crude prices | Egypt Oil & Gas
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 eariler, Zaywa reported. The company stated on October 22 that its Saharan blend crud...
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, Bloomberg reports. Brent and WTI crudes are now trading over $64 and $57 per ba...
Nigeria Cut Crude Prices
The Nigeria National Petroleum Corporation’s (NNPC) General Manager, Mele Kyari, said the company reduced the official selling price (OSP) of Nigeria’s crude oil grades as parts of a strategy to make Nigerian crude at...
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, All Africa reported. In June, the east african country had spent about $915m on the year-to-date impo...
Saudi Maintains Near-Record Crude Output
Saudi Arabia has been reported to continue 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 bo...
Bernstein Predicts New Global Cycle of Mergers & Acquisitions
Analysts Sanford C. Bernstein & Co. have predicted a rise in mergers and acquisitions (M&A) over the coming year, with a possible recovery in crude prices to follow, reports Bloomberg Business. Among those mak...
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, the Tullow Group Chie...
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. Nigeria and Algeria both warned that oil prices, currently at around $60 a b...
