oil production

US$1 billion in new investments for Khaleda and Qarun oil fields
Business

US$1 billion in new investments for Khaleda and Qarun oil fields

Egyptian Minister of Petroleum and Mineral Resources, Tarek al-Molla, chaired, on Wednesday, the meeting of the general assembly of both…
Saudi minister urges caution on oil production levels
Middle East

Saudi minister urges caution on oil production levels

FRANKFURT, Germany (AP) — Saudi Arabia’s energy minister took a cautious view of any increase in oil production as members…
Five years on, Israelis see few benefits from major gas deal
Middle East

Five years on, Israelis see few benefits from major gas deal

JERUSALEM (AP) — Five years after Israel signed a landmark agreement to develop large offshore gas fields over the objections…
Iran’s oil storage almost full as sanctions and pandemic weigh
Middle East

Iran’s oil storage almost full as sanctions and pandemic weigh

LONDON (Reuters) — Iran has slashed crude oil production to its lowest level in four decades as storage tanks and…
Libya’s Sharara oilfield shut down days after restarting, engineer says
Middle East

Libya’s Sharara oilfield shut down days after restarting, engineer says

CAIRO (Reuters) — An armed group has shut down Libya’s giant Sharara oilfield days after it restarted following a long…
Saudi Arabia to end voluntary cuts on top of OPEC+ pact
Economy

Saudi Arabia to end voluntary cuts on top of OPEC+ pact

DUBAI/LONDON/MOSCOW (Reuters) — Saudi Arabia will boost output in July to match its output OPEC quota while ending voluntary deeper…
Egypt to increase oil production to 690,000 barrels per day: minister
Business

Egypt to increase oil production to 690,000 barrels per day: minister

Egyptian Minister of Petroleum Tarek al-Mulla announced a program to increase oil production and make further oil discoveries. In remarks…
Oil market likely to be well balanced in 2019, says Saudi energy adviser
Middle East

Oil market likely to be well balanced in 2019, says Saudi energy adviser

PARIS (Reuters) – Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market…
Libya’s battle for Tripoli — what you need to know
Middle East

Libya’s battle for Tripoli — what you need to know

The overthrow and killing of longtime ruler Moammar Gadhafi in 2011 plunged Libya in a conflict between rival militias. What…
Oil prices rise as OPEC says market is rebalancing
Economy

Oil prices rise as OPEC says market is rebalancing

Oil prices edged up on Tuesday as OPEC said there were clear signs the market was rebalancing and as US…
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