Oil prices jump as market expects extended production cut
Oil prices were stable on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening…
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Oil prices dip as supplies remain ample despite production cuts
Oil prices dipped on Thursday, weighed down by plentiful supplies despite an ongoing effort led by OPEC to cut…
Financial crisis over, 2018 to witness boom: Egypt’s CBE governor
The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt (CBE) Tarek Amer.…
Newly-discovered gas fields for around $3.6 bln yearly: Egypt’s Sisi
Egyptian President Abdel Fattah al-Sisi said he expected that recently discovered gas fields would save Egypt…
Egypt’s oilseed imports to increase with expansions in crushing capacity
Egyptian oilseed imports are expected to grow in marketing year (MY) 2017/2018 as additional crush capacity is set…
Misr Italia buys land for $113.8 mln at Egypt’s new capital site
Egypt’s property developer Misr Italia Group has signed a contract to buy a land plot on a space of 200 feddans in…
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…
BP launches two new gas fields in Egypt
BP has started gas production from two fields in its West Nile Delta development off Egypt's coast, the second…
Sisi attends inauguration of production of Egypt’s West Delta gas fields
Egypt's President Abdel Fattah al-Sisi attended on Wednesday the inauguration of production at the West Nile Delta…
US crude settles at $47.84, breaking three-week losing streak
Oil prices were little changed on Friday, as evidence that U.S. production was still rising overshadowed hopes…
