crude prices

Sonatrach Retains November Saharan Blend OSP

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

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

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 the global crude oil market.

Kenya Saved $493m on Petroleum Imports

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

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 plans remain unchanged.

Bernstein Predicts New Global Cycle of Mergers & Acquisitions

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

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

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

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

Algeria Seeks Solidarity Betwen Crude Producers to Halt Price Decline

Algeria is seeking to coordinate a global response from oil-producing nations to tumbling prices, Algeria Press Service reported, citing Energy Minister Youcef Yousfi. Crude traded near a six-year low in New York on Tuesday.

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