oil
Why Saudi Arabia defied the US over OPEC oil supply cut
Middle East
October 8, 2022
Why Saudi Arabia defied the US over OPEC oil supply cut
Abu Dhabi CNN — Saudi Arabia’s energy minister once famously said that the kingdom “derives pleasure from keeping everyone on…
PM follows up efforts to secure local oil needs
Egypt
October 3, 2022
PM follows up efforts to secure local oil needs
Prime Minister Moustafa Madbouly said Monday that Egypt is following up developments of the current global crises with the aim…
EU agrees to tax windfall oil and gas profits amid ‘insane race’ to tame energy crisis
World
October 1, 2022
EU agrees to tax windfall oil and gas profits amid ‘insane race’ to tame energy crisis
London CNN Business — EU governments agreed Friday to tax the windfall profits of oil and gas companies and to…
Why the current oil boom for Arab states may be their last
Middle East
September 20, 2022
Why the current oil boom for Arab states may be their last
Abu Dhabi CNN — The oil boom brought about by the Ukraine war has made energy-rich Middle Eastern countries extraordinarily…
Cheaper oil and Ukraine war are blowing a hole in Russia’s finances
World
September 18, 2022
Cheaper oil and Ukraine war are blowing a hole in Russia’s finances
London CNN Business — There are new signs of strain in the Russian economy as energy prices fall and nearly…
Egypt’s natural gas exports rise in an unprecedented way
Egypt
September 17, 2022
Egypt’s natural gas exports rise in an unprecedented way
Bloomberg reported that expectations show Egypt may export 8.2 million tons of liquefied natural gas this year, due to high…
White House is not considering further releases of emergency oil at this time, official says
World
September 10, 2022
White House is not considering further releases of emergency oil at this time, official says
CNN — The Biden administration is not debating whether to unleash another round of emergency oil from the national stockpile…
Petroleum Ministry continues to secure oil products despite Ukrainian crisis
Egypt
September 5, 2022
Petroleum Ministry continues to secure oil products despite Ukrainian crisis
The Petroleum Ministry said Sunday that it is working to secure all oil products on the local market despite repercussions…
Myanmar to import Russian oil, military says
World
August 20, 2022
Myanmar to import Russian oil, military says
(Reuters) – Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a…
Prices of commodities reduced by 30%, meat sold at LE85 per kilo
Egypt
July 28, 2022
Prices of commodities reduced by 30%, meat sold at LE85 per kilo
The General Company for Wholesale Trade has 5,000 wholesale branches, and 1,350 outlets to pump all kinds of goods to…