Sunday 24 Nov

oil

Saudi oil export revenues decline for fourth consecutive month
2024/11/24

Saudi oil export revenues decline for fourth consecutive month

Saudi Arabia's oil export revenues fell for the fourth consecutive month in September 2024, year-over-year. This decline is attributed to reduced export volumes due to...

Bloomberg exposes secret Iranian oil shipping network to China
2024/11/23

Bloomberg exposes secret Iranian oil shipping network to China

A clandestine fleet of aging vessels has emerged as a key player in the global oil trade, approximately 40 miles east of the Malaysian peninsula....

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...

Brent crude climbs above $71 as oil prices rise slightly
2024/11/18

Brent crude climbs above $71 as oil prices rise slightly

Oil prices edged higher on Monday, but geopolitical tensions and weakening demand continue to tug the market in opposite directions. While escalating tensions between Russia...

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.

Chevron reinforces commitment to Egypt's energy growth
2024/11/10

Chevron reinforces commitment to Egypt's energy growth

Minister of Petroleum and Mineral Resources, Karim Badawy inspected the "Khangar 1" exploratory well in the North Dabaa offshore area of the Western Mediterranean. This...

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...