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The OSPs to Northwestern Europe declined by $2.5
37 minutes ago Saudi Aramco sets crude selling prices for September
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has set the official selling prices (OSPs) for its Arab light crude oil for September delivery, according to Reuters. The Saudi company has decreased the OSPs of Arab light crude oil …
The price of 24-karat gold amounted to EGP 1,046 per gram
5 August 04:05 PM Egypt's gold prices rise to all-time high
Cairo – Mubasher: Gold prices continued its rising trend in the Egyptian market, reaching an all-time high on Wednesday, according to the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC). The price of 24-karat gold …
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3 August 01:56 PM Average Dubai crude oil price rises to $43.278 pb in July
Dubai – Mubasher: The average Dubai crude price, as quoted by price-reporting agency S&P Global Platts, marked its highest since February after rising by 2.487% in July 2020, Reuters reported on Monday citing sources in the oil industry as …
The price of 24-karat gold stood at EGP 958.85 per gram
23 July 03:12 PM Gold prices register new record high in Egypt
Cairo - Mubasher: Gold prices in the Egyptian market recorded on Thursday its highest level ever, according to the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC). The higher gold prices in the Egyptian market came …
Kuwaiti oil settled at $44.45 per barrel
23 July 02:24 PM Kuwaiti oil gains $0.23 on Wednesday
Mubasher: The price of the Kuwait crude oil increased by 23 cents on Wednesday, according to data by the Kuwait Petroleum Corporation (KPC). Yesterday, Kuwaiti oil settled at $44.45 per barrel (pb), compared with $44.22 pb on Tuesday, Kuwait News …
Egypt paid EGP 16 billion to farmers
14 July 03:46 PM Egypt buys EGP 3.5m tonnes of local wheat
Cairo – Mubasher: Egypt has purchased 3.5 million tonnes of wheat from local farmers during the current harvest season which began on 15 April and will end on 15 July. The government managed to reach its goal by achieving the highest supply level, …
Aramco will decrease the August Arab Heavy crude supplies by about 10%
13 July 10:44 AM Aramco slashes August heavy crude supplies to six Asian buyers
Riyadh - Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) will slash its August-loading shipments of medium and heavy crude grades to at least six Asian buyers, Reuters reported on Monday citing sources familiar with the matter. Buyers in …
Domestic consumption of LPG fell by 2.5% YoY in 2019
12 July 04:23 PM Saudi Arabia consumes 1.5bn barrels of oil in 2019
Riyadh - Mubasher: Saudi Arabia’s local consumption of refined petroleum products, crude oil, liquefied petroleum gas (LPG), and natural gas showed marginal annual growth during 2019.  The kingdom’s domestic consumption of petroleum products …
The decision was made after reviewing Brent prices from April to June
9 July 11:08 AM Egypt keeps fuel prices on hold for 3M
Cairo – Mubasher: The Egyptian fuel pricing committee decided to maintain the prices of fuel unchanged for three months until the end of September.  The per-litre prices of 80-octane, 92-octane, and 95-octane gasoline are left at EGP 6.25, EGP …
The shipment is expected to take place between 8 and 18 August.
8 July 11:21 AM Egypt buys 230,000 tonnes of Russian wheat
Cairo – Mubasher: The Egyptian General Authority for Supply Commodities (GASC) has purchased 230,000 tonnes of Russian wheat in an international tender on Tuesday, Reuters reported. The shipment is expected to take place between 8 and 18 August. …
The offers will be received on Tuesday 12:00 pm
7 July 10:49 AM Egypt launches int’l wheat tender
Cairo – Mubasher: The Egyptian General Authority for Supply Commodities (GASC) launched on Monday a global tender to import an unspecified amount of wheat during the period from 8 to 18 August, Reuters reported. The offers will be received on …
The government pays farmers between EGP 670 and EGP 700 per ardeb
6 July 04:33 PM Egypt buys 3.5m tonnes of local wheat since mid-April
By: Mohamed Mowafy Cairo – Mubasher: The Egyptian Holding Company for Silos and Storage has received more than 3.5 million tonnes of wheat from local farmers since the beginning of this season which started in mid-April, the company’s chairman …
Fields in the zone could produce around 500,000 b/d
6 July 11:32 AM Saudi Arabia, Kuwait resume oil output from Al Wafra, Khafji
Mubasher: Saudi Arabia and Kuwait have resumed crude oil production from Al Wafra oilfield on 1 July after it has been halted for five years, the Kuwaiti Ministry of Oil announced on Monday. Meanwhile, crude oil production from Khafji oilfield, …
Aramco raised August prices to all markets
6 July 11:04 AM Saudi Aramco raises August oil prices
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has raised the August official selling prices (OSP) for its Arab light crude oil sold to all markets, Reuters reported on Monday. The oil giant set the August OSP for Asian customers …
Brent crude futures declined 56 cents
1 July 11:31 AM Kuwaiti crude oil increases $1.2 pb on Tuesday
Mubasher: Kuwaiti crude oil prices rose by $1.22 to $36.34 per barrel (pb) on Tuesday, compared to $35.12 on Monday, 29 June, according to Kuwait Petroleum Corporation (KPC). Globally, the crude oil prices fell amid the increasing concerns over …
The price for Octane 91 has been set at SAR 0.98 per litre
1 July 10:45 AM Saudi Aramco adjusts fuel prices after latest VAT hike
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has adjusted the local fuel prices after the decision to increase the value-added tax (VAT) to 15% came into effect on Wednesday.     The oil giant has set the prices for the Octane …