oil price

Egypt is closely monitoring regional tensions and their impact on global energy markets after oil prices rebounded…

Oil opened steady on Wednesday. Brent traded above $85 a barrel, and West Texas Intermediate (WTI) was near $81.

Oil prices rose for a second consecutive session despite Saudi Arabia signalling demand concerns by cutting its…

Major stock markets across the Gulf region opened higher on Tuesday, clawing back some recent losses as anxieties…

Oil prices surged above $90 during trading after Saudi Arabia and Russia extended their plan to cut their oil…

Bank of America (BofA) Global Research has revealed on Wednesday its latest Brent crude oil price forecasts for…

U.S. Treasury secretary Janet Yellen said in Senegal's capital Dakar on Friday the oil price cap on Russia could…

Oil prices increased over $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+…

Oil prices declined on Thursday, as new Covid-19 lockdown measures in China added to worries that high inflation…

Oil prices decreased on Monday, ending three days of gains, on concerns U.S. interest rate increases may lead to a…

Energy giant Saudi Aramco reported on Sunday an 82 percent jump in net profit for the first quarter of the year,…

On the world markets, the Azerbaijani oil price has rose up.

Egypt’s 2020/2021 draft budget is based on an oil price of $61 per barrel, the Finance Ministry said on Monday,…

"The oil market is "pretty much in balance," Bob Dudley the chief executive of BP has told CNBC on Monday. Speaking…

Middle East stock markets plunged to new multi-year lows Sunday, with Saudi Arabia tumbling more than 5 percent, as…

The level of $80 a barrel is seen as an ideal price for oil as the world economy moves to higher growth, the UAE…

Oil-related shares rose in Qatar early Monday but most stocks in the Gulf were quiet with few new incentives to…

Companies in the six Gulf Arab states are under pressure as governments reduce spending in response to a slump in…

The Organization of the Petroleum Exporting Countries doesn’t see oil prices consistently trading at $100 barrel…

Oil’s dramatic price fall since mid-2014 cannot be explained by changes in production and consumption alone, with…

Despite headwinds from an uncertain global climate, trade between China and Russia is likely to continue to grow in…

Fresh evidence of the impact of the plunging oil price emerged on Tuesday when business leaders in Russia and other…

Egypt does not expect Gulf Arab countries to reduce their investment in the country despite the fall in oil prices,…

The global drop in oil prices will save Egypt a third of its fuel subsidy bill in the current fiscal year, the…

Oil prices rose for the eighth session in a row, with Brent crude trading near a four-month high, boosted by the…

Saudi oil minister Ali al-Naimi said on Monday the high price of crude was not justified by market fundamentals,…

Oil for March delivery rose 0.9 percent to $103.24 a barrel on the New York Mercantile Exchange, the highest…