Markets
Rapid increases in gas production from the Egyptian «Zohr» field

The Russian energy company Rosneft said that natural gas production from the Egyptian field “Zohr”, which is the largest gas field in the Mediterranean, has more than tripled in the first half of...

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Oil prices towards relative improvement to touch 60$ a barrel

Oil prices recovered after a period of decline, but oil gains were constrained by lower expectations for global demand for the remainder of the year as economic growth slowed.  OPEC cited challenges...

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International Energy Agency: America’s largest exporter and China’s largest liquefied natural gas importer in 2024

The International Energy Agency (IEA) has predicted that the United States will become the world’s largest exporter of liquefied natural gas (LNG), while China will become its biggest importer...

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OPEC and its allies sign the permanent “Charter”

A few days ago, representatives of OPEC countries signed a new cooperation charter with other major producers, including Russia, which aims to establish a “permanent cooperation” that is...

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Libyan Oil Corporation announces the state of force majeure in Sharara field

The Libyan National Oil Corporation announced in a statement some days ago the status of force majeure and stopped shipments of crude oil in the port of Zawiya late, after the production of the field...

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Minister of Petroleum and US channel: the export of gas increases the strength of Egypt’s foreign policy

US channel CNBC said that Cairo is expected to become a gas exporter by the end of 2019, and the country has witnessed widespread interest in inspiring natural gas, especially after the success of...

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Francesco La Camera Appointed as New IRENA Director-General

New head of the International Renewable Energy Agency starts his four-year term Abu Dhabi, United Arab Emirates, 4 April 2019 – Today, Francesco La Camera took office as the Director-General of...

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“The next stage is exceptional in the oil industry”

“The next stage is an exceptional stage in the oil industry, and the geopolitics will have a more important factor in the markets in the coming period,” said Fatih Birol, executive...

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Qatar to exit OPEC, results and reasons

By Yara Samarraei – Dec 05, 2018 Qatar decided to withdraw from the Organization of Petroleum Exporting Countries (OPEC) and delivered an official letter to the Secretary-General of the...

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Saudi Arabia – and OPEC in general – may lose leadership of the global oil market

Analysts at the BMI Research said the potential of shale oil in the United States is still largely unknown and that the oil prospects form Iran, Libya and Venezuela are Doubtful. Analysts say Saudi...

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