Oil prices

OPEC mulls big production cut of 1.5 million barrels a day
Economy

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

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

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

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

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

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

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

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

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

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…
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