Tag: Crude Oil

Crude oil price rises after Suez Canal blockage

Approximate rate of backlog is 50 vessels/day, any delays leading to re-routings…

Adham Youssef Adham Youssef

Oil prices climb on vaccine optimism, US crude inventories up last week

Many European countries and US states are tightening coronavirus restrictions. Analysts expect…

Xinhua Xinhua

Oil prices gain amid positive data

West Texas Intermediate for September delivery rose to $41.01 a barrel, while…

Xinhua Xinhua

Oil prices sink amid demand fears

Oil prices plunged as West Texas Intermediate for September delivery fell $1.35…

Xinhua Xinhua

US crude oil production increases last week: EIA

US crude oil imports and exports both increased during the week ending…

Xinhua Xinhua

Oil prices climb amid demand hopes

Meanwhile, Brent crude oil for September delivery advanced 1.04 dollars to close…

Xinhua Xinhua

Oil prices fall amid oversupply concerns

Oil prices fell as WTI for June delivery dropped $0.57 to $23.99…

Xinhua Xinhua

Oil prices surge amid hopes for economy reopening

Oil prices were also supported as data showed a smaller-than-expected build in…

Xinhua Xinhua

Global meltdown: stocks, crude oil futures in free fall on rising COVID-19 cases, OPEC price war

The stock markets bloodbath triggered the first-ever forced trading halt in the…

Mohamed Samir Mohamed Samir

Egypt’s crude oil, petroleum products imports decrease by $3bn in FY2019/20: Government sources

Country’s domestic consumption of natural gas to increase to 51.1 million tonnes

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi