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Energy
Egypt’s Badr-1 oil field storage capacity doubled
The Badr-1 site, operated by the Western Desert Oil Company (WEPCO), has doubled its storage capacity to 48,000…
Vietnam cuts fuel prices on Thursday
The Vietnamese government has announced a reduction in retail prices for petrol and diesel products, effective from…
Egypt, UAE sign MoU to enhance petroleum cooperation
Egypt and the United Arab Emirates (UAE) signed a Memorandum of Understanding (MoU) on Thursday to enhance…
European gas prices hit highest level of ’24
European natural gas prices surged to their highest levels this year, trading near €39 per megawatt-hour, following…
China’s jet fuel demand boosts refiners
China's Jet fuel demand is recovering as flights resume, relieving refiners facing low diesel and gasoline…
QatarEnergy raises Sept. crude prices
QatarEnergy (QE) is set to increase its official formula prices for September-loading crude exports, marking a rise…
Kuwait oil price rises to $76.28 per barrel
The price of Kuwaiti oil increased by 51 cents to reach $76.28 per barrel on Tuesday, up from $75.77 per barrel the…
Crude oil prices to rise by year-end – EIA
The US Energy Information Administration's Short-Term Energy Outlook (STEO) for August 2024 projects the Brent…
UK economic growth for ’22 revised to 4.8%
Britain's economy experienced stronger growth in 2022 than previously reported, with the Office for National…
Aramco acquires additional 22.5% of Petro Rabigh
Aramco has reached a definitive agreement to acquire an additional 22.5 per cent stake in Petro Rabigh for $702…
