Oil Prices Drop Amid Global Downturn

• Tuesday, 25th August 2015
• by Egypt Oil & Gas

Oil prices for benchmark WTI and Brent crude fell on Monday as stock markets suffer heavy losses and global markets slow down, reported Reuters. WTI Crude—the US measure for light, sweet crude oil—was under $40 on mar...

Nigeria Crude Differential Hits 10-year Low

• Monday, 22nd June 2015
• by Egypt Oil & Gas

Official prices for Nigerian crude have hit their lowest in at least a decade as a nagging oversupply of physical oil takes its toll. The Nigerian National Petroleum Corp (NNPC) lowered the official selling price for ...

Brent falls towards $66, China Factory Activity falls

• Monday, 4th May 2015
• by Egypt Oil & Gas

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. China, the world’s second-largest ...

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

• Sunday, 22nd March 2015
• by Egypt Oil & Gas

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. Intensive efforts to clinch a deal between wor...

Oil Prices Prompt North Sea Operators to Sell Off Assets

• Wednesday, 18th March 2015
• by Egypt Oil & Gas

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. As international oil prices continue their do...