Oil hits seven-year high on Russia-Ukraine crisis escalation
Oil on Tuesday rose to its highest since 2014 after Russia ordered troops into two breakaway regions in eastern…
Browsing Tag
crude oil
Iraq renews contract supplying Egypt with 12 million barrels of oil
Iraq’s Cabinet on Thursday approved renewing its contract to supply the state-run Egyptian General Petroleum…
Libyan National Oil Corporation welcomes oil restart proposal after warring rivals…
Libya's National Oil Corporation welcomed new proposals from both warring rivals in the country to lift a…
Egypt eyes crude oil output up to 690,000 barrels year-end
Egypt targets increasing daily production of crude oil to hit 690,000 barrels by the end of the current year, …
Saudi Arabia seen cutting crude oil prices to Asia in September
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asian markets for a second…
Kuwait initially approves renewal of Egypt oil supply deal
Kuwait gave initial approval to renew a multi-billion dollar contract to supply Egypt with crude oil and petroleum,…
Western Desert produces 60% of Egypt’s crude oil: minister
Egypt's Petroleum Minister Tarek el-Molla said on Wednesday that the country's Western Desert produces about 60…
Egyptian industrial products rise 32% in Q1
The value of Egypt’s industrial products, including crude oil and petroleum products rose 32 percent to 168.5…
US crude posts 7th straight weekly loss, on weaker demand outlook
Crude prices edged higher on Friday, but posted yet another weekly decline on worries that oversupply would weigh…
Egypt’s manufacturing index surges 2.6% in May
Egypt’s manufacturing and extractive industries’ index (without crude oil and petroleum products) rose 2.6 percent…
