Oil prices climbed 2% on Tuesday as markets weighed August supply cuts by top exporters Saudi Arabia and Russia against a weak global economic outlook.
Egypt has begun a $1.8 billion programme to drill natural gas exploration wells in the Mediterranean Sea and Nile Delta, petroleum minister Tarek El Molla told UAE state news agency WAM on Tuesday.
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RusKhimAlyans, a subsidiary of Russian gas giant Gazprom , has filed lawsuits seeking a total of 31 billion roubles ($348 million) from Deutsche Bank and Commerzbank , Russian court documents show.
