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, Reuters reported. “The Minister of Petrol...

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, reports Amwal Al Ghad. Brent crude futures w...

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, Reuters reported. OPEC agreed to cut ...

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 a...

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, reported Reuters. Saudi Arabia’s Oil Minister, A...