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Oil Ministry plans to clear USD 500 mn in arrears by May
Good afternoon, ladies and gentlemen, and happy almost-weekend. The news cycle isn’t showing any signs of slowing down, and we’ve…
Cabinet activates preemptive economic shield amid global energy shock
The government is slashing the state budget and ramping up the social safety net as global prices skyrocket to USD…
A more nuanced look into the impact of the Strait of Hormuz’s closure on the GCC
Hormuz typically accounts for around 25% of global seaborne oil trade and some 20% of global LNG trade
Ten Red Sea facilities in Egypt open as GCC producers run out of space
Today is day T-minus 18 out of a 25-day countdown before GCC oil producers run out of storage space
Israeli gas exports begin returning to Egypt following pre-emptive field closures
Good morning, friends. As the war in the Gulf enters its second week with little to no signs of abating,…
Egypt positions itself as a logistics bridge for the GCC amid Hormuz Strait closure
Rising costs due to higher ins. premiums, very real security risks, and simply the inability to cross the Hormuz Strait…
Egypt ups Jordan power exports despite domestic energy squeeze
In the longer term, feasibility studies are underway to expand interconnection capacity by an additional 250 kWh
A nasty mix of factors is putting pressure on the price of energy — and that’s bad for Egypt’s budget
Gulf producers only have 25 days before they run out of storage space
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