Arab League Praises UAE Oil Policy

• Wednesday, 18th May 2016
• by Egypt Oil & Gas

The Arab League has commended the measures taken by the United Arab Emirates in response to the impact of the decline in world oil prices, and how it diversifies sources of national income Emirates News Agency wrote. ...

Traders Store W.African Crude in US Until Prices Recover

• Sunday, 18th January 2015
• by Egypt Oil & Gas

Traders are shipping West African crude to the United States to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne cargoes are able to compete better on pr...

Plunging Oil Prices Hurt Africa Growth

• Sunday, 18th January 2015
• by Egypt Oil & Gas

The continued fall of crude oil prices on the international market may impact negatively on Africa’s economic growth, the African Capacity Building Foundation (ACBF) said Friday. ACBF executive director Emmanuel...