Saudi Arabia may cut crude allocations in Sept by at least 520,000 bpd
State oil company Saudi Aramco will cut crude oil allocations to its customers worldwide in September by at least…
Browsing Tag
crude oil
Egypt to hold crude oil exploration tender before year-end: minister
Egypt is planning a new tender for crude discovery and exploration before the end of 2017, Petroleum Minister Tarek…
Cairo stocks flat after rate hike, oil dents Saudi bourse
Egypt’s stock market showed little reaction Sunday to an unexpected interest rate hike taken by the country’s…
US crude oil dives 3%, hitting a 9-month closing low on supply concerns
Oil prices dived Tuesday to seven-month lows, tumbling 3 percent on signs of rising production in key parts of the…
Gulf stocks fall as oil drops; banks soft despite rate rises
A decline in crude oil prices to November lows put pressure on Gulf bourses on Thursday morning, while banking…
Iraq to send 2 million barrels of crude oil on Tuesday: Egypt’s EGPC
Egypt is set to receive Iraq’s first crude oil shipment on Tuesday, amounting to 2 million barrels, as part of a…
Oil drops for 3rd day as US inventories hit record high
Crude oil dropped for a third consecutive session Thursday as a record build-up in U.S. stockpiles weighed on the…
Iraq’s first crude shipment to arrive in Egypt by March-end: ambassador
An energy agreement bringing Iraqi crude oil to Egypt is being finalised and a first shipment of 1 million barrels…
Egypt nearing crude oil import deal with Iraq
Egypt is nearing an agreement to import crude oil from Iraq and is looking to other countries to help secure…
Iraq to start supplying Egypt with 1M oil barrels/month in days
Iraq is set to start supplying Egypt with one million barrels of light crude oil per month within the coming few…
