oil production
US$1 billion in new investments for Khaleda and Qarun oil fields
Business
April 28, 2021
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
April 3, 2021
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
October 12, 2020
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
July 7, 2020
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
June 9, 2020
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
June 8, 2020
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
August 13, 2019
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
April 19, 2019
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
April 18, 2019
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
October 10, 2017
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…