Reports

Oil spikes to 2008 highs as U.S., Europe mull Russian oil import ban, Iran delay

In the first few minutes of trade on Monday, both benchmarks spiked more than $10 a barrel to their highest since July 2008 with Brent at $139.13 and WTI at $130.50

Brent touches $118, nine-year high, supply issues roil oil markets

Oil prices extended their rally on Thursday, with Brent rising above $118 a barrel as trade disruption and shipping issues from Russian sanctions over the Ukraine crisis sparked supply worries, while US crude stocks fell to multi-year lows

What is Next For the Egyptian Burgeoning Oil Industry?

Egypt is expecting major investments in its oil sector this year as national and foreign oil companies increase operations across the country

Egyptian annual gas production hits 73.4bcm: Report

Egypt current production capacity of natural gas reached 73.4 billion cubic meters (bcm) per annum, according to a report published by the Egyptian Cabinet media center

Egypt breaks LNG export records with eye on Europe

The country recorded 10-year high sales in 2021 following a jump in global prices and resumption of production in its second liquefied gas facility, a flow local authorities hope to maintain as they try to become a regional hub and major player in the market

Oil slips from 7-year highs ahead of more U.S.-Iran talks

Oil prices eased on Tuesday morning ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies.

Fitch Confirms Petrochemical Projects Role in Turning Egypt into Energy Hub

Fitch Solutions said in a report that the projects implemented in the petrochemical sector enhance Egypt desire to become a regional hub for oil and gas trade, given its strategic location.

Egypt makes great strides toward green economy

Egypt has made great strides in implementing its national strategy on green economy and is expanding its investments to carry out eco-friendly projects