Keywords: Oil
Global oil prices have seen a significant decline since April, yet Moroccans are feeling little relief at the pump. Amid growing frustration, many blame the government, particularly Prime Minister Aziz Akhannouch, who is also the founder of Afriquia, one of Morocco’s largest fuel distributors. Global......
An oil rig sank off the Egyptian Red Sea coast late Tuesday, resulting in the deaths of four workers, with four others still unaccounted for. Authorities are investigating the cause of the incident, which has left several injured and sparked a search-and-rescue operation. The ADMARINE12 oil rig, owned......
US President Donald Trump has escalated tensions with Spain, threatening to impose double tariffs after Spain’s refusal to commit to spending 5 percent of its GDP on defense. The remarks, made during this week's NATO summit in the Netherlands, have sparked debate over their feasibility and......
Spain's Ministry of Agriculture, Fisheries, and Food (MAPA) has announced a groundbreaking plan to stabilize olive oil prices by mandating the withdrawal of surplus stock from the market. This measure, activated under the European Union's Article 167a of Regulation 1308/2013, aims to prevent......
The number of casualties from a recent Russian drone and missile strike on Kyiv has increased to 10, including one child. Meanwhile, another Russian drone assault on Ukraine’s northeastern Sumy region has left three dead, also including a child, according to regional authorities. In Russia, two......
Oil prices dropped sharply after key OPEC+ members, including Saudi Arabia and Russia, announced an increase in production of 411,000 barrels per day for June. This follows a similar decision the previous month that had already triggered a decline in prices. The price of Brent crude dipped nearly four......
Hunt Oil Company, a prominent American oil and gas operator, has officially launched its Moroccan subsidiary, Hunt Oil Company Morocco, marking the company's entry into the Kingdom’s energy sector. This move is aimed at exploring and potentially exploiting hydrocarbon resources, pending approval......
Morocco plays a crucial role in two specific segments of the global barite market, both closely monitored through monthly reports by Fastmarkets. The first and more valuable segment involves raw, unprocessed barite with a specific gravity of 4.2, typically sold in bulk. This high-quality barite meets......
The United Nations Secretary-General has expressed serious concern regarding recent US airstrikes on a key oil port in Yemen that reportedly resulted in 80 deaths and 150 injuries, according to Houthi sources. The port of Ras Issa and nearby areas were targeted by American forces on April 17 and 18,......
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