crude oil
Iraqi crude oil to arrive in Egypt within 2 weeks
Egypt
May 6, 2017
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
April 13, 2017
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
April 12, 2017
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
April 4, 2017
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
March 15, 2017
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
February 6, 2017
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
January 31, 2017
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
December 24, 2016
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
September 12, 2016
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
August 31, 2016
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…