prices | Egypt Oil & Gas - Part 2

IEA’s Birol Warns of Tight Global Oil Market in H2 2023

The surprising announcement of OPEC+ to implement voluntary production cuts of 1.66 million barrels per day from May until the end of the year could cause tightness in the second half of this year, according to Fatih ...

Egypt Raises Fuel Prices

Egypt’s Fuel Automatic Pricing Committee has adjusted the fuel prices and increased them for Q2 2023, according to a statement. As of March 2, the prices per liter are as follows; octane 80 at EGP 8.75; octane 92 at E...

Cheniere Energy’s Revenues Increase Significantly as LNG Demand Skyrockets

The largest U.S. exporter of liquefied natural gas (LNG) Cheniere Energy announced that its third-quarter LNG income has more than doubled due to increased demand following Russia’s invasion of Ukraine, Reuters ...

Saudi Arabia May Slash October Crude Prices for Asia

Due to weak demand in the region and rising arbitrage shipments, the world’s top oil exporter Saudi Arabia may lower October prices for the majority of crude grades it delivers to Asia, Reuters reported. Accordi...

Egypt’s MSIT: Bakeries Will Not Be Affected by New Diesel Prices

Minister of Supply and Internal Trade Ali Meselhy announced that bakeries will not be affected by the new prices of diesel, noting that bread prices will be the same. He added that the General Authority for Supply Com...

Egypt Raises Fuel Prices in Q3 2022

Egypt’s Fuel Automatic Pricing Committee has adjusted the fuel prices and increased them for Q3 2022, according to a statement. As of July 13, the prices per liter are as follows; octane 80 at EGP 8.00; octane 92 at E...

Oil Ministry Spokesman Denies Rumors About Natural Gas Price Hikes

Egypt’s Oil Ministry Spokesman Hamdy Abdel Aziz denied rumors about an increase in natural gas prices for households, which were recently published on social media. The official natural gas prices were published...

El Molla: No Intention to Increase Gas Price for Industrial Sector

There is no intention to move the prices of natural gas for the local industry at present, in light of the current international changes, Minister of Petroleum and Mineral Resources, Tarek El Molla, told Al-Sharq. The...

Sonatrach Inks Agreement with Eni for Developing Natural Gas Production

Sonatrach announced that it has signed an agreement with Eni to boost the development of natural gas production projects through joint efforts and to increase the volume of gas exports using the available capacities o...

European Gas Moves Forward As EU Considers New Sanctions Against Russia

Throughout Europe, natural gas prices are fluctuating as supply fears intensify alongside calls for further sanctions against Russia, Bloomberg reported. Several EU members are pressing for new sanctions to be imposed...

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