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A service for energy industry professionals · Saturday, April 12, 2025 · 802,609,951 Articles · 3+ Million Readers
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Egypt Oil & Gas Newswire

  • Published on 05:59 GMT

    BP warns of weak gas trading and climbing debt

    Energy group BP (BP.L) expects first-quarter gas marketing and trading earnings to be weak while net debt will rise, the company said this week, sending its shares lower. The update offers an early glimpse into BP’s quarterly performance at a time when …

    Source: Cyprus Mail - Uncategorized
  • Published on Apr 11, 2025

    Egypt to raise fuel prices as condition of IMF support package

    Egypt's Ministry of Petroleum announced that the government had raised fuel prices starting on Friday, marking the first increase of 2025. The move comes as part of efforts to reduce fuel subsidies in line with an $8 billion support package from the …

    Source: The New Arab - Uncategorized
  • Published on Apr 11, 2025

    After Fuel Hike ... Egypt Raises Public Transportation Fairs

    Fri 11 Apr 2025 | 05:19 PM In light of the Petroleum Products Pricing Committee's decision to adjust the price of gasoline and diesel, Cairo Governorate has amended fares for service vehicles, public transportation, mass transit, regional …

    Source: Sada Elbalad - Gov't Propaganda
  • Published on Apr 11, 2025

    BP Flags Weak Natural Gas Trading for Q1

    BP expects to post a weak natural gas trading result for the first quarter, as well as lower gas output, as the UK-based supermajor is resetting its strategy back to core oil and gas operations. Reported upstream production in the first quarter is expected …

    Source: Oil Price - Neutral
  • Published on Apr 11, 2025

    BP Sees Mixed Q1 Outlook With Flat Oil Prices, Weaker Gas Trading Ahead Of Earnings

    Stellantis N.V. STLA shares are trading lower on Friday after the company disclosed that shipments declined 9% year-over-year to around 1.2 million units in the quarter. The decline is due to lower production in North America on extended holiday downtime …

    Source: Benzinga - Neutral
  • Published on Apr 11, 2025

    BP debt set to climb by $4bn as energy giant cuts gas output guidance

    The oil supermajor forecasts net debts being around $4bn (£3.1bn) higher By HARRY WISE Updated: 06:21 EDT, 11 April 2025 BP expects its debts to swell and gas production levels to fall for the opening three months of 2025.  The oil supermajor forecasts net …

    Source: Daily Mail - Right-wing
  • Published on Apr 11, 2025

    BP warns about lower production in the first quarter and weak gas sales

    Energy group BP said that it expects the first-quarter production of oil and gas to be lower than in the previous quarter. Lower gas output in Egypt and Trinidad and asset sales will offset gains in oil. The trading update provides an early look at BP' …

    Source: World Energy News - Connecticut - Label Pending
  • Published on Apr 11, 2025

    Egypt raises fuel prices

    Arab Finance: Egypt increases prices of all fuel types and butane gas starting Friday, April 11th, 2025, according to a decision announced by the Ministry of Petroleum and Mineral Resources, as per a statement. The price of 95-octane gasoline now stands at …

    Source: Zawya - Uncategorized
  • Published on Apr 11, 2025

    Egypt Hikes Fuel Prices For First Time In 2025 As IMF Mandates Subsidy Cuts

    Egypt has raised fuel prices by up to 15%, marking its first price hike of 2025, as part of efforts to reduce fuel subsidies in line with the terms of its International Monetary Fund (IMF) $8 billion loan agreement. The price increases, ranging from 11.76% …

    Source: Arise News - Neutral
  • Published on Apr 11, 2025

    Egypt signs $235mln contracts with US's PRL to modernize 100 locomotives

    Arab Finance: Egypt’s National Railways Authority signs three contracts with American company Progress Rail (PRL) to modernize 100 Henschel locomotives, supply spare parts for 141 units over 15 years, and provide technical support for 10 years, as per a …

    Source: Zawya - Uncategorized
  • Published on Apr 11, 2025

    BP lowers outlook for gas production in first quarter and flags ‘weak’ trading

    BP has lowered its outlook for gas production in the first quarter of 2025 while the energy giant said debts are set to jump. The London-listed company said production will be lower in gas and low-carbon energy for the first three months of the financial  …

    Source: Express & Star - Neutral
  • Published on Apr 11, 2025

    Egypt raises gasoline, diesel, butane, and other fuel prices amid ongoing subsidy reform

    The Automatic Petroleum Products Pricing Committee announced gasoline and diesel price increases on Friday. The prices of mazut supplied to electricity and food industries, along with natural gas for vehicles, will remain unchanged. However, the government …

    Source: Egypt Independent - Pro-Government
  • Published on Apr 11, 2025

    Egypt Sees New Hike in Gasoline, Diesel Prices Starting Friday

    Fri 11 Apr 2025 | 05:06 AM A government source said that there is a movement in fuel prices and implementation will be within hours, according to "Extra News" channel. The Automatic Pricing Committee for Petroleum Products is expected to decide …

    Source: Sada Elbalad - Gov't Propaganda
  • Published on Apr 11, 2025

    Egypt raises fuel prices for first time in 2025

    CAIRO: Egypt hiked prices on fuel products on Friday by up to almost 15%, state media reported, marking the first increase in 2025 as the government seeks to reduce fuel subsidies as required by the International Monetary Fund's (IMF) $8 billion …

    Source: Zawya - Uncategorized
  • Published on Apr 10, 2025

    Cabinet commends war against Al-Shabaab, approves pact with Egypt

    Turkey Signs Onshore Oil Exploration Deal with Somalia Amid Security Concerns Turkey and Somalia have signed a new onshore oil and gas exploration agreement, granting Turkey’s state-run energy firm rights to conduct seismic surveys across three land blocks …

    Source: Garowe Online - Label Pending
  • Published on 05:06 GMT

    Israel and the Gulf states: Two pillars of US fossil capitalism

    Adam Hanieh is a professor of Political Economy and Global Development, whose research focuses on capitalism and imperialism in the Middle East. His latest book is Crude Capitalism: Oil, Corporate Power, and the Making of the World Market. Hanieh will be …

    Source: Green Left - Left-wing
  • Published on Apr 10, 2025

    Egypt to sell stakes in military-owned companies

    Dozens of military-owned companies have flourished since Abdel Fattah al-Sisi, a former armed forces chief, became president in 2014 [Getty] Egypt will offer stakes in military-owned companies through its sovereign wealth fund, the cabinet said on …

    Source: The New Arab - Uncategorized
  • Published on Apr 9, 2025

    Egypt plans to sell stakes in military-owned companies

    Egypt will sell stakes in several military-owned companies through its $12 billion sovereign wealth fund. Egypt will sell stakes in several military-owned companies through its $12 billion sovereign wealth fund, including Safi, Wataniya Petroleum, Chillout …

    Source: Business Insider Africa - Neutral
  • Published on Apr 9, 2025

    Egypt, Sweden explore enhanced cooperation on green transition, climate action

    Egypt’s Minister of Environment, Yasmine Fouad, met with Swedish Ambassador to Cairo, Dag Juhlin-Dannfelt, to explore opportunities for strengthening bilateral cooperation on green transition efforts and climate change mitigation. The meeting was attended …

    Source: Daily News Egypt - Pro-Government

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