النفط
The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?

The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices.   The group had reached the agreement a few days ago in a...

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Oman LNG to allocated 6 million Omani Rials to cover the influence of Covid-19

Oman LNG has allocated 6 million Omani Rials to fight Covid-19. The company will contribute an amount of 2 million Omani Riyals to the fund established by the Higher Committee for Covid-19 and the...

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The United States may have to impose tariffs on oil imports if prices continue to decline

Oil prices in world markets have fallen to about $20 a barrel, the lowest level in the past two decades. The sharp decline in oil prices is attributed to the spread of Corona virus (Covid-19) and the...

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Oil prices to fall amid news of delaying the Saudi and Russian talks

Global oil prices fell after the meeting of Saudi Arabia and Russia on the trend to cut production was postponed as the spread of the Corona virus affected demand, BBC reported. Trump expected Saudi...

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Iraq Warns of the Collapse of Oil Prices Due to Abundant Supplyً

A spokesman for the Iraqi Oil Ministry said on Monday, 9th March 2020 that pumping more oil to the markets in these circumstances will lead to a price collapse because the Saudi Aramco company...

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Egypt: New agreement for oil and gas exploration in the Nile Delta with the German company, Wintershall DIA

The Egyptian Ministry of Petroleum announced on Monday that it has signed a new contract to explore for oil and gas in the Nile Delta with the German company Wintershall DIA, with investments more...

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Oman Supports Deeper Oil Output Cut in (OPEC+)

Omani Oil Minister Mohammed bin Hamad Al-Rumhi said on Saturday 8 February 2020 that his country supports the recommendations made by the technical committee in (OPEC +, which is OPEC and its allies...

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Egypt signs 9 new oil and gas exploration and production agreements in the Mediterranean and Western Sahara regions

Egyptian Oil Minister Tareq El Mulla signed nine agreements to explore for and produce oil and gas in the Mediterranean and Western Sahara regions on Monday, January 20, 2020, according to...

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Oil prices jump to $70 a barrel due to tension in the Gulf region

As tensions between the United States and Iran escalated, oil prices jumped to more than $70 a barrel. The immediate rise in prices was among the biggest jumps since the attack on Aramco oil...

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