Oil stable but below recent highs as rising U.S. supplies threaten bull-run
Oil prices were stable on Wednesday, but were below more than three-year highs reached the previous session as…
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Oil steady as US drilling tempers bullish sentiment
Oil prices were steady on Monday as a rising U.S. rig count pointed to further increases in American output,…
Oil hovers at 3 ½-year high, with producers seen to ‘boast’ output-cut compliance
Oil futures continued to gain on Thursday, hovering at 3½-year highs after a surprise fall in U.S. supplies, and as…
State-run ENPPI to sell 24% stake in Cairo stock market: minister
Egypt’s state-owned oil firm ENPPI will sell up to 15 percent of its shares in an initial public offering on the…
European markets set to rally amid earnings; oil prices hit multi-year highs
European markets are set to rise on Thursday morning, as soaring oil prices triggered a broader rally across…
Oil prices edge up on lower US crude inventories, global supply risks
Oil prices edged up on Wednesday, lifted by a reported fall in U.S. crude inventories and by the ongoing risk of…
Shell to complete deep-water oil, gas exploration in Egypt
Royal Dutch Shell Plcis will resume exploration for oil and gas in Egypt’s deep-water of the Mediterranean Sea,…
Oil prices rise amid risk of supply disruptions
Oil prices rose on Tuesday amid worries there could be a high risk of disruptions to supply, especially in the…
Saudi Arabia and Egypt sign MoU for oil experience exchange
Egypt and Saudi Arabia have signed a memorandum of understanding (MoU) for the exchange of petroleum and mining…
Oil markets tense after western strikes on Syria, but rising US drilling weighs
Oil prices fell on Monday as markets opened the week cautiously following western air strikes in Syria over the…