Oil prices fell at settlement at the end of Monday’s trading.

Brent crude futures fell 18 cents, or 0.2 %, to settle at $84.85 per barrel.

US West Texas Intermediate crude also fell 30 cents, or 0.4 %, to reach $81.91 per barrel upon settlement.

Th…

Oil prices fell today, Tuesday, due to fears of a slowdown in the Chinese economy, which is putting pressure on demand, but the growing consensus that the Federal Reserve (the US central bank) will begin lowering interest rates next September limited …

Russia announced that the global oil market will be balanced in the second half of the year and beyond thanks to the OPEC Plus alliance agreement on production.

Russian Deputy Prime Minister Alexander Novak said that the OPEC Plus alliance, which inc…

Russia announced that the global oil market will be balanced in the second half of the year and beyond thanks to the OPEC Plus alliance agreement on production.

Russian Deputy Prime Minister Alexander Novak said that the OPEC Plus alliance, which inc…

The Ministry of Electricity and Renewable Energy revealed Tuesday that the electricity linkage between Egypt and Saudi Arabia would begin operation in Fall 2025 with a capacity of 3,000 megawatts as a first phase.

The project – implemented by a conso…

Egypt’s Finance Minister, Ahmed Kouchouk, has reaffirmed the government’s commitment to creating a strong environment that attracts both domestic and international investors across all sectors of the economy.

Speaking at the Egypt Mining Forum on Tue…

Irrigation Minister Hany Suwilam lauded the cooperation between Egypt and Italy in the field of water which is reflected in implementing ‘water knowledge project’ funded by the Italian Agency for Development Cooperation (AICS), asserting that the impo…