October 2, 2026

Trading

Significant oil discovery announced in Egypt

CAIRO: Khalda Petroleum Company, operating in the Kalabsha Development Area of the Egyptian Western Desert, announced a new oil discovery in the West Fewebs-1 area.

The well was tested by drilling 270 feet into the Paleozoic sands, and the recovery o…

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Saudi Arabia’s date exports grow by 9.9% in H1 2024

RIYADH: Saudi Arabia recorded a 9.9 percent rise in date exports in the first half of 2024 compared to the same period in 2023, Saudi Press Agency (SPA) reported.

According to the National Centre for Palms and Dates, the Kingdom exported more than SA…

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Oil Rebounds as Demand Concerns Whipsaw Investors

Oil rebounded on Wednesday after a sharp drop in the previous session ended a three-day streak of gains as investors have whipsawed worries about global fuel demand.

Brent crude futures were up 25 cents, or 0.31%, at $79.80 a barrel. US West Texas I…

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