Oil prices

Egyptian gov’t raises fuel prices across Egypt on Friday
Egypt

Egyptian gov’t raises fuel prices across Egypt on Friday

On Friday, the Egyptian Ministry of Petroleum announced an increase in gasoline prices and fixed other fuel prices from July…
Saudi, UAE reach compromise to unlock more oil supply, says source
Middle East

Saudi, UAE reach compromise to unlock more oil supply, says source

DUBAI/LONDON, July 14 (Reuters) – Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ policy, an…
Oil nears three-year high after OPEC fireworks
Middle East

Oil nears three-year high after OPEC fireworks

LONDON, July 6 (Reuters) – Oil prices were heading towards three-year highs on Tuesday, towing petrocurrencies and bond yields with…
Saudi Aramco third-quarter profit slumps 44.6% as pandemic chokes demand
Middle East

Saudi Aramco third-quarter profit slumps 44.6% as pandemic chokes demand

DUBAI (Reuters) – Saudi Arabian state oil group Aramco on Tuesday reported a 44.6 percent drop in third-quarter net profit,…
Oman to impose value-added tax amid pandemic fallout
Middle East

Oman to impose value-added tax amid pandemic fallout

DUBAI, United Arab Emirates (AP) — Oman issued a royal decree on Monday that sets the stage for the sultanate…
Oil slips as demand concerns rise, Libya output looms
Middle East

Oil slips as demand concerns rise, Libya output looms

LONDON (Reuters) – Oil prices slipped on Monday amid concerns about a stalled global economic recovery and falling fuel demand,…
Saudis see high hopes for 2020 upended by pandemic
Middle East

Saudis see high hopes for 2020 upended by pandemic

DUBAI, United Arab Emirates (AP) — This was supposed to be Saudi Arabia’s year to shine as host of the…
Hit by coronavirus and Trump, Iran’s oil exports dwindle to record low
Middle East

Hit by coronavirus and Trump, Iran’s oil exports dwindle to record low

LONDON (Reuters) — Iran’s oil exports have sunk to a record low as the coronavirus crisis compounds the impact of…
Saudi Aramco debt to climb as world’s largest dividend weighs
Economy

Saudi Aramco debt to climb as world’s largest dividend weighs

LONDON (Reuters) — Saudi Aramco’s debt is expected breach target levels as an oil price collapse triggered by the coronavirus…
Built for a global economy, Dubai now threatened by virus
Middle East

Built for a global economy, Dubai now threatened by virus

DUBAI, United Arab Emirates (AP) — Dubai built a city of skyscrapers and artificial archipelagos on the promise of globalization,…
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