Latest in Tag: Oil Highlight
Latest in Tag: Oil
Investments in oil sector reach $10.633bn in FY2020
Foreign companies pump 94.3% of investments, state-owned companies represent 5.7%
Egypt’s Petroleum Minister to participate in South Sudan Oil & Power Conference
Egypt, South Sudan own 90% of oil production in Nile Basin
Houthis claim attack on Saudi Arabia’s Shaybah oil field
The facilities attacked included a refinery and oil storage, Al Masirah said, citing a military spokesman. It did not say when the attack took place.
Egypt’s PMI amounts to 50.3 in July: IHS Markit
Overall, firms are generally positive regarding future condition of economy, says David Owen
Oil prices fall to $61.15 per barrel as trade war subsides
Decline in oil prices to reduce fuel subsidies to 10% in Q1 of FY 2019/20
Iran captures new tanker in Gulf claiming it was smuggling oil Â
Pompeo says he is confident that US could build maritime coalition in GulfÂ
Libya’s largest oil field shut down
El Sharara oil field is located at the south-western Murzuq Desert.
Government hedges against oil price increase at under $70 per barrel
Renewal of hedging contracts every 3 months with review of oil value in markets: Source
Oil prices slightly regain ground, Brent reaches $64.93 per barrel
Price recovery backed by supply tightening, future disruptions due to Gulf tensions, says IHS Markit
Turkey urges Greek Cypriots to accept oil drilling plan
FM Cavusoglu, urged Greek Cypriot government to accept cooperation plan on drilling
Government reviews oil hedge rates after sudden fall in oil prices
State budget bore $5 difference in price of barrel for JP Morgan, Citibank
Eni completes gas processing plant with capacity of 3.2bn scf/day
Project’s investments are estimated at $5bn, says source
Oil surges above $72 per barrel awaiting regional political movements
Bank of America expects Brent to rise to $90 per barrel
Oil prices jump $0.90 per barrel, following Aramco pipeline, two Saudi oil tankers attacks
Political moves resulting from these attacks will affect oil market, says expert
Saudi oil-pumping stations attacked by drones
Houthi-run Al-Masirah TV cited military official saying seven drones staged attacks on vital Saudi installations
Egypt to renew oil hedging to shield against oil prices fluctuations: Minister of Petroleum
Renewal is essential to secure subsidy allocations from price changes, says El-Molla
Oil jumps to $73.60 as US announces return of sanctions on Iran
An oil barrel will cost $75 before end of this month..,hedging will save state millions of dollars: Source
United Energy Group acquires Kuwait Energy for $650m
Shalakany acted as sole buy side legal advisor for all Egyptian assets on this transaction
Oil price exceeds $70 per barrel due to clashes in Tripoli
We cannot predict oil price due to political fluctuations, says OPEC
Oil price increases to $67.60 supported by extending production cuts for June, US sanctions
Fair oil price in international markets is $60 per barrel, says EGPC’s ex-vice chairperson
Libya’s oil production rises to 6-year high putting pressure on OPEC deal
Brent crude oil prices stand at $66.37 per barrel in Monday trading driven by OPEC supply cuts
Petroleum Ministry to launch 3 oil, gas exploration tenders in 2019: El-Molla
The Ministry of Petroleum and Mineral Resources aims to launch three international oil and gas exploration tenders in 2019, in an effort to increase domestic oil and gas production rates, the Minister of Petroleum, Tarek El-Molla, told Daily News Egypt on Tuesday. El-Molla said that one of the bid rounds by the Egyptian Natural Gas …
As EGYPS kicks-off, how will oil prices fluctuations affect Egypt?
Brent crude settles at $62, uncertainty clouds markets, global investments in oil declined by $200bn, says Egypt’s Petroleum Minister
Maduro's oil leverage drips away
Venezuela’s socialist rulers have lived well off the nation’s oil industry for many years. But planned US sanctions could call time on Nicolas Maduro’s rule and stop the flow of foreign currency.For many years, the equation was very simple for the government in Caracas: crude oil from Venezuela was shipped to the US, the subsidiary …
Oil prices rose to $59.9 as supply declines
Economic growth slowdown in importing countries threatens OPEC’s efforts to increase oil prices
Oil prices fell to $53 due to increased supply
Talks to extend OPEC deal to cut oil production in 2019
$150m decline in foreign partners’ shares in Egyptian oilfields
Expectations of lower Brent price globally due to increased supply: source
Oil price plummeting relieves pressure on Egypt’s budget
Recent geopolitical events have sparked key role in decreased prices
Dana Gas production in Egypt fell by 5,100 barrels of oil equivalent
First deep sea well to be drilled in sector 6 early next year
US sanctions: Iran vows to sell oil, resist US 'economic war'
Iran has vowed to skirt US sanctions and keep exporting oil. The US goal of cutting Iranian oil exports to zero is already being rolled back by reality.Iran stood defiant against the reimposition of US sanctions on Monday as President Hassan Rouhani vowed to keep selling oil during what he described as a "war situation." …