Brent
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Sonatrach Retains November Saharan Blend OSP
Wednesday, 23rd October 2019
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.
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Traders Eye $100 WTI Ahead of Iran Sanctions
Thursday, 4th October 2018
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week.
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Crude Rises to Levels Unseen Since 2015
Wednesday, 27th December 2017
Following a pipeline explosion in Libya, oil prices rose to highs not seen since mid-2015.
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El Molla: Egypt’s Fuel Subsidy to Exceed EGP 110b
Monday, 8th May 2017
Fuel subsidy increased well above EGP 110b, from an estimated EGP 35b in the budget. -
Egypt Postpones Bid Round Due to Oil Prices
Monday, 11th January 2016
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. -
Vitol to Export First US Oil Cargo, US WTI Hits Premium over Brent
Tuesday, 29th December 2015
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 Price Slides on Weak China Data, Record Russian Output
Monday, 2nd November 2015
Oil prices dropped again on Monday in response to weak economic data from China and record-high production figures from Russia. -
Investment Banking Giant Goldman Sach’s Says Oil Could Drop to $20
Sunday, 13th September 2015
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. -
Falling Brent Prices Push IOCs to Cut Production in Egypt
Thursday, 27th August 2015
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 Drop Amid Global Downturn
Tuesday, 25th August 2015
Oil prices for benchmark WTI and Brent crude fell on Monday as stock markets suffer heavy losses and global markets slow down, reported Reuters.
Latest News
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El Molla Inspects Progress of New Alamein Pipeline Project
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Egypt Plans to Achieve Diversity in Clean Energy Resources by 2025: El Molla
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GUPCO to Invest $562 MM in FY 2020/21
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021