oil

Exclusive: Saudis to cut August oil exports to lowest level this year
Business

Exclusive: Saudis to cut August oil exports to lowest level this year

Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to…
After Iran move, Total seen in pole position to snap up Qatar gas deals
Middle East

After Iran move, Total seen in pole position to snap up Qatar gas deals

Total is well placed to take a lead role in helping Qatar expand output from the world’s largest gas field,…
Peace at risk in Nigeria’s oil heartlands as locals’ patience wears thin
World

Peace at risk in Nigeria’s oil heartlands as locals’ patience wears thin

The Nigerian government’s efforts to secure peace in the oil heartlands of the Niger Delta are empty promises, community leaders…
Egyptians express concerns following new fuel hikes
Life & Style

Egyptians express concerns following new fuel hikes

  Prices of gasoline and diesel in Egypt witnessed second hike wave on Thursday as the Egyptian government stated that…
Pakistan oil tanker explosion kills at least 120
Middle East

Pakistan oil tanker explosion kills at least 120

At least 120 people died and 130 were injured when an oil tanker truck exploded in Bahawalpur city in eastern…
Subsidized oil, sugar prices rise by LE2 each
Egypt

Subsidized oil, sugar prices rise by LE2 each

The Cabinet raised on Thursday the prices of subsidized sugar and oil by LE2 each from LE8 and LE12 to…
Multi-purpose supply vessel, largest in Middle East unveiled in Egypt
Egypt

Multi-purpose supply vessel, largest in Middle East unveiled in Egypt

Egypt unveiled on Tuesday a large multi-purpose vessel made in China that will be used to provide navigation services and…
Egypt pays off $2.2 bn as part of scheduled $4.5 bn oil debt
Egypt

Egypt pays off $2.2 bn as part of scheduled $4.5 bn oil debt

Egypt succeeded over the last three weeks, in paying off $2.2 billion dollars from oil debts dedicated to international oil…
Oil prices dip on fears Middle East spat could harm OPEC cuts
Business

Oil prices dip on fears Middle East spat could harm OPEC cuts

Oil prices reversed gains to trade down on Monday on concerns that the cutting of ties with Qatar by top…
Egypt aims to cut fuel imports to 10 percent of consumption by 2019
Business

Egypt aims to cut fuel imports to 10 percent of consumption by 2019

Egypt is looking to ramp up petroleum production over the next two years, aiming to reduce fuel imports to about…
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