Friday 20 backend.Sep

oil

Oil prices steady ahead of Fed rate hike, Brent Crude hits $73
2024/09/17

Oil prices steady ahead of Fed rate hike, Brent Crude hits $73

Oil prices have remained relatively steady as concerns about weakening demand forecasts offset the anticipated impact of an interest rate cut by the Federal Reserve....

Oil prices stabilize following the resumption of Libyan exports
2024/09/16

Oil prices stabilize following the resumption of Libyan exports

Oil prices have stabilized after posting their first weekly gain in a month, as a decline in Libyan exports offset signs of a deepening economic...

BP invests $200M to boost Raven Field gas production
2024/09/14

BP invests $200M to boost Raven Field gas production

Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, met with Engineer Nader Zaki, Regional President of British Petroleum (BP) in the Middle East and...

UAE’s Mubadala interested in Egypt's Mediterranean gas tender
2024/09/07

UAE’s Mubadala interested in Egypt's Mediterranean gas tender

Engineer Karim Badawy, Minister of Oil and Mineral Resources, stressed the distinguished relations between Egypt and the Emirates. He emphasized that investments in the energy,...

Decreased demand drives oil prices lower
2024/09/04

Decreased demand drives oil prices lower

Oil prices fell slightly on Tuesday, having declined by nearly 5% the previous day. The potential resolution of Libya's political turmoil shifted attention back to...

Taqa Arabia Egypt's oil discovery surges to 12,000 barrels daily
2024/09/02

Taqa Arabia Egypt's oil discovery surges to 12,000 barrels daily

A recent oil discovery in Egypt has shown promising results during flow rate testing, indicating its potential for commercial production. This significant milestone is expected...

New oil discovery announced in the Western Desert
2024/08/28

New oil discovery announced in the Western Desert

Khalda Petroleum, representing the American Apache Corporation and the Egyptian General Petroleum Corporation, announced, Tuesday, a new oil discovery in the West Fayoum-1 area of...

Oil prices soar after Israeli strike on Hezbollah
2024/08/26

Oil prices soar after Israeli strike on Hezbollah

Oil prices soared following an Israeli airstrike on Hezbollah targets in southern Lebanon, escalating tensions in the Middle East. Brent crude climbed to $80 per...