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Egypt News

Oil Prices Dip by 1% Following Egypt's Announcement of New Oil Reserves Discovery

Sarah Mitchell 30 Jan, 2025

Crude oil prices fell by 1% after Egypt announced the discovery of 8 million barrels in oil reserves in the Gulf of Suez. The Gulf of Suez Petroleum Company will exploit the well, ...

Market

Egypt's New Oil Reserves Discovery Causes 1% Drop in Crude Oil Prices

Michael Lee 30 Jan, 2025

Crude oil prices dropped by 1% following Egypt's announcement of discovering new oil reserves in the Gulf of Suez. The US also reported an increase in crude oil inventories, contri...