Sunday 22 Dec

Gulf

Gulf oil prices surge amid ME supply shortages
2024/12/18

Gulf oil prices surge amid ME supply shortages

Middle Eastern oil markets are witnessing a decline in supply amid the UAE's intention to reduce its crude oil sales and the stumbling of Iranian...

OPEC+ postpones oil output meeting
2024/11/28

OPEC+ postpones oil output meeting

The OPEC+ alliance has postponed its online meeting on oil production, originally scheduled for the following Sunday, to December 5th. This decision was announced in...

Homzmart, Paymob partner to digitize furniture sector
2024/11/28

Homzmart, Paymob partner to digitize furniture sector

Homzmart, Egypt’s leading online furniture platform, and Paymob, the leading financial services provider in the Middle East and North Africa, have announced the signing of...

IBR eyes production boost in Western Desert, Gulf of Suez
2024/11/20

IBR eyes production boost in Western Desert, Gulf of Suez

Petroleum and Mineral Resources Minister Engineer Karim Badawy met with a delegation from IBR Company, led by Chairman Dr. Mahmoud Dabous. The discussion centered on...

Oil prices decline following China's disappointing stimulus plan
2024/11/11

Oil prices decline following China's disappointing stimulus plan

Oil prices dipped on Monday after China announced a stimulus package that fell short of expectations.

Egypt, UAE collaborate on AI-powered oil reservoir management
2024/11/09

Egypt, UAE collaborate on AI-powered oil reservoir management

Ministry of Petroleum and Mineral Resources and Dragon Oil, a leading UAE-based oil and gas company, have signed a Memorandum of Understanding (MoU) to collaborate...

Weak China demand weighs on oil prices
2024/11/09

Weak China demand weighs on oil prices

Oil prices dipped this week as investors grappled with uncertainty following the U.S. presidential election. While China's recent stimulus measures failed to significantly boost market...