Egypt to increase fuel prices by 35-45% in Q1 of FY2018/19
Fuel prices in Egypt are expected to rise between 35 percent and 45 percent in the first quarter of financial year…
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Oil prices rise on reduced US drilling activity, booming job market
Oil markets climbed on Monday on the back of a drop in the number of U.S. rigs drilling for more production and as…
Oil stable on weaker dollar and healthy economic growth, but pockets of oversupply linger
Oil prices were stable on Wednesday, supported by healthy economic growth and expectations that a weaker dollar…
Cabinet dismisses rumours of new fuel-price hikes in Egypt
The Egyptian Cabinet has dismissed "rumours" of new price hikes for fuel and petroleum products. The Cabinet's…
Road conditions challenge car buyers to choose carefully in Egypt
Terrain, weather, type of fuel, after sales services, spare parts, aimed market, return on investment… the list…
Oil edges up on falling US crude inventories, but supply remains ample
Oil prices inched up on Thursday on a reported decline in U.S. crude inventories, but prices stayed below recent…
3 Egyptian firms to produce 14.5mn tonnes of petroleum products in FY2018/19
Egypt's three state-owned petroleum companies, namely Alexandria Petroleum Company, Assiut Oil Refining (ASORC) and…
Egypt’s fuel imports rise to $600 mln in Sept. 2017: CAPMAS
The total value of Egypt’s fuel imports rose to $601 million during September 2017 from $476 million during the…
Oil prices dip after US crude hits near 2-year high on pipeline shutdown
Oil prices eased on Thursday, with U.S. crude dipping away from two-year highs reached the day before, but the…
Egypt’s costs of subsidised petroleum products up 68% in Q1-FY2018
Egypt's cost of subsidised petroleum products rose 68 percent to 23.5 billion Egyptian pounds ($1.33 billion)…
