Egypt’s bill of importing fuel drops 54.2% in nine months: CAPMAS
Egypt's bill of importing fuel declined by 54.2 percent in January-September 2016 to 30.1 billion pounds (US$1.6…
Browsing Tag
crude oil
Oil prices climb on expectation of OPEC-led output cut
Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply…
Kuwait says to renew crude oil supply contract with Egypt
Kuwait has renewed a contract to supply Egypt with crude oil for the upcoming three years, according to a senior…
Oil surges on reported US crude inventory draw, expected OPEC cut
Oil prices surged early Wednesday, pushed up by a report of a fall in U.S. crude inventories and an OPEC statement…
US crude settles down 9 cents at $50.35, but ends week up 1.1%
Crude oil prices dropped Friday as a stronger dollar weighed on the market and an industry report showed U.S. oil…
Gulf stock markets end mixed, Saudi lost stream
Stock markets in the Gulf ended mixed on Thursday. Saudi Arabia's index lost steam in the final hour of trade and…
U.S. stocks close lower as oil slides, but post weekly gains
U.S. stocks ended near session lows on Friday, with investor sentiment hit by a renewed slide in crude-oil prices.…
Oil prices extend rise after surprise US crude stock draw
Oil prices extended gains from the previous session in Asian trading Thursday after a surprise third consecutive…
Saudi Arabia may freeze crude production—if everybody else does too: Prince Turki
Saudi Arabia could still agree to a deal to freeze oil production — as long as all other oil-producing nations do…
Egypt’s GUPCO ups crude oil production to 76,500 barrels/day
Gulf of Suez Petroleum Co – GUPCO, a joint venture between the Egyptian Government and BP Plc, has recently boosted…
