Egypt signs $208m Western Desert oil, gas agreement
Egyptian General Petroleum Corporation signed on Tuesday a new agreement with Cheiron Petroleum Corporation and…
Browsing Tag
Oil
OPEC+ agrees 188k bpd output adjustment, reaffirms market stability
OPEC+ countries Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman agreed on 3 May 2026 to adjust…
Egypt’s Khalda Petroleum targets $1.043bln investment after 15 discoveries
Egypt's Khalda Petroleum made 15 oil discoveries in the first half of fiscal year 2025/2026, adding estimated…
Oil prices extend gains on Wednesday
Oil prices extended gains on Wednesday as reports that the United States may prolong its blockade of Iranian ports…
UAE to exit OPEC, OPEC+ on 1 May
The United Arab Emirates announced on Tuesday it will exit the Organisation of the Petroleum Exporting Countries…
Oil prices rise nearly 2% on Tuesday
Oil prices rose nearly 2 per cent on Tuesday, extending gains from the previous session, as stalled efforts to end…
Oil prices rise over 1% on Monday
Oil prices rose more than 1 per cent on Monday as stalled US-Iran peace talks and limited shipments through the…
Egypt revives energy investments as partner arrears fall
Egypt’s energy sector is regaining momentum after efforts to resolve partner arrears and introduce investment…
Oil drops below $100 on US-Iran ceasefire deal
Oil prices plunged below $100 per barrel on Wednesday after Donald Trump said he had agreed to a two-week ceasefire…
Oil prices extend gains on Tuesday
Oil prices extended gains on Tuesday as escalating tensions between the United States and Iran raised concerns over…