Tag: Oil

Egypt’s PMI amounts to 50.3 in July: IHS Markit

Overall, firms are generally positive regarding future condition of economy, says David…

Daily News Egypt Daily News Egypt

Oil prices fall to $61.15 per barrel as trade war subsides

Decline in oil prices to reduce fuel subsidies to 10% in Q1…

Mohamed Adel Mohamed Adel

Iran captures new tanker in Gulf claiming it was smuggling oil  

Pompeo says he is confident that US could build maritime coalition in…

Daily News Egypt Daily News Egypt

Libya’s largest oil field shut down

El Sharara oil field is located at the south-western Murzuq Desert.

Logyn Sherif Logyn Sherif

Government hedges against oil price increase at under $70 per barrel

Renewal of hedging contracts every 3 months with review of oil value…

Mohamed Adel Mohamed Adel

Oil prices slightly regain ground, Brent reaches $64.93 per barrel

Price recovery backed by supply tightening, future disruptions due to Gulf tensions,…

Mohamed Samir Mohamed Samir

Turkey urges Greek Cypriots to accept oil drilling plan

FM Cavusoglu, urged Greek Cypriot government to accept cooperation plan on drilling

Daily News Egypt Daily News Egypt

Government reviews oil hedge rates after sudden fall in oil prices

State budget bore $5 difference in price of barrel for JP Morgan,…

Mohamed Adel Mohamed Adel

Eni completes gas processing plant with capacity of 3.2bn scf/day

Project’s investments are estimated at $5bn, says source

Mohamed Adel Mohamed Adel

Oil surges above $72 per barrel awaiting regional political movements

Bank of America expects Brent to rise to $90 per barrel

Mohamed Adel Mohamed Adel