Latest news with #DavidGoodman
Zawya
04-07-2025
- Business
- Zawya
OPEC+ brings policy meeting forward to Saturday, sources say
A group of eight OPEC+ producers will hold a virtual meeting to decide on output policy on Saturday, July 5, a day earlier than originally planned, two sources from the group said on Friday. The group, which includes Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazakhstan and Algeria, is expected to agree to an increase of 411,000 barrels per day for August, sources told Reuters. (Reporting by Ahmad Ghaddar and Olesya Astakhova Editing by David Goodman )
Zawya
01-07-2025
- Business
- Zawya
Saudi Arabia raised crude exports in June, Kpler data shows
Top oil exporter Saudi Arabia increased its crude exports in June by 450,000 barrels per day (bpd) from May's level, Kpler data showed, to its highest in more than a year. The increase was against a backdrop of concern over supply disruption because of conflict in the Middle East as well as a U.S. attack on Iranian nuclear sites. Saudi crude exports rose to 6.33 million bpd in June from 5.88 million bpd in May, Kpler data shows. The increase from Saudi Arabia as part of efforts to build market share also coincided with a decision by OPEC+ to raise its oil output quotas in June by 411,000 bpd. (Reporting by Reuters Editing by David Goodman)
Zawya
23-06-2025
- Business
- Zawya
Egypt's wheat imports down 30% since beginning of 2025
CAIRO - Egypt has imported 4.9 million metric tons of wheat, 4.2 million tons of corn and 2.2 million tons of soybeans so far this year, the agriculture ministry said on Monday. Last year, Egypt imported over 7.1 million tons of wheat, 4 million tons of corn, and 1.8 million tons of soybeans from the beginning of January through the end of June. That marks a 30% drop in wheat imports, a 4% decrease in corn imports, and a 22% rise in soybeans imports, according to trading data seen by Reuters. The ministry also said it is considering new origins for strategic commodities. (Reporting by Mohamed Ezz Editing by David Goodman and Joe Bavier)
Zawya
19-06-2025
- Business
- Zawya
Jordan tenders to buy 120,000 tons of feed barley, traders say
HAMBURG - Jordan's state grains buyer has issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said on Thursday. The deadline for submission of price offers is June 25. A new announcement had been expected by traders after Jordan made no purchase in its previous tender for 120,000 tons of barley on Wednesday. Shipment in the new tender is sought in a series of possible combinations in consignments of 50,000 to 60,000 tons for September 16-30, October 1-15, October 16-31 and November 1-15. Jordan has also issued a separate tender to buy up to 120,000 tons of wheat, closing on June 24. (Reporting by Michael Hogan Editing by David Goodman )
Zawya
24-04-2025
- Business
- Zawya
Lebanon receives $250mln World Bank loan to ease power problems
DUBAI - The World Bank has granted Lebanon a $250 million loan aimed at helping alleviate persistent power cuts worsened by last year's war between Israel and Hezbollah, the country's finance ministry said on Thursday. Even before the conflict, Lebanon had for years been struggling with a severe shortage of imported fuel and poor infrastructure. Following the conflict, however, the World Bank said it would need around $11 billion for reconstruction and recovery. The fighting between the Iran-backed group and Israel ended for the most part in November through a brittle ceasefire brokered by the United States, though the two sides accuse each other of failing to fully implement the deal. Lebanon had said it received preliminary approval to increase a World Bank reconstruction loan to $400 million from $250 million. The loan is part of a $1 billion reconstruction programme, with the remainder of the financing to come from international aid. (Reporting by Elwely Elwelly Editing by David Goodman and Joe Bavier)
