Decline | Egypt Oil & Gas

Nigeria’s Production Decline Due to the Shutdown of Onshore Operations

Nigeria’s government data has shown that its oil production continued to fall down during September due to a halt in onshore production, Bloomberg reported.

 South Korea’s Oil Imports Decline 7.5% in December

A preliminary data released from the South Korean Ministry of Trade, Industry and Energy, showed that oil imports reduced 7.5% to 82.7 million barrels in December 2020 compared to 89.5 million barrels in the same ...

Nigeria’s Crude Oil Output Decreased to 1.6mb/d

Nigeria’s average daily crude oil and condensate production decreased from the 2mb/d recorded February production to be 1.6mb/d in March.

Yemen Oil Revenues in Sharp Decline

The Yemeni central bank says the nation’s oil revenues suffered a drop of about $1 billion or 37% in 2014 due to plunging crude prices and attacks on the impoverished country’s pipelines.

Oil Extends Decline From 5 1/2-Year Low as Glut Persists

Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation that a global glut that drove crude into a bear market will persist.

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