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Egypt buys 120,000 Tons of U.S, Canadian Wheat: GASC
Egypt bought 120,000 metric tons of U.S. and Canadian soft red winter wheat after a tender today, Nomani Nasr…
Japanese Yen hits an 11-month US Dollar low
The yen has hit an 11-month low against the dollar as the US currency strengthened on hopes of a recovery in the…
E.On: ‘Past The Worst’ Amid Annual Loss
The Energy company E.On has claimed it is "past the worst", but still made an annual loss in 2011. The German firm…
KSA pledges to fill “perceived or real” Oil Supply Gap
Top oil exporter Saudi Arabia stands ready to fill any oil supply gap - "perceived or real" - as oil prices rally…
Egypt Gas Disruptions cost Israel $ 3.97 billion: Israeli Finance Ministry
Israel’s Finance Ministry says the cost includes NIS 12 billion ($ 3.18 billion) to buy alternative fuel, and NIS 3…
E.ON to adjust Terms of Statoil Gas Purchase Deal
Germany’s E.ON AG said Wednesday it has reached an agreement with Norwegian natural gas producer Statoil…
India’s Oil Companies not hurt by Iran Sanctions
India's state-run oil companies haven't been hurt by sanctions imposed on Iran by the U.S. and European Union,…
$100 pb is Reasonable Price for Oil: Bahraini Energy Minister
Bahraini Minister of Energy Abdul Hussein Mirza said Bahrain believed that the USD 100 per barrel is reasonable…
Int’l Energy Forum for Latest World Oil Issues kicks off
The 13th International Energy Forum is launched in Kuwait, on Tuesday, with the participation of more than 80…
JX Group consolidates MENA and Africa Operations
Japanese energy giant JX Nippon Oil & Energy Corporation (NOE), belonging to JX Group, one of the world's…
