Sisi orders government to present 5-year achievements report in October
President Abdel Fattah El-Sisi on Sunday directed the government to prepare a comprehensive report on the state’s…
Browsing Tag
supply
Egypt denies summer fertiliser shortage, says stocks exceed 6 million sacks
Egypt on Thursday denied reports of a summer fertiliser shortage, saying supplies are sufficient and distribution…
UAE to exit OPEC, OPEC+ on 1 May
The United Arab Emirates announced on Tuesday it will exit the Organisation of the Petroleum Exporting Countries…
Coffee prices fall as Brazil, Vietnam see rain forecasts
Coffee futures fell on Friday, extending the previous session’s losses, as forecasts for rain in Brazil and Vietnam…
Bank of Israel maintains rate at 4.5%
Bank of Israel decided on Monday to maintain the interest rate at 4.5 per cent. Economic activity is recovering at…
Oil prices fall on rising US rig count, China industrial slowdown
Oil prices fell on Monday after U.S. energy firms added rigs for the first time this year in a sign that crude…
US crude rises 1.1%, settling at $53.69, boosted by concerns over Venezuelan crisis
Oil prices rose on Friday as political turmoil in Venezuela threatened to tighten crude supply, but concerns over…
US crude rises 1.9%, settling at $47.96, as trade talks and supply cuts boost oil
Oil rose on Friday after proposed trade talks between the United States and China eased some fears about a global…
Oil falls as Trump raps OPEC’s supply cut plan, global markets skid
Oil prices fell by around 1 percent on Tuesday, with Brent crude sliding below $70 and WTI below $60 per barrel,…
Oil prices slip on Iran sanction exemptions, economic concerns
Oil prices slipped on Tuesday, weighed down by exemptions from Washington that will allow Iran's biggest oil…
Oil prices fall on rising output from OPEC, U.S.
Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling…
Oil slips as trade tensions drag; Iran sanctions provide some support
Oil prices dipped on Tuesday as rising trade tensions dented the outlook for fuel demand growth especially in Asia,…
Brent leads crude prices higher as Norway oil workers prepare to strike
Oil prices rose on Tuesday on escalating concerns about potential supply shortages, with Brent crude leading the…
Oil prices rise on supply disruptions, US push to shut out Iran
Oil prices rose on Wednesday as a supply disruption in Canada tightened the market and after U.S. officials told…
Oil mixed in Asian trading, but pressure builds on expected crude output increase
Oil prices were mixed in Asian trading on Tuesday, but remained under pressure from expectations that Saudi Arabia…
Oil slips 2% towards $2 a barrel as Saudi Arabia, Russia consider output boost
Oil prices dropped more than 2 percent towards $77 a barrel on Friday as Saudi Arabia and Russia said they were…
Dollar rise as commodity-linked currencies slip on oil price slump
Dollar rose against a basket of peers on Wednesday, to its highest since mid November, helped by gains against…
Oil falls on expectations OPEC could boost output
Oil prices dipped on Thursday on expectations that OPEC members will step up production in the face of worries over…
Oil prices edge lower after rally, OPEC may ease supply curbs
Oil prices fell on Wednesday as the market took a breather on expectations OPEC may raise supplies as early as…
Oil prices hold gains as markets tighten amid OPEC cuts, Iran sanctions
Oil prices held firm on Tuesday as ongoing production cuts by OPEC and looming U.S. sanctions against Iran…
OPEC raises oil supply forecast on surging US output, warns about global economic growth
OPEC forecast Monday that U.S. drillers will account for most of the growth in oil production this year but warned…
Oil falls after US rig count rises; Iran concerns cap downside
Oil fell Monday as a rising rig count in the U.S. pointed to higher production, but prices held near more than…
Brent crude oil rises for a sixth day as supplies tighten amid strong demand
Brent crude oil increased for sixth day on Tuesday
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…
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…
Oil prices rise on Middle East tension, global market recovery
Oil prices rose on Tuesday, pushed up by concerns that tensions in the Middle East could lead to supply…
US crude closes 2.5% higher, buoyed by Saudi talk of extending output cuts into 2019
Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts…
Oil firm on surprise US crude inventory draw, OPEC-led cuts
Oil prices were firm on Thursday, buoyed by a surprise decline in U.S. crude inventories as well as ongoing supply…
Oil extends gains on robust OPEC compliance
U.S. oil prices extended gains on Thursday as OPEC's strong compliance with a supply reduction pact offset news…
Oil markets firm on strong demand, ongoing OPEC-led supply restraint
Oil prices held firm on Monday, supported by strong demand, a weak dollar and ongoing supply cuts lead by OPEC and…
Oil rises on economic growth and OPEC, Russian supply curbs
Oil prices rose on Tuesday, lifted by healthy economic growth as well as the ongoing supply restraint by a group…
US crude slips 57 cents, settling at $61.44 and retreating from mid-2015 highs
Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10…
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 dips on increased drilling, but OPEC cuts support global markets
U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although…
AerCap agrees to lease 6 Boeing 787-9 jets to EgyptAir
Leasing company AerCap Holdings has agreed to supply six Boeing 787-9 jets to EgyptAir under a long-term…
Egypt’s administrative court bans imports of Russian wheat with traces of fungus
Egypt's administrative court on Tuesday banned Russian imports of wheat that contain traces of ergot fungus…
Brent oil near 2-year highs as OPEC’s compliance with cuts improves
Brent crude oil prices were near two-year highs on Wednesday as OPEC has significantly improved compliance with…
Oil markets stable on tighter US market, expected extension of OPEC supply cuts
Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and…
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…
S&P ends at record high led by banks while Apple drags
The S&P 500 hit a record closing high for the second day in a row on Tuesday, with financial stocks leading…