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Eng. Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, has signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4...
Gulf Today Report Oil declined on Thursday as US crude stocks gains, reviving pandemic-led demand worries, however, US stimulus hope curbed the slip in prices. US West Texas Intermediate...
Gulf Today Report Oil prices jumped on Wednesday on high hopes for the incoming US administration going ahead with a large stimulus that will aid fuel demand and drawdown...
Gulf Today Report Oil prices fell on Friday due to growing worries about Chinese cities in lockdown and US plans for the recently unveiled large stimulus package. Brent was...
Gulf Today Report Oil products inventories at Fujairah port recorded their fourth consecutive week of decline. Middle distillates fell to an 11-week low and heavy distillates slumped for the...
Gulf Today Report Oil prices fell on Thursday as investors worry about the effect of raising coronavirus cases on demand. Brent crude oil futures fell 18 cents, or 0.3%,...
Gulf Today Report Oil prices advanced above 1% on Wednesday following the rise in US crude due to overnight drop in inventories. US West Texas Intermediate (WTI) was up...
Gulf Today Report Oil prices declined on Tuesday as soaring coronavirus cases worries investors, however, hope for a drawdown in crude oil inventory in the United States capped losses....
Gulf Today Report Oil prices slipped on Monday due to worries about global fuel demand as coronavirus restrictions across Europe toughens and China imposes restrictions due to jump in...
Gulf Today Report Oil prices record almost 11-month highs on Friday and it is likely heading for another weekly gain as Saudi Arabia plan on cutting output. Brent crude...
