crude | Egypt Oil & Gas - Part 8
Second Major Canadian Oil Derailment in Three Weeks
A Canadian National Railway Co. train carrying crude oil derailed and caught fire in a remote area of northern Ontario, blocking rail traffic between Toronto and Winnipeg, Manitoba. Canadian National said on its websi...
Congo Seeks Share of Uganda’s Crude Export Pipeline
The Democratic Republic of Congo wants to participate in the development of the proposed crude oil export pipeline on the Ugandan side of the Lake Albertine rift basin, Uganda’s energy and minerals minister said on We...
Abu Dhabi Cutting Oil Prices to Six-Year Low
Abu Dhabi, the desert emirate holding about 6% of the world’s oil, cut export prices for its crude for the seventh consecutive month and to the lowest since 2009 amid a global price slump. Murban crude, its main grade...
Energy Subsidies in Mena Region Drop by $60 billion
Energy subsidies in the Mena region have fallen by US$60 billion and could continue to decline should oil prices drop further, a senior IMF official has said. Oil, gas and electricity subsidies now total $200bn, accor...
Iran Blames Oil Prices for Delaying Saudi Visit
A meeting between the foreign ministers of OPEC’s Iran and Saudi Arabia was delayed in part due to discord over falling crude prices, said Hossein Amir-Abdollahian, Iran’s deputy foreign minister for Arab and African ...
Iraq Pumping Crude at Record Levels
Iraq is pumping crude at a record pace and will continue to boost exports this year amid a global market glut that’s pushed prices down, Oil Minister Adel Abdul Mahdi said. “The average for Iraqi crude output is 4 mil...
Iraq’s Crude Exports Increased in December
Iraq’s crude oil exports reached 2.94 million b/d in December, a new record high, taking the country’s 2014 monthly average to 2.517 million b/d, as the recent deal with Kurdish authorities begins to bear ...
Saudis Seen Giving Asia Smaller Oil Discounts on Signs of Demand
Saudi Arabia will probably offer smaller discounts to ship crude to Asia amid speculation demand will increase after benchmark prices dropped almost 50 percent last year. The world’s biggest oil exporter will announce...
