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UK energy bills to rise 10% this winter – Ofgem
British households will face higher gas and electricity bills this winter after Ofgem, the energy regulator,…
Fed Chair hints at possible rate cuts
The US Federal Reserve Chair Jerome Powell on Friday morning (ET) signaled that the Federal Reserve might lower…
India overtakes China as top importer of Russian oil in July
India replaced China as the world’s largest importer of Russian oil in July, with Russian crude accounting for a…
Middle East refining expansion poised to transform global petroleum trade – EIA
The Middle East is set to significantly alter global petroleum trade dynamics with an expected increase in refining…
Egypt PM emphasises state commitment to petroleum, energy sector
Egyptian Prime minister Moustafa Madbouly on Thursday reaffirmed the government's dedication to the petroleum and…
Global refining capacity to grow 4.9m bpd by ’28 – EIA
The global refining capacity is expected to see significant growth, with estimates ranging from 2.6 million to 4.9…
US 30-year fixed-rate mortgage hit new low
The average rate on the popular U.S. 30-year fixed-rate mortgage has fallen to its lowest level since May 2023.…
Egypt govt aims for 65% private sector participation – PM
The private sector's contribution to Egypt's economic activity has surged from 27 per cent in 2022/2023 to 37 per…
Egypt plans to add 28 GW renewable energy in 5-7 years: PM
Egypt is rapidly expanding its renewable energy capacity, aiming to add over 4 gigawatts of new and renewable…
Egypt to unveil ‘revolutionary’ tax, investment measures in first half of Sept – PM
The Egyptian government is poised to announce a series of significant reforms aimed at stimulating investment and…