Brent | Egypt Oil & Gas - Part 2

Oil Prices Drop Amid Global Downturn

Oil prices for benchmark WTI and Brent crude fell on Monday as stock markets suffer heavy losses and global markets slow down,

Nigeria Crude Differential Hits 10-year Low

Official prices for Nigerian crude have hit their lowest in at least a decade as a nagging oversupply of physical oil takes its toll.

Brent falls towards $66, China Factory Activity falls

Brent crude dipped towards $66 a barrel on Monday as weak Chinese data adds to demand fears, while near-record supplies from OPEC producers maintained worries about oversupply.

Brent Price Falls on Expectations of Higher Supplies from OPEC, US

Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from Opec and the United States.

Oil Prices Prompt North Sea Operators to Sell Off Assets

The North Sea, which brought upheaval to global oil markets in the 1980s just as shale has in this decade, is desperately seeking tax relief in Wednesday’s British budget.

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