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UAE’S DANA GAS ADDS TO EGYPT GAS RESERVES.
Egypt’s natural gas reserves are set to increase following a new gas discovery by UAE-based Dana Gas.
- 1 year, 2 months
GLOBAL MARKETS REACT TO MIDDLE EAST TENSIONS AS OIL SURGES.
European stock futures fell and oil prices surged as traders awaited Iran’s response to U.S. airstrikes on its nuclear facilities, Bloomberg reported.
- 1 year, 2 months
OIL PRICES STABILISE AS U.S.-JAPAN TRADE DEAL EASES GLOBAL SENTIMENT AMID BROADER TENSIONS.
Oil prices found stability midweek after a three-day slide, helped by a U.S.-Japan trade agreement that momentarily eased global economic tensions. Although Brent and WTI crude both showed minimal movement, the broader outlook remains uncertain with looming geopolitical risks, ongoing trade friction with the EU and China, and fluctuating inventory levels. Market players continue to weigh conflicting signals, from falling U.S. crude stocks to the potential for new sanctions on Russian oil, making the path forward complex and fragile.
- 1 year, 2 months
KUWAIT TO START WORK ON NEW GAS FIELD IN EGYPT.
Kufpec Egypt, a subsidiary of Kuwait Foreign Petroleum Exploration Company (Kufpec), and Shell Egypt have announced a final investment decision to develop gas exploration at the Mina West gas field in Egypt.
- 1 year, 2 months
SAUDI CRUDE EXPORTS HIT THREE-MONTH HIGH IN MAY.
Saudi Arabia’s crude oil exports in May rose to their highest level in three months, data from the Joint Organizations Data Initiative (Jodi) showed on Monday.
- 1 year, 2 months
WHY TURKEY ENDED THE OIL PIPELINE PACT WITH IRAQ.
Turkey’s decision to terminate its 52-year-old oil pipeline agreement with Iraq appears to be driven by growing security concerns and political tensions.
- 1 year, 2 months
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