Oil Prices Drop as Gulf Supply Concerns Ease

• Tuesday, 22nd September 2026
• by Doaa Ashraf

Oil prices fell On September 22, with Brent crude declining 1.39% to $98.68 a barrel, while US West Texas Intermediate (WTI) crude dropped 2.05% to $90.20 a barrel. Investors are closely monitoring possible talks betw...

Saudi Energy Says Global Oil Cuts to Exceed 19 mmbbl/d

• Tuesday, 14th April 2020
• by Editorial Team

Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, opined that global oil cuts will amount to 19.5 million barrels per day (mmbbl/d) with the OPEC+ cuts and G20 pledges, according to Reuters.    OPEC and OPE...

OPEC Oil Output to Reach Record High in July

• Saturday, 30th July 2016
• by Egypt Oil & Gas

The Organization of the Petroleum Exporting Countries’ (OPEC) oil output is likely to reach its record in July, a Reuters survey found. Supply from OPEC has risen to 33.41mb/d in July from a revised 33.31mb/d in...

OPEC Chief Calls for Global Cooperation

• Tuesday, 26th January 2016
• by Egypt Oil & Gas

OPEC Secretary General, Abdullah al-Badri, has called on all oil-producing countries to cooperate in an attempt to tackle oil oversupply and remedy global oil price slide, while allowing new investments to pour into t...