oil
Oil extends losses as Saudis halt Yemen strikes
Business
April 22, 2015
Oil extends losses as Saudis halt Yemen strikes
Global oil prices fell on Wednesday after a Saudi-led coalition declared an end to four weeks of air strikes in…
Libya’s rival forces warn Thinni govt against independent oil sales
Middle East
April 8, 2015
Libya’s rival forces warn Thinni govt against independent oil sales
Libyan forces opposed to the country's internationally recognised government have warned it that any attempts to export oil independently would…
New oil discovery in Western Desert
Business
April 4, 2015
New oil discovery in Western Desert
The General Petroleum Co. has made a new oil discovery in Abu Senan area in the Western Desert.A well was…
Amid Yemen chaos, China keeps oil shipments flowing
World
March 30, 2015
Amid Yemen chaos, China keeps oil shipments flowing
China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on…
Minister: Egypt state oil company signs deal to help develop Iraqi fields
Business
March 15, 2015
Minister: Egypt state oil company signs deal to help develop Iraqi fields
Egypt's state oil company signed an agreement to join Kuwait Energy in developing an oil field in southern Iraq, the…
Italy’s Eni signs heads of agreement with Egypt worth $5 billion over four-five years
Business
March 14, 2015
Italy’s Eni signs heads of agreement with Egypt worth $5 billion over four-five years
Italian oil major Eni signed heads of agreement with the Egypt worth $5 billion (LE3.4 billion) over 4-5 years, the oil…
England accuses Assad’s regime of purchasing oil from IS
Egypt
March 7, 2015
England accuses Assad’s regime of purchasing oil from IS
England has accused the Syrian government of purchasing oil shipments from the Islamic State group via mediators and considers its…
Ministry: Egypt to auction 8 oil and gas blocks in Mediterranean
Egypt
February 22, 2015
Ministry: Egypt to auction 8 oil and gas blocks in Mediterranean
Egypt will hold an international auction for eight oil and natural gas exploration blocks in the Mediterranean Sea, the oil…
Oil steadies around $61, Kuwait sees prices supported
Business
February 16, 2015
Oil steadies around $61, Kuwait sees prices supported
Oil steadied around $61 (£39.5) a barrel on Monday, holding gains from last week, after Kuwait's oil minister said lower…
Apache 2014 4Q production down from 2013, company says
Business
February 12, 2015
Apache 2014 4Q production down from 2013, company says
The Apache Corporation has released its financial results for 2014 operations, with a statement by the company denoting a drop in…