oil
Egyptian gov’t raises fuel prices across Egypt on Friday
Egypt
July 23, 2021
Egyptian gov’t raises fuel prices across Egypt on Friday
On Friday, the Egyptian Ministry of Petroleum announced an increase in gasoline prices and fixed other fuel prices from July…
Iran opens oil terminal in Gulf of Oman to bypass Strait of Hormuz
Middle East
July 22, 2021
Iran opens oil terminal in Gulf of Oman to bypass Strait of Hormuz
DUBAI, July 22 (Reuters) – Iran has opened its first oil terminal in the Gulf of Oman, President Hassan Rouhani…
Saudi Aramco facing $50M cyber extortion over leaked data
Middle East
July 22, 2021
Saudi Aramco facing $50M cyber extortion over leaked data
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state oil giant acknowledged Wednesday that leaked data from the company —…
OPEC+ agrees oil supply boost after UAE wins argument with Saudi
Middle East
July 18, 2021
OPEC+ agrees oil supply boost after UAE wins argument with Saudi
MOSCOW/DUBAI/LONDON, July 18 (Reuters) – OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which…
Indian oil minister vows to work with Saudi, UAE to calm oil mkts
Middle East
July 17, 2021
Indian oil minister vows to work with Saudi, UAE to calm oil mkts
NEW DELHI, July 15 (Reuters) – India’s new oil minister Hardeep Singh Puri vowed to work with oil producers Saudi…
Saudi, UAE reach compromise to unlock more oil supply, says source
Middle East
July 14, 2021
Saudi, UAE reach compromise to unlock more oil supply, says source
DUBAI/LONDON, July 14 (Reuters) – Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ policy, an…
Oil to sustain surprise rally despite Iran, third COVID-19 wave threat
Middle East
June 30, 2021
Oil to sustain surprise rally despite Iran, third COVID-19 wave threat
June 30 (Reuters) – Who of the traditional bulls predicted a rally that saw oil prices doubling in the last…
UAE’s ADNOC to deepen crude oil term supply cut in Sept -sources
Middle East
June 28, 2021
UAE’s ADNOC to deepen crude oil term supply cut in Sept -sources
SINGAPORE, June 28 (Reuters) – Abu Dhabi National Oil Company (ADNOC) will reduce the volume of crude oil it supplies…
US sells off Iranian crude oil seized off coast of UAE
Middle East
May 31, 2021
US sells off Iranian crude oil seized off coast of UAE
DUBAI, United Arab Emirates (AP) — The US has sold some two million barrels of Iranian crude oil after seizing…
Following fuel hike, Uber and Careem increase fares in Egypt
Egypt
May 11, 2021
Following fuel hike, Uber and Careem increase fares in Egypt
Ride-sharing companies Uber and Careem announced an increase trip rates starting Tuesday, in response to the Egyptian cabinet’s decision to…