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…
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Oil
Oil prices crash below zero for the first time in history as demands dries up
Oil futures plunged on Monday below zero, the latest never-before-seen number to emerge amid the economic fallout…
Saudi Arabia’s oil exports to the U.S. more than double in March
Saudi Arabia’s oil exports to the U.S. more than doubled from February to March as oil prices plunged and American…
Trump: OPEC and allies planning to cut ‘20 million barrels a day, not the 10 million’
U.S. President Donald Trump tweeted on Monday that a historic weekend agreement struck between OPEC and some of the…
OPEC: Egypt among countries to see largest oil supply falls in H2
Global oil demand is assumed at 99.73 mb/d in 2020, but the second half of 2020 is forecasted to see higher…
BP says invested $14 bln in Egypt over past five years
BP had invested $14 billion in Egypt over the past five years, its new CEO Bernard Looney said on Tuesday.
Egypt says repaid 86% of arrears to foreign oil companies in 2019
Egypt has repaid 86 percent of arrears to foreign oil companies at the end of December, the country’s Cabinet…
Oil jumps to highest in more than a week after Libyan shutdowns
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began…
Egypt witnesses unprecedented increase in oil, gas production: minister
Egyptian petroleum minister Tarek El-Molla said an unprecedented increase in Egypt's gas and petroleum production…
Egypt invests $31bn in implementing 27 petroleum projects
Egypt invests total investment of $31bn in 27 projects to develop oil and gas fields, Minister of Petroleum and…