Egypt’s Badr-1 oil field storage capacity doubled
The Badr-1 site, operated by the Western Desert Oil Company (WEPCO), has doubled its storage capacity to 48,000…
Browsing Tag
crude oil
DOE finalises purchase for strategic reserve
The US Department of Energy (DOE) has finalised a contract to purchase 4.65 million barrels of crude oil for the…
EU sanctions against Russia renewed for 6-m period
The Council of the EU renewed its restrictive measures against Russia for an additional six months, now valid until…
Asian shares slip despite China rate cut
Asian shares fell on Monday despite a rate cut by China's central bank.
Ethydco develops new pipe coating
The Egyptian Ethylene and Derivatives Company (Ethydco), in collaboration with its partner Muharram Plast, has…
Asian stocks fall on trade tensions
Asian stock markets fell on Thursday due to concerns about a potential trade war between the US and China.
US, Mexico energy trade falls in ’23
The total value of energy trade between the United States and Mexico fell by nearly 15 per cent in 2023, from $77.8…
Asian shares dip, yen slides on Tuesday
Asian stocks outside Japan edged lower on Tuesday, extending losses from the previous session.
Asian stocks near 2-yr highs on rate cut bets
Asian stocks are near two-year highs on Wednesday due to expectations of US rate cuts.
Asian stocks edge up on rate cut hopes, euro stumbles
Asian stocks inched higher Monday as investors grew more confident about a potential US interest rate cut in…
