Latest in Tag: crude Highlight
Latest in Tag: crude
Oil prices hike after EU leaders agree to ban most Russian crude imports
The President of the European Council said that the decision would immediately hit 75% of Russian oil imports.Â
Oil prices slip on the back of COVID-19 worries
Oil prices drop came amid a spike of new coronavirus infections in some major economies forced renewed restrictions or a delay of unwinding lockdowns.
Oil prices gain after US inventories drop
Oil prices also got a lift from weak US dollar as there is normally a reverse correlation between foreign exchange value of the US dollar and oil prices
Egypt increases crude imports from Kuwait
Extra 500,000 barrels per month to be supplied for refineries
Brent price decrease drives down subsidies in FY 2014/2015 budget to approximately EGP 55bn
Fuel oil, which is supplied into markets, is currently not subsidised, says expert
Continuing decline in Brent prices positively impacts Egyptian economy
“We will not increase fuel imports because the financial resources are not available,” says EGPC chairman El Molla
Elite Libya unit boosts rogue general’s Islamist hunt
Gunmen stormed the GNC in southern Tripoli on Sunday, two days after an anti-Islamist offensive launched by a rogue general in the eastern city of Benghazi.
Brent rises on tight supply; heating oil gains
US oil fell, pressured by weak manufacturing data attributed to the cold winter weather. That data overshadowed steady consumer sentiment.
Oil down on China worries, US stockpiles buildup
President Xi Jinping on Friday said China, the world’s second largest economy and top energy consumer, would not sacrifice the environment for temporary economic growth.