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USD Exchange Rate Drops against Kuwaiti Dinar
Exchange rate of the US dollar against the Kuwaiti dinar dropped to KD 0.277 ($ 1), whereas the euro stabalised at…
25 Bln Barrels of Heavy Oil in Kuwait & Saudi Wafra Oilfield
International oil expert, Dr. A. Hamid Majid, affirmed that huge reserves of heavy oil exist in the Wafra oilfield…
Belgium Sends 31 Thousand Tons Fuel Aid To Egypt
On Saturday, a Belgium tanker (Marel) loaded with 31.200 thousand tons of diesel has reached Alexandria harbor so…
EU Allows Iran Oil Insurance For Now
The European Union agreed on Friday to exempt until July 1 some insurance on Iranian oil shipments headed for…
Oil Price May Arouse Global Recession: IEA
High oil prices are the biggest risk to the global economy and may cause a recession, the Financial Times quoted…
16.4 Mln Barrels of Crude Oil Produced in 2011: Turkey
Turkish Energy & Natural Resources Minister Taner Yildiz said that the production met 7-9 percent of total…
Israel Exports Egyptian Gas To Go To Russia
Under the headlines of “Gazprom is Getting Israel’s Gas”, Russian newspaper has mentioned on Saturday that Israeli…
Euro Depreciates 0.5 Percent to $1.3153
The euro weakened against the dollar after a report showed German factory output unexpectedly contracted this…
Turkish Shipment of Diesel to solve the Market’s Shortage
The Liberian vessel “Vidias” arrived at Alexandria port today, as coming from Turkey with a shipment of about…
Gold Sluggish amid China Factory Activity Shrinks
Gold prices were little changed on Thursday, hovering around US$1,650 an ounce, as investors weighed a recent…
