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Israeli gas imports ramping back up, but still at barely a quarter of pre-war rate
Israel is reportedly upping its gas exports now its domestic needs have been met
You’re going to pay more at the pumps today
Prices have now risen 16-25% in 2023
Not all doom and gloom on the energy front…
Eni is conducting further exploration before it begins drilling operations
Gas supplies to energy-intensive industries slashed by up to 30%
The move comes after gas imports fell to zero following Israel’s suspension of all gas exports to Egypt
Last Night’s Talk Shows on the conflict in Gaza and its effect on Egypt’s economy
Economist Medhat Nafei told El Hekaya that war will set us back USD 2.6-3.6 bn this year
MPs approve fresh borrowing, oil exploration
The government will borrow USD 500 mn from Deutsche Bank and Bank ABC to fund healthcare and education spending
Gaza escalation fears continue to shape global markets, but not so much in the Middle East
Some traders are entering into options contracts wagering USD 100 a barrel oil
Our gas imports just went to zero
Israel has reportedly cut its Egypt-bound gas imports of 800 mmcf/d to zero
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