crude oil
CBE: US$ 4.1 billion in tourism revenues during the first quarter
Business
February 6, 2023
CBE: US$ 4.1 billion in tourism revenues during the first quarter
The Central Bank of Egypt revealed, in the Balance of Payments report, that tourism revenues rose by 43.5 percent to…
CEO of Russia’s second biggest oil company resigns weeks after calling for end to war
World
April 21, 2022
CEO of Russia’s second biggest oil company resigns weeks after calling for end to war
One of Russia’s richest men has quit as CEO of Lukoil, the country’s second largest oil company. In a brief…
World’s top oil trader will stop buying Russian crude
World
April 17, 2022
World’s top oil trader will stop buying Russian crude
London (CNN Business) – Vitol Group, the world’s top independent oil merchant, will stop trading Russian crude oil and products…
Egypt to increase crude oil production, sign new agreements: Oil Minister
Business
December 8, 2019
Egypt to increase crude oil production, sign new agreements: Oil Minister
Egypt’s government will increase crude oil production to bridge declining domestic consumption through developing systems and procedures, offering bids, and…
Iran’s president: New oil field found with over 50B barrels
Middle East
November 10, 2019
Iran’s president: New oil field found with over 50B barrels
TEHRAN, Iran (AP) — Iran has discovered a new oil field in the country’s south with over 50 billion barrels…
UAE says it has world’s sixth-largest crude oil reserves
Middle East
November 5, 2019
UAE says it has world’s sixth-largest crude oil reserves
DUBAI, United Arab Emirates (AP) — The United Arab Emirates now says it is home to the world’s sixth-largest crude…
Iran dismisses US allegation it was behind Saudi oil attacks
Middle East
September 15, 2019
Iran dismisses US allegation it was behind Saudi oil attacks
DUBAI, United Arab Emirates (AP) — Iran denied on Sunday it was involved in Yemen rebel drone attacks the previous…
New US-led patrols in Persian Gulf raise stakes with Iran
Middle East
September 3, 2019
New US-led patrols in Persian Gulf raise stakes with Iran
DUBAI, United Arab Emirates (AP) — As the U.S. tries a new way to protect shipping across the Persian Gulf…
Environmental Agency files complaint against petroleum company due to Red Sea oil pollution
Environment
August 7, 2019
Environmental Agency files complaint against petroleum company due to Red Sea oil pollution
The Environmental Affairs Agency decided to file a complaint against the General Petroleum Company (GPC) in Ras Ghareb of the…
Oil rises for fifth straight day as market awaits Fed, stockpiles fall
Middle East
July 31, 2019
Oil rises for fifth straight day as market awaits Fed, stockpiles fall
TOKYO (Reuters) – Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories…