Saudi Arabia pledges 5-year oil assistance, $8bn investments to Egypt
Saudi Arabia's King Salman pledged oil assistance to meet Egypt's petroleum needs for the upcoming five years,…
Browsing Tag
Oil
Egypt seeks to reduce Oil product subsidies to 30 pct in 5 years
Egypt aims to reduce oil product subsidies to 30 percent over the next five years reversing an earlier decision…
Dollar steadies as halt in oil, equities slide provides traction
The dollar was little changed versus the yen and euro on Tuesday following a recent wave of selling, taking its cue…
Oil prices drop, Brent to extend losing streak
Oil prices dipped on Tuesday, with Brent set to extend its losing streak to an eighth day, as investors remain…
U.S. Bechtel to pump more investments in Egypt
U.S.-based Bechtel Corporation is keen to pump more new investments in the Egyptian market, David Welch -president…
Oil prices decline for seventh session on oversupply worries
Crude oil futures fell for a seventh straight session on Monday, their longest losing streak since mid-2014, as a…
Asia stocks fall as oil rout deepens, yuan extends slide
Asian stocks fell on Monday and China's yuan hit fresh 4-1/2 year lows as plunging oil prices added to investors'…
Oil price drop spurs Egypt fuel subsidy phase-out once more
The continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to reduce…
U.S. oil export ban ‘very likely’ to be lifted in spending bill
The 40-year-old ban on most U.S. crude oil exports will "very likely" be lifted in the government spending bill,…
BP faces Mexico class action lawsuit over 2010 oil spill
A few months after reaching the largest corporate settlement in U.S. history, BP Plc faces a class action lawsuit…
