Oil prices down over growing global demand worries
Oil prices decreased today as investors weighed expectations of further US interest rate hikes and the prospect of softer Chinese ...
Tag: Oil
Egypt announces new oil discovery in Gulf of Suez
The Petroleum Ministry announced on Tuesday a new oil discovery in the Geisum and Tawila West Concession in the Gulf ...
Al Hamra Port extensions in New Alamein opened
Egypt's Minister of Petroleum and Mineral Wealth Tarek el-Molla opened expansion works of Al-Hamra Petroleum Port. In statements on Sunday, ...
Saudi Arabian oil giant Aramco reports $30B in Q2 profits, down nearly 40% from last year
DUBAI, United Arab Emirates — Saudi state-run oil giant Aramco said that it made $30 billion in profit in the ...
Britain commits to future North Sea oil and gas licences
LONDON — Britain on Monday committed to granting future licences for North Sea oil and gas extraction as part of ...
Egypt’s strategy has lured global investments in mining
CAIRO - Minister of Petroleum and Mineral Resources Tareq el Molla asserted Egypt, which has launched a flexible strategy to ...
‘Egypt has large potential to expand green hydrogen production’
CAIRO - Minister of Petroleum and Mineral Resources Tareq el Molla said Egypt has large oil and gas potential to ...
IMF sees high rates, oil prices and inflation worries in Middle East
WASHINGTON — Banks in the Middle East and Central Asia have very limited exposure to last month’s banking turmoil in ...
Oil prices soar on producer output cuts; World shares higher
BANGKOK — Oil prices soared nearly 6% on Monday after Saudi Arabia and other major oil producers said they will ...
Oil giant Saudi Aramco makes a historic $161B profit in 2022
DUBAI, United Arab Emirates — Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded ...
The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
It was first published on January 26, 1880 and it is part of El Tahrir Printing and Publishing House.