Decline | Egypt Oil & Gas
Energean Lowers Production Guidance in 2026, Dividend Amid Israel Disruptions
Energean lowered its 2026 production guidance and reduced its dividend after a 41-day suspension of operations in Israel weighed on its first-quarter performance, Reuters reported. The company, which operates natural ...
Saudi Crude Exports to China Expected to Hit Record Low in June
Saudi Arabia’s crude oil exports to China are set to decline further in June, as Chinese refiners reduce demand in response to higher prices linked to US –Iran tensions, industry sources said to Reuters. Saudi Aramco ...
Rosneft’s Net Income Drops 70% in 9M 2025
Russian oil company Rosneft reported a 70.1% decline in net income during the first nine months of 2025, falling to RUB 277 billion, according to the company’s financial results. During the same period in 2024, ...
IEA Cut Oil Demand Expectations for 2025
The International Energy Agency (IEA) announced that global oil demand growth forecast for 2025 has been revised down to 730,000 barrels per day (bbl/d), a decrease of 300,000 bbl/d from the March report. The agency s...
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. According to the data, the country’s daily production record...
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 mont...
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, All Africa reported. According to data from the Ministry of Petroleum Resources...
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. The bank said in a statement ...
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. Futures...Page 1 of 1
