Egypt to Purchase Insurance Against Oil Price Fluctuations

• Thursday, 26th July 2018
• by Editorial Team

The Egyptian cabinet has announced that the country will purchase insurance contracts from international financial institutions to hedge against fluctuating global oil prices.

Oil Markets Edge Upward

• Wednesday, 2nd August 2017
• by Sarah Samir

Global oil markets witnessed higher prices for a second month after the US crude market tightened following a renewed calls for the US to sanction Venezuela’s oil industry.

OPEC Agreed on Output Cuts

• Thursday, 1st December 2016
• by Egypt Oil & Gas

Crude oil prices steadied around $50 a barrel, holding onto big gains made after the Organization of Petroleum Exporting Countries (OPEC) and Russia agreed to restrict production.

Riyadh and Moscow Propose to Freeze Oil Output

• Tuesday, 16th February 2016
• by Egypt Oil & Gas

Oil ministers of Saudi Arabia and Russia, Ali Al-Naimi and Alexander Novak, held talks in Qatar on 16th February to discuss the oil market amid a push for cooperation between OPEC and other major producers to tackle ...

Venezuela, Saudi Talks Promise No Oil Supply Cuts

• Monday, 8th February 2016
• by Egypt Oil & Gas

Venezuela and Saudi Arabia held talks about mutual cooperation between OPEC members to stabilize the global oil market currently flooded with a surplus of 2mb/d.