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Commodities
Egypt raises wheat procurement price, launches support package for farmers
Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk, has made the wheat crop a top priority,…
Oil down on Monday
Oil prices extended last week's losses on Monday, with West Texas Intermediate (WTI) crude, a key US benchmark,…
Goldman Sachs cuts ’26 oil price forecasts
Goldman Sachs has lowered its 2026 average price forecasts for Brent and West Texas Intermediate (WTI) crude by $4,…
S. Arabia cuts oil prices to Asia
Saudi Arabia lowered May crude oil prices for Asian buyers to a four-month low after OPEC+ unexpectedly announced…
OPEC+ reaffirms commitment to market stability with production adjustment
OPEC+ members Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to…
OPEC+ accelerates oil output hike, driving prices lower
OPEC+ unexpectedly announced a larger-than-planned oil production increase of 411,000 barrels per day in May,…
Oil falls 3% on Thursday
Oil prices fell over 3 percent on Thursday after US President Donald Trump announced new tariffs, sparking concerns…
Global coal-fired power capacity rises in ’24
Global coal-fired power capacity grew by just 18.8 gigawatts in 2024, its smallest increase in two decades,…
Egypt’s gold prices increase on Mar. 27th
Egypt’s gold prices rose on Thursday, March 27, 2025, as of 12:10 pm CLT (10:10 GMT), compared to prices recorded…
Petrojet expands international operations, strengthens manufacturing capabilities
Egypt’s Petrojet secured new contracts worth 112 billion Egyptian pounds in 2024—60 per cent of which are outside…