Egypt to finalise 13 industrial complexes in 2019 – minister
13 industrial complexes with 4,300 units will be completely established in 12 Egyptian governorates within 2019,…
Browsing Tag
producers
Oil rises over 1% on OPEC-led supply cuts, trade talk hopes
Oil climbed by more than 1 percent on Wednesday, lifted by expectations that an OPEC-led supply cut announced last…
US crude rises 2.2%, settling at $52.61, after OPEC and allies reach deal to cut output
Oil prices surged higher on Friday after OPEC, Russia, and several other producers reached an agreement to cut…
Oil falls on worries of looming oversupply, economic downturn
Oil prices slipped on Thursday, weighed down by rising supply going into a market in which consumption is expected…
European markets seen mixed after pullback in tech stocks
European markets are poised for a mixed open on Tuesday in Europe, after a rout in tech stocks on Wall Street.
US crude oil posts longest losing streak in over 34 years, falling for 10th day
U.S. crude prices fell Friday for a 10th consecutive session, sinking deeper into bear market territory and wiping…
Oil rises but posts weekly loss on stock build, trade tensions
Oil prices rose on Friday on signs of surging demand in China, the world's No. 2 oil consumer, although prices were…
US crude falls 1.3%, recording $68.69, posting fourth straight weekly drop
Oil prices fell on Friday, weighed down by a drop in the U.S. stock market, but drew support from easing trade…
Oil mixed as producers adding more oil while US gasoline stocks fall
Oil prices were mixed on Thursday as the market struggled to digest signs of strong gasoline demand in the United…
Oil dips as markets eye potential supply increases
Oil fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while…
Oil prices fall as Saudis hike output to offset disruptions
Oil prices dropped by more than one percent on Monday, driven by the prospects of rising output from Saudi Arabia,…
Oil prices rise on Libya worries, but OPEC supply rise drags
Oil prices inched up on Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to…
Oil prices drop on expectations of rising OPEC, Russian supplies
Oil prices dropped in early Asian trading on Tuesday on expectations that producer cartel OPEC and key ally Russia…
Gold prices fall on firmer dollar; US-North Korea summit, Fed meeting in focus
Gold prices edged lower on Tuesday, weighed down by a stronger dollar amid encouraging signs ahead of an historic…
US oil prices edged higher on fall in local crude stockpiles
U.S. oil prices inch up in early Asian trade on Wednesday to move away from lows hit in the previous session,…
Asian shares trade mixed after Fed raises rates; dollar downbeat
Asian markets traded mixed Thursday in what proved to be a choppy session after the U.S. Federal Reserve raised…
Oil prices set for weekly drop as concerns about rising supply weigh
Oil prices were set to fall this week, with both benchmarks dropping slightly on Friday, on concerns among…
Oil extends gains on IEA growth forecasts, hopes for OPEC-US shale producer talks
Oil prices extended gains on Tuesday for the fifth straight day, underpinned by robust demand forecasts and…
Markets in Asia slip, but China markets buck the trend to edge higher
Asian stocks traded mixed on the first trading day of the month after finishing February with losses. Declines in…
Asian shares decline on softer Wall Street lead; dollar holds onto overnight gains
Asian indexes traded lower Tuesday, tracking declines seen on Wall Street in the previous session. Tokyo's…
Asia markets carve out slight gains as the dollar continues to languish
Asian stocks notched moderate gains on Wednesday, tracking sizable increases seen on Wall Street overnight as the…
Oil prices climb on expected drop in US crude stocks
Oil markets nudged higher on Tuesday, buoyed by expectations of a drop in U.S. crude stockpiles and after last…
Oil prices fall after US drillers add rigs
Oil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their…
Oil markets on tenterhooks ahead of OPEC meeting in Vienna
Oil markets were cautious on Thursday ahead of an OPEC meeting in Vienna, with producers set to debate an…
Oil prices fall on uncertainty over OPEC output cuts, pipeline restart
Oil prices slipped in early Asian trade on Tuesday amid uncertainty over a possible extension of output cuts by…
US oil prices rise to two-year high on Keystone pipeline outage
U.S. crude oil rose to a two-year high on Friday, as the shutdown of a major crude pipeline from Canada to the…
US crude surges 2.4%, settling at 8-month high of $53.90, on hopes OPEC will extend output…
Oil prices surged higher on Friday on support among the world's top producers for extending a deal to cut output.…
Oil prices up on signs of tighter market, but 2018 looks more uncertain
Oil prices edged up on Wednesday, rising for a third day, on signs that markets are gradually tightening after…
Oil rises after Iraq signals possible OPEC cut extension
Oil prices rose on Wednesday after Iraq's oil minister said OPEC and other crude producers were considering…
Libya’s biggest oil field expected to reopen Wednesday after deal
Libya’s largest oil field is due to reopen on Wednesday after a forced closure of more than two weeks, putting…
Oil prices firm on optimism over declining stocks
Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a…
Oil prices climb off 10-month lows as US stockpiles drop
Oil prices rose on Thursday for the first time in three days after U.S. crude and gasoline stockpiles fell, but…
Kuwait says OPEC, non-OPEC could deepen oil cuts
OPEC and non-member oil producers could deepen output cuts or extend them for a year at a meeting in Vienna this…
Oil prices slip on rising US crude inventory
Oil prices fell on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that…
Oil jumps after Saudis, Russia say supply cut to be extended to March 2018
Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world's two biggest producers Saudi…
Egypt downs price of commercial sugar to 10 pounds per kg: supply minister
Producers and merchants agreed to decrease the commercial prices of sugar in the Egyptian market as of Saturday,…
Oil prices climbs on falling US crude stocks
Oil prices rose on Thursday, and Brent was firmly back over $50 per barrel, as a fall in U.S. fuel inventories and…
Saudi Arabia, Kuwait signal likely extension of oil supply cuts
Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the…
Asian markets mixed, dollar weakness drags on
Asian markets traded sideways on Friday, following a flat to lower close on Wall Street, in a light regional data…
Cairo boosts supply price of wheat for 2017 crop season- ministry
Egypt said Wednesday it raised the supply price of wheat it will buy from farmers from mid-April to mid-July to…