*Egypt’s oil output has steadied in recent months. Latest oil ministry data has May oil output flat month on month at 515,000 b/d and just 1,000 b/d below February and March’s identical 516,000 b/d. On a year-to-date basis, oil output over the first five months of the year averaged 517,000 b/d, down 8% on 5M24.
*This will come as somewhat of a relief for Cairo, though the output figure remains the lowest since the early 1980s. (CONTINUED - 195 WORDS)
