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But set for monthly gain since September

Upon receiving a directive from the ministry of energy

Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd

Supply concerns in U.S. and Russia fueled a surge on Monday

Marking commodity’s second consecutive loss

OPEC maintains 2.25 mn bpd demand growth forecast

Red Sea tensions add to shipping costs but energy flows unaffected

Growth on the horizon for the MENA region, despite tensions

Imports of crude oil increased last year by 11 percent

Brent and WTI increased 0.32 and 0.40 percent, respectively

Coming from an over 3 percent dip from previous session

Deal includes developing yacht and cruise ship tourism in Egypt