Oil Prices Within Range of $75/bbl Balance Interests of Producers, Consumers: El Molla

• Thursday, 6th July 2023
• by Sarah Samir

In an interview with CNBC Arabia on the sidelines of the international symposium of OPEC in Vienna, Minister of Petroleum and Mineral Resources Tarek El Molla confirmed that oil prices within the range of $75 per ...

EU Exploring Various Ideas for Price Capping

• Wednesday, 5th October 2022
• by Israa Ibrahim

According to the EU's head of energy policy, the European Commission is exploring different forms of gas price capping, including one that targets gas used in power generation and a temporary "flexible" price cap, ...

European Commission Warns EU That Gas Price Cap Poses Risks

• Thursday, 29th September 2022
• by Israa Ibrahim

In response to appeals from several nations for Brussels to act to control skyrocketing gasoline costs, the European Commission has issued a warning to EU member states that a broad cap on gas prices could be diff ...

Some EU Member States Push for Bloc-Wide Gas Price Cap

• Wednesday, 28th September 2022
• by Israa Ibrahim

A number of EU nations are urging Brussels to present proposals this week for a natural gas price cap that would apply to the entire EU, according to a letter seen by Reuters.

Nigeria’s Diesel Price Crashes by 42%

• Monday, 19th June 2017
• by

NNPC announced that the price of diesel has crashed by about 42% nationwide,.

Liberian Government Increases Fuel Prices

• Tuesday, 21st March 2017
• by

The new prices have increased from $3.16 to $3.26 for a gallon of gasoline, while the retail pump price for a gallon of diesel fuel has increased from US$3.13 to $3.26.

Kuwait Favors an OPEC Output Cut Extension

• Wednesday, 15th March 2017
• by Dr. Mahinaz El-Baz

Kuwait wants the Organization of Petroleum Exporting Countries (OPEC) to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market.

UAE to Increase Fuel Prices in March

• Tuesday, 28th February 2017
• by Editorial Team

The UAE has seen hikes in petrol and diesel prices since the start of 2017, for three consecutive months now.

Tanzania to Set Natural Gas Rates

• Thursday, 29th December 2016
• by Editorial Team

Tanzania will start setting indicative prices for natural gas to guide potential investors. The Energy and Water Utilities Regulatory Authority (Ewura) is expected to announce the first list of the prices for 2017 by ...

Khartoum, Juba Extended Oil Agreements

• Wednesday, 21st December 2016
• by Editorial Team

Sudan and South Sudan agreed to extend the financial arrangements on agreement in the oil field.