crude | Egypt Oil & Gas - Part 7
Africa Suffers from Rising Oil and Weaker Currencies
Several African countries are suffering this year from a double-whammy of higher oil prices and weakening currencies, with Ghana and parts of eastern Africa taking the hardest knock from the surge in inflation. While ...
75,000 Barrels to Be Lifted from Libya’s Zueitina Port
A tanker has docked at the eastern Libyan port of Zueitina port to lift 750,000 barrels of crude, according to Reuters. The ship had begun loading from the port’s tanks, the official said, adding that crude flow...
BP Lifts Force Majeure on Angola’s Saturno
BP has lifted a force majeure on exports of Angolan Saturno crude oil, traders said on Tuesday. Traders said new loading programmes for late May and June had been issued with three to four days of delay from the initi... Brent falls towards $66, China Factory Activity falls
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 ...
Iraqi Crude Dents Oil Prices Amidst OPEC Production Commitments
Oil declined from a four-month high in New York after Iraq raised crude exports in April to the most in three decades. The boost from Iraq suggests the global supply glut will persist, with OPEC pumping at close to th...
Crude Oil Price Climbs as Analysts Fear Disrupted Supply from Middle East
Brent crude oil increases to $65.37 per barrel amid concerns over disrupted supply from Middle East and slowdown in US shale oil production Conflict in the Middle East and a downturn in US shale oil production are sai...
Contaminated Crude Being Shipped from US to Asia
One million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco — for three years — despite crude prices that topped $100 a barrel. Thi...
Unrest in Nigeria Oil Region Subsides as Jonathan Concedes
Nigerian President Goodluck Jonathan’s concession of defeat in presidential elections has mitigated the risk of an armed uprising in the main oil-producing region by militants who were intent on keeping him in power. ...
