Saudi Arabia’s Bumps Up July Crude Prices Taking Asian Buyers by Surprise

• Monday, 6th June 2022
• by Israa Ibrahim

Saudi Arabia, the world's largest oil exporter, hiked July crude oil prices for Asian clients to higher-than-expected levels, citing constrained supply and anticipation of high demand this summer.

Sonatrach Retains November Saharan Blend OSP

• Wednesday, 23rd October 2019
• by Mai El Ghandour

Algeria’s Sonatrach has kept the official selling price of its Saharan blend crude for November loadings the same as it was a month earlier.

Crude Prices Hit 2-Year High

• Tuesday, 7th November 2017
• by Editorial Team

Crude oil prices climbed to two-year high earlier this week, rising to levels unseen on the markets since 2015, before receding slightly

Nigeria Cut Crude Prices

• Sunday, 23rd October 2016
• by Egypt Oil & Gas

The Nigeria National Petroleum Corporation reduced the official selling price (OSP) of Nigeria’s crude oil grades as parts of a strategy to make Nigerian crude attractive to buyers and to help it regain its share of ...

Kenya Saved $493m on Petroleum Imports

• Wednesday, 28th September 2016
• by Egypt Oil & Gas

Kenya save more than $493m during the first half of 2016 on oil related imports due to low global petroleum prices.

Saudi Maintains Near-Record Crude Output

• Thursday, 4th August 2016
• by Egypt Oil & Gas

Saudi Arabia keeps pumping at near-record levels to defend sales in Asia, its biggest market, amid an increase in global supply. In addition, Saudi Aramco, the state-run oil giant, said that both its drilling and IPO ...

Bernstein Predicts New Global Cycle of Mergers & Acquisitions

• Monday, 2nd November 2015
• by Egypt Oil & Gas

Analysts Sanford C. Bernstein & Co. have predicted a rise in mergers and acquisitions over the coming year, with a possible recovery in crude prices to follow, reports BloombergBusiness.

Irish Tullow Oil to Go Ahead With Production in Ghana

• Monday, 26th October 2015
• by Egypt Oil & Gas

Tullow Oil plc, a multinational oil and gas exploration company founded in Tullow, Ireland with its headquarters in London, United Kingdom, is going ahead with its production activities in Ghana.

Nigeria and Algeria Predict a Long Period of Low Oil Prices

• Monday, 20th April 2015
• by Egypt Oil & Gas

Oil prices are likely to stay low for a long time after falling more than 40 percent in the past year, said officials from two OPEC nations.

Lukoil Iraq Production Up Inspite of Oil Price Slump

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

The Russian company says it received a letter from Iraqi authorities to reduce cost in West Qurna-2 field due to slump in oil prices