Oil Prices | Egypt Oil & Gas
IMF Sees Oil Averaging $95.74 in 2026, Easing to $87.39 in 2027
The IMF expects oil prices to average $95.74 per barrel in 2026 before easing to $87.39 in 2027, according to its October 2026 World Economic Outlook (WEO), titled Resilience Under Strain, Urgent Choices. Even with th...
Oil Prices Falls as US Waiver on Russian Sanctions Raises Supply Prospects
Oil prices fell in early Asian trading on October 19 after US President Donald Trump waived sanctions and tariffs on Russia, potentially allowing more Russian fuel to reach global markets; however, ongoing disruptions...
Houthi Attacks on Saudi Push Oil Higher, Outweighing U.S.–Russia Diesel Deal
Oil prices rose to near two-week highs on October 12 as attacks on Saudi Arabia heightened concerns over Middle East supply disruptions, outweighing expectations of additional diesel supplies from Russia, Reuters repo...
EIA Raises Oil Price Forecasts as Iran War Tightens Global Markets
The US Energy Information Administration (EIA) raised its 2026 and 2027 oil price forecasts, citing rapidly declining global inventories, tight diesel markets, and continued disruptions to Middle East oil flows amid t...
Saudi Arabia Cuts November Oil Prices for Asia to Six-Year Low
Saudi Arabia has unexpectedly cut its November official selling prices (OSPs) for Asian buyers to their lowest level in six years, with the move aimed at supporting market share as elevated freight costs and regional ...
Oil Prices Drop as Gulf Supply Concerns Ease
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...
Egypt’s Oil and Gas FDI Pipeline Boosts External Resilience: Morgan Stanley
Egypt’s external vulnerability to higher oil prices is materially lower than previously assumed, with record remittance inflows and greater exchange-rate flexibility providing a crucial cushion against external shocks...
Trump Urges US Oil Companies to Cut Fuel Prices
US President Donald Trump renewed his call for oil companies to lower gasoline prices for American consumers, while criticizing Chevron CEO Mike Wirth for failing to acknowledge his administration’s support for ...
