses one of the largest geopolitical risks to global oil markets since the start of the Russo-Ukrainian war and the war on Gaza.

Egypt Responds to Global Energy Crisis: Rationalizes Fuel Prices Amid Economic Pressures

Fri, 22 Mar 2024 - 01:13 GMT

The decision comes amid rising global oil prices, compounded by conflicts such as the Gaza war and the Russo-Ukrainian war.

Egypt, Dragon Oil sign agreement to export additional crude oil

Thu, 22 Feb 2024 - 12:06 GMT

The Egyptian Minister of Petroleum, Tarek El-Molla, witnessed the signing of the agreement along with Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Dragon Oil Company,

Egypt aims to increase petroleum production to 790 bln during new fiscal year 22/23

Sat, 30 Jul 2022 - 11:45 GMT

The government aims to increase production for the petroleum and mineral resources sector at current prices from 671.5 billion pounds in the previous year to about 790.9 billion pounds.

Brent crude oil price surges to nine-year high of $118 a barrel

Thu, 03 Mar 2022 - 01:06 GMT

Brent crude futures surged to $118.22 per barrel in London, the highest level since February 2013.

Egyptian exports of petroleum products rose by more than $1 bn in one month

Mon, 14 Jun 2021 - 02:21 GMT

Government data showed that Egyptian exports of petroleum products rose to more than half a billion dollars in just one month.

Infograph: Egypt heading to achieve self-sufficiency in petroleum products in 2023

Sun, 14 Mar 2021 - 02:33 GMT

The center stated that the report contained the most important indicators that confirm Egypt's trend towards achieving self-sufficiency in petroleum products.

Sisi approves 3 decrees to search for gas, crude oil

Tue, 02 Mar 2021 - 01:18 GMT

These laws were published in the Egyptian Gazette in its issue on March 2.

Maintenance works start at Ismailia pipeline after explosion

Wed, 15 Jul 2020 - 12:19 GMT

Maintenance and repair works started at the petroleum pipeline that witnessed a huge explosion at Ismailia Desert Road on Tuesday.

Egypt’s fuel imports decline 76% in April 2020

Mon, 13 Jul 2020 - 02:37 GMT

Additionally, crude oil imports have amounted to $119.93 million in April, compared to $227.33 million in April 2019, with a noticeable decline of about $107.940 million.

Oil prices regain little ground lost in previous session

Wed, 17 Jul 2019 - 10:03 GMT

West Texas Intermediate crude futures were up 31 cents at $57.93 a barrel by 0829 GMT.

Oil rises on declining U.S. crude stocks, but trade war worries linger

Thu, 30 May 2019 - 09:54 GMT

Brent crude futures, the international benchmark for oil prices, were at $69.85 per barrel at 0700 GMT, up 40 cents, or 0.6%, from their last close. Brent fell nearly 1% in the previous session.

Oil steadies as trade fears balance Mideast tension and supply cuts

Mon, 27 May 2019 - 10:22 GMT

Oil steadied on Monday, trading below $69 a barrel, as concern over the U.S.-China trade dispute and global economic outlook offset support from Middle East tensions and supply cuts.

Oil up on escalating U.S.-Iran tensions, but trade war worries cap gains

Tue, 21 May 2019 - 10:31 GMT

But gains were checked by concerns that a prolonged trade war between Washington and Beijing could lead to a global economic slowdown.

Oil prices weighed down by record U.S. output, inventories

Thu, 02 May 2019 - 09:31 GMT

U.S. West Texas Intermediate crude futures were down 60 cents at $63.00 per barrel.

Oil slips to $71, hit by talk of higher OPEC+ production

Tue, 16 Apr 2019 - 09:42 GMT

Analysts on average expect U.S. crude stockpiles to have risen by 1.9 million barrels last week, the fourth straight increase. The first of this week’s stockpile reports is due at 2030 GMT from the American Petroleum Institute. [EIA/S]

Brent edges further away from $70 level on build in U.S. stocks

Thu, 04 Apr 2019 - 08:52 GMT

Brent futures were down 3 cents at $69.28 a barrel by 0603 GMT. Brent fell 6 cents on Wednesday, after touching $69.96, highest since Nov. 12, when it last traded above $70.

Brent nears $70 as oil prices rise for fourth day

Wed, 03 Apr 2019 - 10:07 GMT

Brent futures gained 38 cents, or 0.55 percent, to $69.75 by 0900 GMT. They earlier reached $69.96 - the highest since Nov. 12, when they last traded above $70.

Oil prices dip after U.S. crude stocks climb

Thu, 28 Mar 2019 - 10:00 GMT

Oil prices dropped on Thursday, extending losses into a second consecutive session, following a surprise build in U.S. crude inventories.

Oil prices slip amid worries of severe economic slowdown

Mon, 25 Mar 2019 - 10:07 GMT

Brent crude oil futures were at $66.73 per barrel at 0752 GMT, down 30 cents, or 0.5 percent, from their last close.