oil

PM follows up efforts to secure local oil needs
Egypt

PM follows up efforts to secure local oil needs

Prime Minister Moustafa Madbouly said Monday that Egypt is following up developments of the current global crises with the aim…
EU agrees to tax windfall oil and gas profits amid ‘insane race’ to tame energy crisis
World

EU agrees to tax windfall oil and gas profits amid ‘insane race’ to tame energy crisis

London CNN Business  —  EU governments agreed Friday to tax the windfall profits of oil and gas companies and to…
Why the current oil boom for Arab states may be their last
Middle East

Why the current oil boom for Arab states may be their last

Abu Dhabi CNN  —  The oil boom brought about by the Ukraine war has made energy-rich Middle Eastern countries extraordinarily…
Cheaper oil and Ukraine war are blowing a hole in Russia’s finances
World

Cheaper oil and Ukraine war are blowing a hole in Russia’s finances

London CNN Business  —  There are new signs of strain in the Russian economy as energy prices fall and nearly…
Egypt’s natural gas exports rise in an unprecedented way
Egypt

Egypt’s natural gas exports rise in an unprecedented way

Bloomberg reported that expectations show Egypt may export 8.2 million tons of liquefied natural gas this year, due to high…
White House is not considering further releases of emergency oil at this time, official says
World

White House is not considering further releases of emergency oil at this time, official says

CNN — The Biden administration is not debating whether to unleash another round of emergency oil from the national stockpile…
Petroleum Ministry continues to secure oil products despite Ukrainian crisis
Egypt

Petroleum Ministry continues to secure oil products despite Ukrainian crisis

The Petroleum Ministry said Sunday that it is working to secure all oil products on the local market despite repercussions…
Myanmar to import Russian oil, military says
World

Myanmar to import Russian oil, military says

(Reuters) – Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a…
Prices of commodities reduced by 30%, meat sold at LE85 per kilo
Egypt

Prices of commodities reduced by 30%, meat sold at LE85 per kilo

The General Company for Wholesale Trade has 5,000 wholesale branches, and 1,350 outlets to pump all kinds of goods to…
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