Thursday, 10th December 2020
Egypt has doubled its oil hedges during the fiscal year (FY) 2020/21 as a precautionary measure against the possible increase of oil prices, Finance Minister Mohamed Maait told Bloomberg in an interview.
Tuesday, 1st December 2020
Oil prices are expected to remain at $50 per barrel (bbl) until the end of 2021 when a vaccine is available, Minister of Petroleum and Mineral Resources, Tarek El Molla, stated during the sixth edition of the Mediterranean Dialogue (MED) titled “Beyond the Shock: Rethinking the Energy Industry after COVID-19”.
Sunday, 6th September 2020
Russia’s Energy Minister, Alexander Novak, has predicted that global oil demand could fall by 9-10 million barrels per day (mmbbl/d) this year due to the impact of the COVID-19 pandemic.
Sunday, 9th August 2020
China’s Crude oil imports jumped 25% during July for a year ago as a result of a huge amount of purchases made in April after oil prices drop as well as clearing customs of some cargoes which delayed at ports in June.
Wednesday, 29th July 2020
The recent oil slump has narrowed the petroleum trade deficit in Q1 2020 by $405.1 million, amounting to $40 million against 445.1 million in Q1 2019, a 91% year-on-year (YoY) decrease.
Tuesday, 21st July 2020
Minister of Petroleum and Mineral Resources Tarek El Molla stated that the prices of oil per barrel during the current year could reach between $40-50.
Monday, 22nd June 2020
Egypt Oil & Gas (EOG) will host its first webinar entitled Egypt’s Oil and Gas Sector Pandemic and Commodity Price Crash on June 24, 2020 at 12 PM.
Sunday, 21st June 2020
The Minister of Petroleum and Mineral Resources Tarek El Molla stated that the ministry aims to deliver natural gas to one million households in fiscal year (FY) 2020/21.
Sunday, 7th June 2020
The Egyptian Prime Minister, Moustafa Madbouly, has received two reports from the Information and Decision support Center (IDCS) presenting the repercussions of coronavirus pandemic on international as well as local Energy markets.
Sunday, 26th April 2020
Algerian Minister of Energy, Mohamed Arkab, said that Algeria has the means and resources necessary to overcome the world oil crisis and that the recent fall in oil prices has not impacted Sonatrach’s activity.