Sunday 22 Dec

oil

Cairon discusses expanding oil and gas operations in Egypt
2024/12/19

Cairon discusses expanding oil and gas operations in Egypt

Minister of Petroleum and Mineral Resources Engineer Karim Badawy received Alan Lynn, CEO of Cairon Energy, to discuss the company's activities in Egypt and its...

Oil prices rise; Brent crude $74.02 per barrel
2024/12/19

Oil prices rise; Brent crude $74.02 per barrel

Oil prices climbed on Wednesday, buoyed by a decline in U.S. crude stockpiles and investor anticipation of a potential Federal Reserve interest rate cut. This...

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...

Two Russian tankers damaged, cause oil spill in Black Sea
2024/12/16

Two Russian tankers damaged, cause oil spill in Black Sea

Two Russian oil tankers were severely damaged, and one person died after a powerful storm struck the Black Sea, causing an oil spill in the...

Canada considering export taxes on uranium, oil to the U.S.
2024/12/15

Canada considering export taxes on uranium, oil to the U.S.

Canada is considering imposing export taxes on key goods it exports to the United States, including uranium, oil, and potash, if U.S. President-elect Donald Trump...

OPEC renews Haitham Al-Ghais as Secretary-General
2024/12/11

OPEC renews Haitham Al-Ghais as Secretary-General

OPEC has renewed the mandate of its Secretary-General, Haitham Al-Ghais, for another three-year term starting from August 1, 2025.

Saudi Arabia to boost oil production by 1 million bpd by 2026, says Bloomberg
2024/12/10

Saudi Arabia to boost oil production by 1 million bpd by 2026, says Bloomberg

Saudi Arabia plans to add 1 million barrels per day to its oil production by September 2026, according to a statement from the eight countries...

Saudi Arabia deepens oil price cuts for Asian buyers
2024/12/09

Saudi Arabia deepens oil price cuts for Asian buyers

Saudi Arabia has significantly reduced its oil prices for Asian customers, exceeding market expectations. This move follows the OPEC+ decision to further delay planned production...