Oil prices
OPEC mulls big production cut of 1.5 million barrels a day
Economy
March 5, 2020
OPEC mulls big production cut of 1.5 million barrels a day
VIENNA (AP) — The oil-producing countries of the OPEC cartel are proposing a deep production cut of 1.5 million barrels…
Oil rises as Libyan oilfields shut down
Business
January 20, 2020
Oil rises as Libyan oilfields shut down
LONDON/TOKYO (Reuters) – Oil prices rose to their highest in more than week on Monday after two large crude production…
Egypt ready to deal with regional geopolitical changes: Finance Minister
Business
January 7, 2020
Egypt ready to deal with regional geopolitical changes: Finance Minister
Egyptian Finance Minister Mohamed Maait said on Monday that his country’s government was ready to deal with geopolitical changes in…
Oil price jumps on fear of Iranian retaliation against US
Business
January 3, 2020
Oil price jumps on fear of Iranian retaliation against US
LONDON (AP) — The price of oil surged Friday on concerns that Iran might respond to the killing of its…
Oil falls after three-day rally on larger-than-expected U.S. crude build
Middle East
November 6, 2019
Oil falls after three-day rally on larger-than-expected U.S. crude build
SEOUL (Reuters) – Oil prices fell on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks, after gaining…
CBE cuts interest rates by 100 basis points
Business
September 27, 2019
CBE cuts interest rates by 100 basis points
The Central Bank of Egypt (CBE)’s Monetary Policy Committee decided on Thursday to cut interest rates by 100 basis points,…
Cabinet denies rumors about raising fuel prices due to global oil production decline
Business
September 26, 2019
Cabinet denies rumors about raising fuel prices due to global oil production decline
The Media Center of the Cabinet denied the rumors circulated in some media, websites, and on social media pages about…
OPEC, allies weigh further oil production cut in December
Middle East
September 12, 2019
OPEC, allies weigh further oil production cut in December
ABU DHABI, United Arab Emirates (AP) — OPEC and its non-cartel members on Thursday discussed further cuts to oil production…
Oil climbs after bigger-than-expected fall in U.S. stockpiles
Middle East
September 11, 2019
Oil climbs after bigger-than-expected fall in U.S. stockpiles
TOKYO (Reuters) – Oil prices traded higher on Wednesday after an industry report said U.S. crude stockpiles fell last week…
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…