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oil and gas

Aug 18

Iranian heavy crude oil price rises $1.77 per barrel in July: OPEC

Iranian heavy crude oil price rises $1.77 per barrel in July: OPEC

TEHRAN- Iranian heavy oil price increased $1.77 in July, according to OPEC’s latest monthly report published on Friday.

Iran sold its heavy crude oil at $62.65 per barrels in the mentioned month, registering"...

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Aug 15

Report Accuses Two Lebanese Companies of ‘Smuggling’ Iranian Oil to Syria

Report Accuses Two Lebanese Companies of ‘Smuggling’ Iranian Oil to Syria

A report accused two 'Lebanese' companies of 'smuggling' Iranian oil to the Syrian regime, in violation of US sanctions against Tehran, the Saudi Asharq al-Awsat reported on Wednesday.

While some"...

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Aug 08

Gas sector a catalyst for further cooperation between Lebanon and Egypt

Gas sector a catalyst for further cooperation between Lebanon and Egypt

The first six months of 2019 saw an unusual series of meetings between Lebanese and Egyptian officials, with energy cooperation at the core of these discussions. If memory serves well, the frequency is unprecedented.

The"...

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Aug 01

Oil rises for the fifth session as stockpiles fall

Oil rises for the fifth session as stockpiles fall

LONDON: Oil prices rose for a fifth day on Wednesday, supported by a drop in US inventories and investor expectations that the US Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago.
Brent crude futures LCOc1, the international"...

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Jul 30

Oil edges up on prospect of US interest rate cut

Oil edges up on prospect of US interest rate cut

NEW YORK: Oil prices rose on Monday as the prospect of an expected interest rate cut by the US Federal Reserve overshadowed pessimism over US-China trade talks and worries about slower global economic growth.
Brent crude gained 25 cents to settle at $63.71 a barrel, while US West"...

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Jul 28

Rahi reviews Qadisha electricity plan with Energy Minister

Rahi reviews Qadisha electricity plan with Energy Minister

NNA - Maronite Patriarch, Cardinal Bechara Boutros al-Rahi, met Saturday with Water and Energy Minister, Nada Boustani, in the presence of the Lebanese Electricity Company's General Director, Kamal Hayek, and an accompanying ministerial team.

The meeting was a chance to"...

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Jul 23

Asian Markets Rise as Earnings, Trade Hopes Provide Cheer

Asian Markets Rise as Earnings, Trade Hopes Provide Cheer

Asian markets rose Tuesday, tracking gains on Wall Street with confidence given a boost by a positive earnings season and speculation top US and Chinese negotiators will hold face-to-face trade talks soon.

A bipartisan"...

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Jul 21

Boustani from Sidon: This city has the right to enjoy a clean, healthy environment, adequate infrastructure

Boustani from Sidon: This city has the right to enjoy a clean, healthy environment, adequate infrastructure

NNA - Minister of Energy and Water, Nada Boustani, on Saturday patronized the opening of the Sidon Infrastructure Forum, organized by the Ministry of Energy and Sidon Municipality, at the Sidon Municipal Palace, with the participation MP Bahia Hariri, and in the presence of a number of"...

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