oil

Oil prices rise after report shows drop in US stocks
Business

Oil prices rise after report shows drop in US stocks

Oil prices rose on Thursday after US data showed a surprise decline in inventories, suggesting that a global glut may…
Iraq to supply Egypt with 1 million barrels monthly: ambassador
Business

Iraq to supply Egypt with 1 million barrels monthly: ambassador

The Iraqi Oil Marketing Company SOMO has signed a contract for oil exports with the Egyptian government, al-Ahram quoted Iraqi…
Egypt to import 90 tons of oil: minister
Egypt

Egypt to import 90 tons of oil: minister

The Ministry of Supply and Internal Trade (Supply Ministry) contracted Wednesday on the import of 90 tons of oil, Aswat…
Saudi Aramco taps JPMorgan, Morgan Stanley for IPO, HSBC a contender: source
Business

Saudi Aramco taps JPMorgan, Morgan Stanley for IPO, HSBC a contender: source

Oil giant Saudi Aramco has asked JPMorgan Chase & Co and Morgan Stanley to assist with its upcoming mammoth IPO…
No plan to seize Iraqi oil: US Defense Secretary Mattis
Middle East

No plan to seize Iraqi oil: US Defense Secretary Mattis

US Defense Secretary Jim Mattis said Monday the United States does not intend to seize Iraqi oil, shifting away from…
Eni, BP plan more investments in Egypt than any other country
Business

Eni, BP plan more investments in Egypt than any other country

Eni and BP, Italian and British companies operating in the oil and natural gas excavation field, plan to invest more…
Oil companies optimistic about Egypt, eyeing more investment, discoveries
Business

Oil companies optimistic about Egypt, eyeing more investment, discoveries

Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now…
Sisi welcomes transforming Egypt into regional center for gas, oil commerce
Business

Sisi welcomes transforming Egypt into regional center for gas, oil commerce

President Abdel Fattah al-Sisi inaugurated, Tuesday, the Oil and Gas International Conference and Exhibition in Egypt (EGYPS 2017) which is being held in Cairo from February…
Oil prices rise as investors pour fresh cash into crude futures
Business

Oil prices rise as investors pour fresh cash into crude futures

Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and as concerns rose…
As OPEC cuts, traders send European oil volumes to Asia
Business

As OPEC cuts, traders send European oil volumes to Asia

European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to…
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