Brent | Egypt Oil & Gas

Oil Prices Climb Over $100 as Russia Attacks Ukraine

Oil prices surged as Brent reached $102.48 a barrel, highest since Sept 2014, on February 24th as Russia attacked Ukraine.

Sonatrach Retains November Saharan Blend OSP

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.

Traders Eye $100 WTI Ahead of Iran Sanctions

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

Crude Rises to Levels Unseen Since 2015

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

El Molla: Egypt’s Fuel Subsidy to Exceed EGP 110b

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

Egypt Postpones Bid Round Due to Oil Prices

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 ...

Vitol to Export First US Oil Cargo, US WTI Hits Premium over Brent

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 m ...

Oil Price Slides on Weak China Data, Record Russian Output

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

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

Falling Brent Prices Push IOCs to Cut Production in Egypt

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.

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