Algeria’s Sonatrach has kept the official selling price of its Saharan blend crude for November loadings the same as it was a month earlier.

The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week.

Following a pipeline explosion in Libya, oil prices rose to highs not seen since mid-2015.

Fuel subsidy increased well above EGP 110b, from an estimated EGP 35b in the budget.

The Egyptian General Petroleum Corporation (EGPC) decided to postpone planned bid round until prices of Brent oil stabilize in international markets. The bid round was intended to be launched early 2016, offering 10 concessions for exploration in Western Desert and Gulf of Suez.

Switzerland-based Vitol has been announced to load the first US export cargo after 40 years from the Enterprise Products Partners' Houston terminal in the first week of 2016. US West Texas Intermediate (WTI) keeps maintaining its newly acquired premium over Brent.

Oil prices dropped again on Monday in response to weak economic data from China and record-high production figures from Russia.

The investment bank Goldman Sach’s recently released a report saying that oil prices could drop to $20/barrel, at least in the short term, USAToday reported.

The Ministry of Petroleum announced the stabilization of crude oil production at 695,000 b/d during the current fiscal year in the context of foreign partners continuing to reduce their exploration investments.

Oil prices for benchmark WTI and Brent crude fell on Monday as stock markets suffer heavy losses and global markets slow down, reported Reuters.