Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead …
Tag:
Output
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forex news
Oil prices set for first weekly fall in six on oversupply
by Yomna Yasserby Yomna YasserOil prices rose on Friday but remained en route for their first week of losses in six, …
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forex news
Oil mixed on expected strong China demand, rising US output
by Yomna Yasserby Yomna YasserOil markets were mixed on Wednesday, with international crude prices supported by expectations of strong Chinese demand …
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Industry & Trade
Egyptian non-oil business activity downturn softens: PMI
by Yomna Yasserby Yomna YasserEgypt’s non-oil private sector business activity shrank at a slower pace in October as business confidence hit …
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forex news
Oil prices stable as OPEC-led supply cuts tighten market, but some caution remains
by Yomna Yasserby Yomna YasserOil prices were stable early on Tuesday, supported by a tightening market due to ongoing OPEC-led efforts …
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forex news
US crude surges 2.4%, settling at 8-month high of $53.90, on hopes OPEC will extend output cuts
by Yomna Yasserby Yomna YasserOil prices surged higher on Friday on support among the world’s top producers for extending a deal …
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forex news
Oil up on expectation of Saudi production restraint, lower US rig count
by Yomna Yasserby Yomna YasserOil prices edged up on Monday, after a two percent slide on Friday, on expectations that Saudi …
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Industry & Trade
Alexandria Petroleum’s output hits 33.9bn Egyptian pounds in FY2016/17
by Yomna Yasserby Yomna YasserEgyptian state-run Alexandria Petroleum Company’s output reached 33.9 billion Egyptian pounds ($1.9 billion) during the financial year …
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forex news
Oil steady as market conditions tighten despite rising US output
by Yomna Yasserby Yomna YasserOil markets were stable on Monday, largely holding on to Friday’s big gains even though rising U.S. …
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Industry & Trade
Egypt sees 6.2bn cubic feet up in natural gas output at end-2017/18
by Yomna Yasserby Yomna YasserEgypt expects its natural gas production to rise to 6.2 billion cubic feet per day at the …