US thermal coal exports to Asia, Africa increase, European shipments decline
US thermal coal exports surged to Asia and Africa in the first half of 2024, contributing to an overall rise in US…
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Natural gas
Egypt announces new incentives for oil firms
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, announced a new incentive package to boost crude…
US power grid adds 20.2 GW in H1 ’24
The US power grid expanded by 20.2 gigawatts (GW) of utility-scale electric generating capacity in the first half…
China’s oil consumption plunges as power demand soars
Slower consumption in China led OPEC to lower global oil demand growth estimates this week.
Egypt to release EGP 1.9b export support today – minister
The Ministry of Finance announced the disbursement of 1.9 billion Egyptian pounds for another instalment of…
European gas prices hit highest level of ’24
European natural gas prices surged to their highest levels this year, trading near €39 per megawatt-hour, following…
Crude oil prices to rise by year-end – EIA
The US Energy Information Administration's Short-Term Energy Outlook (STEO) for August 2024 projects the Brent…
China’s daily crude oil imports low in July
China's daily crude oil imports in July hit their lowest point since September 2022 due to weak processing margins…
Egypt’s trade deficit falls 10.3% YoY in May – CAPMAS
Egypt's trade deficit decreased to $3.57 billion in May, marking a 10.3 per cent drop from the same period in 2023.
Egypt’s MSMEDA achieves major project support
Egypt's Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has achieved major milestones, including…