crude oil

Iraqi crude oil to arrive in Egypt within 2 weeks
Egypt

Iraqi crude oil to arrive in Egypt within 2 weeks

An official source with the Ministry of Petroleum said that the Iraqi shipment of Basra crude oil, which began shipping…
World oil market ‘close to balance’ despite OPEC cuts: IEA
Business

World oil market ‘close to balance’ despite OPEC cuts: IEA

Supply and demand in the oil market are close to matching up, the IEA said Thursday, as landmark OPEC-led production…
Egypt to import 1 million barrels of crude oil a month from Iraq
Business

Egypt to import 1 million barrels of crude oil a month from Iraq

The Cabinet has agreed to import one million barrels of Iraqi oil a month, Minister of Petroleum Tareq el-Molla announced. The…
Oil prices fall as Libya’s output rebound boosts supply
Business

Oil prices fall as Libya’s output rebound boosts supply

Oil prices fell on Tuesday as a rebound in Libyan crude production combined with an increase in US drilling to…
Oil drops to 3-month low, US erases all gains since OPEC output cut
Business

Oil drops to 3-month low, US erases all gains since OPEC output cut

Oil tumbled on Tuesday after OPEC reported a rise in global crude stocks and a surprise output jump from its…
Oil prices rise as investors pour fresh cash into crude futures
Business

Oil prices rise as investors pour fresh cash into crude futures

Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and as concerns rose…
Egyptian delegation to visit Iraq in February to finalize agreement on crude imports
Business

Egyptian delegation to visit Iraq in February to finalize agreement on crude imports

A delegation from the Petroleum Ministry will visit Iraq this February to finalize the draft agreement to import crude oil,…
Egypt seeks to import crude directly from Iraq
Business

Egypt seeks to import crude directly from Iraq

Egypt's Petroleum Minister Tarek El Molla said on Thursday his country was seeking to reach an agreement with Iraq over…
Oil price falls as US drills more
Business

Oil price falls as US drills more

Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the…
Oil slips on dollar strength, still set for monthly gain
Business

Oil slips on dollar strength, still set for monthly gain

Crude oil prices slid on Wednesday, pressured by a strong U.S. dollar and high stocks of physical oil, though prices…
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