Oil prices increase due to OPEC’s possibilities of cutting output
Oil prices increased on Friday, boosted by OPEC’s possibilities of cutting output.
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Oil
Egyptian gas exports delivered to Europe amount to 10-15% – minister
Egypt has exported gas to Europe about 10 to 15 percent, Minister of Petroleum Tarek al-Molla announced during an…
Oil hits seven-year high on Russia-Ukraine crisis escalation
Oil on Tuesday rose to its highest since 2014 after Russia ordered troops into two breakaway regions in eastern…
Oil declines after OPEC+ agrees to ease output curbs
Oil drooped on Thursday after OPEC and other producers including Russia agreed to ease record supply curbs from…
Oil rises on output cut support, but U.S. virus spike caps gains
Oil increased in early trade on Tuesday with major producers sticking to supply cuts, but earnings were capped as…
Oil climbs 5%, posts second straight week of earnings
Oil rose on Friday and were on course for a second consecutive week of gains as U.S. producers rapidly shut crude…
Against all odds, Egyptian billionaire Naguib Sawiris says he would buy airlines
Egyptian billionaire Naguib Sawiris told CNBC on Tuesday he would buy airlines, going against fellow billionaire…
U.S. oil producers eye shutting down operations as coronavirus dry up need for fuel
Oil producers in the U.S. are making painful decisions about how to close their operations after the coronavirus…
Oil futures fall below $12 per barrel
West Texas Intermediate (WTI) crude futures for June delivery plunged 43 percent to settle at $11.57 per barrel.
As prices crash, Trump says “’This is a great time to buy oil,’
After a tumultuous day that witnessed oil futures unprecedentedly plunging into negative territory, U.S. President…