February 25, 2021
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Homeoil prices

oil prices

Saudi Arabia News

KSA forced to boost borrowing as oil glut slams virus-hit economy

April 23, 2020 MEO Staff

Saudi finance minister says kingdom will also draw down up to $32bn from its reserves to finance deficit caused by twin crises Kingdom of Saudi Arabia (KSA) could be forced to borrow around $26bn more [ More … ]

Analysis

U.S. Oil Drops Below 1 cent Per Barrel As Demand Disappears!

April 20, 2020 MEO Staff

Coronavirus lockdowns have destroyed demand for oil but countries continue to produce, overwhelming storage facilities. A key American oil benchmark, West Texas Intermediate, fell by more than 80% on Monday as global oil markets continue [ More … ]

Saudi Arabia News

Saudi Arabia to slash spending by 5% as oil prices fall

March 19, 2020 MEO Staff

Saudi Arabia said the government will cut spending by 5%, or about $13.3 billion, to offset the impact of plunging oil prices and the effects of the new coronavirus on its economic outlook and deficit. [ More … ]

Column

Is Egypt’s Energy Hub Dream Falling Apart?

February 3, 2020 MEO Staff

Since the end of the 1990s, Egypt has dreamt of becoming an East Mediterranean gas and energy hub. Column By Cyril Widdershoven – Feb 01, 2020, 12:00 PM CST, Published first by oilprice.com The discoveries offshore in [ More … ]

Analysis

Sudan Protests Over Rising Prices Continue for Fourth Day

December 22, 2018 Ahmed Rashed

Ten Protests have been killed in clashes with armed police in northern and eastern Sudan. At least 10 people have been killed in protests that have swept across Sudan this week amid rising public anger over soaring [ More … ]

Egypt Latest News

Angry reactions in Egypt toward fuel price hikes for the second time in months

June 30, 2017 MEO Staff

Egypt has raised the prices of fuel by up to 55 percent, the second such increase since the local currency was floated seven months ago. Egypt has raised the prices of fuel by up more [ More … ]

Algeria

Algeria president ‘Bouteflika’ replaces PM Sellal in wake of parliamentary elections

May 25, 2017 MEO Staff

Abdelaziz Bouteflika on Wednesday appointed a new head of government, replacing Abdelmalek Sellal in the wake of parliamentary polls Algerian President Abdelaziz Bouteflika on Wednesday appointed a new prime minister to replace his confidant Abdelmalek [ More … ]

Analysis: Trump needs not to end the Iran nuclear deal
Analysis

Analysts have mixed views on Trump’s future policy

December 27, 2016 MEO Staff

US President-elect Donald Trump’s future policy will deliver a boost to the world’s largest economy, but his promises over trade barriers could be the largest risk to global trade in 2017.   According to a [ More … ]

Saudi Arabia News

What does Mohamed bin Salman want from OPEC?

November 28, 2016 MEO Staff

In a surprise move, Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene, adding that keeping output at [ More … ]

Analysis

Has The Egyptian-Saudi Relations Entered a Dark Tunnel?

September 14, 2016 Ahmed Rashed

Egypt eyes to secure a new deposit from Saudi Arabia worth $2-3 billion as part of about $6 billion in bilateral financing required to secure an IMF loan, the finance minister said in comments published [ More … ]

Egypt Latest News

Egypt Charges Large Crude Carriers Coming from the Arabian Gulf with $155,000

June 20, 2016 Ahmed Rashed

 Egypt’s Suez Canal Authority has announced on its website new toll rates for oil tankers that have gone into effect and will last for a six-month experiment. Very large crude carriers (VLCCs) crossing the canal from [ More … ]

Latest

Occupation and peace cannot co-exist, says King Abdullah of Jordan

Israel Latest News
February 25, 2021

The upcoming CIA report on Khashoggi may escalate tense US-Saudi relations

Saudi Arabia News
February 25, 2021

Egypt facing a health crisis due to decline in numbers of doctors

Egypt Latest News
February 24, 2021

Hawks in both Iran and Israel seek failure of Biden’s bid to restore nuclear deal

Iran Latest News
February 22, 2021

UAE and Saudi Arabia… “Two visions in Yemen”!!

Infograph
February 22, 2021
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