Egypt’s crude oil production hits two-year high as refinery output strengthens
Egypt's crude oil production has reached its highest level in nearly two years, Minister of Petroleum and Mineral…
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crude oil production
Egypt’s GAPCO raises oil output to highest level since 2019
Egypt's Gulf of Suez Petroleum Company (GAPCO) has raised crude oil production to 71,250 barrels per day, its…
Egypt’s PMS wins contract for North Safa offshore field Phase II
Egypt’s Petroleum Marine Services (PMS) has received a mandate from the Gulf of Suez Petroleum Company (GUPCO) to…
India considers scrapping windfall tax on crude oil
India's Finance Ministry is currently assessing the effectiveness of the windfall tax on domestic crude oil…
Natural gas price drop cuts US producer revenue in Q1’24 – EIA
Natural gas price declines led to a significant reduction in revenue for US oil producers during the first quarter…
URGENT: OPEC+ lowers ’24 oil demand forecast
OPEC+ has revised its oil demand forecast for 2024, lowering it by 135 thousand barrels per day (tb/d) to 2.1…