Tag: Oil

Moody’s expects prolonged depression in oil prices

Brent to average $35/bbl in 2020 and $45/bbl in 2021, Moody’s projects

Shaimaa Al-Aees Shaimaa Al-Aees

Oil prices climb after Saudi Arabia pledges further output cuts

Oil prices have recently been boosted not only by hopes that demand…

Xinhua Xinhua

Steel markets further hit following COVID-19, oil slump

Sector’s preliminary recovery also hindered following bad 2019, local market dynamics provide…

Daily News Egypt Daily News Egypt

US oil will not have impact Saudi economy: Saudi Experts

Oil market will improve after production reduction in line with OPEC plus…

Sarah El-Sheikh Sarah El-Sheikh

US oil plummets below zero for first time, Brent declines to $26 a barrel

Decline proves market is not convinced by OPEC cuts, says former petroleum…

Mohamed Adel Mohamed Adel

Edison’s oil assets acquisition devalued to $600m after Algerian fields excluded

Procedures for purchasing Edison fields to be completed in 2020

Mohamed Adel Mohamed Adel

Coronavirus, price war push oil producers to cut 2020 spending plans

Energean cuts its budget in Egypt by $140m

Mohamed Farag Mohamed Farag

Draft 2020-2021 budget  sets oil price at $61per barrel

State employees’ wages to increase by 11.3%: Finance Minister

Hagar Omran Hagar Omran

Oil drops below $25/barrel for first time since 2003

Increase in Saudi oil exports leads to excess supply, says Medhat Youssef

Mohamed Adel Mohamed Adel