forex news US crude oil dives 3%, hitting a 9-month closing low on supply concerns Yomna Yasser Jun 20, 2017 0 Oil prices dived Tuesday to seven-month lows, tumbling 3 percent on signs of rising production in key parts of the…
Arab Gulf stocks fall as oil drops; banks soft despite rate rises Yomna Yasser Jun 15, 2017 0 A decline in crude oil prices to November lows put pressure on Gulf bourses on Thursday morning, while banking…
Industry & Trade Iraq to send 2 million barrels of crude oil on Tuesday: Egypt’s EGPC Yomna Yasser May 15, 2017 0 Egypt is set to receive Iraq’s first crude oil shipment on Tuesday, amounting to 2 million barrels, as part of a…
forex news Oil drops for 3rd day as US inventories hit record high Yomna Yasser Mar 2, 2017 0 Crude oil dropped for a third consecutive session Thursday as a record build-up in U.S. stockpiles weighed on the…
Industry & Trade Iraq’s first crude shipment to arrive in Egypt by March-end: ambassador Yomna Yasser Feb 23, 2017 0 An energy agreement bringing Iraqi crude oil to Egypt is being finalised and a first shipment of 1 million barrels…
Industry & Trade Egypt nearing crude oil import deal with Iraq Yomna Yasser Feb 15, 2017 0 Egypt is nearing an agreement to import crude oil from Iraq and is looking to other countries to help secure…
Industry & Trade Iraq to start supplying Egypt with 1M oil barrels/month in days Noha Gad Jan 11, 2017 0 Iraq is set to start supplying Egypt with one million barrels of light crude oil per month within the coming few…
Industry & Trade Egypt’s bill of importing fuel drops 54.2% in nine months: CAPMAS Noha Gad Jan 5, 2017 0 Egypt's bill of importing fuel declined by 54.2 percent in January-September 2016 to 30.1 billion pounds (US$1.6…
forex news Oil prices climb on expectation of OPEC-led output cut Yomna Yasser Nov 21, 2016 0 Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply…
Industry & Trade Kuwait says to renew crude oil supply contract with Egypt Yomna Yasser Nov 19, 2016 0 Kuwait has renewed a contract to supply Egypt with crude oil for the upcoming three years, according to a senior…