Oil supply forecast to shrink next year
Cheap oil prices have been massively affecting global markets, from countries' budgets…
OPEC, Russia: ‘Oil market to stabilize’
The Organization of Petroleum Exporting Countries and Russia have said sharp drops…
Egypt receives $27m OPEC loan
Loan to be used in establishing, equipping modern integrated centres for tumours…
No petrol price increase in FY 2015/2016: Petroleum minister
Egyptian citizen’s economic situation does not allow change in prices, says Ismail
Prince Salman promises continuity as he takes Saudi Arabia throne
Its backing will remain unchanged, but the lifeblood of Gulf aid cannot…
Brent price decrease drives down subsidies in FY 2014/2015 budget to approximately EGP 55bn
Fuel oil, which is supplied into markets, is currently not subsidised, says…
International oil price reduction to save cash for Egypt’s budget: Economy professor
Crude oil prices have slumped to lowest level in five years due…
Egypt concludes foreign fundraising for Assiut power station with $55m OPEC loan
OPEC’s latest loan brings the total amount of fund provided by the…
OPEC producer UAE considers importing North American gas
Reuters - The United Arab Emirates, a Gulf OPEC oil producer, said…
Shell sells Australia gas project stakes for $1.14bn
Shell issued a “significant” profit warning for the fourth quarter on Friday,…