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Homeoil prices

oil prices

Egypt Latest News

After Suez Canal traffic resumes, oil prices ease

March 29, 2021 MEO Staff

As traffic resumed in the Suez canal after the MV Ever Given, that was blocking it since Tuesday, was freed, global oil prices eased. World oil prices eased on Monday as traffic resumed on the Suez Canal [ More … ]

Analysis

Suez Canal blocked by massive container ship Ever Given

March 24, 2021 MEO Staff

One of the largest cargo container ships in the world has turned sideways and blocked all traffic in Egypt’s Suez Canal, threatening to disrupt a global shipping system already strained by the coronavirus pandemic. The MV [ More … ]

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

Egypt: Sisi is wasting billions of dollars while Egyptians are starving, Israeli newspaper

Egypt Latest News
March 25, 2023

Egypt: Amid financial crisis, IMF prepares 1st. review, World Bank approves $7bln to the country

Egypt Latest News
March 24, 2023

Egypt: Rights Watchdog calls for reintegration of released political prisoners

Egypt Latest News
March 23, 2023

Egypt: The army pressured to loosen its grip on economy, WSJ

Egypt Latest News
March 22, 2023

Egypt: Amid rising abuses in current prisons, interior ministry to operate 3 new ones

Egypt Latest News
March 21, 2023
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