Aramco Wraps Up $3 Billion Global Sukuk Deal

Saudi Aramco, a leading global energy and chemicals company, has finalized a $3 billion international Sukuk offering split into two tranches. Priced on September 10, 2025, the securities are now listed on the London Stoc...

Madbouly: October Fuel Price Hike Might Be the Last

Madbouly: October Fuel Price Hike Might Be the Last

Prime Minister Mostafa Madbouly said the upcoming increase in fuel prices, expected in October, may be the last major hike if current global price levels hold. He emphasized that even after this adjustment, the diesel su...

Global Oil Production Decline Rate Speeds Up: IEA

Global Oil Production Decline Rate Speeds Up: IEA

The global average decline rate of oil and gas fields’ production has accelerated sharply, driven by increased dependence on shale and deepwater resources, according to a report released by the International Energy Age...