Algeria to Meet Oil Domestic Demand by 2024

• Sunday, 8th May 2016
• by Egypt Oil & Gas

Algerian production of oil by-products will reach 45m tons in 2024, with the new refineries of Hassi Messaoud, Tiaret and Biskra going into operation, according to Algeria’s Minister of Energy, Salah Khebri.

UAE Struggles Over Predicting Ideal Oil Price for its Budget

• Tuesday, 27th October 2015
• by Egypt Oil & Gas

Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, explained Ali Al Mansoori head of Abu Dhabi’s Department of Economic Development

Qatar Energy Minister Predicts OPEC Oil Price Rebound

• Tuesday, 13th October 2015
• by Egypt Oil & Gas

US News & World Report cited Qatar's Energy and Industry, Minister Mohammed bin Saleh al-Sada as saying that oil prices have bottomed out ahead of an expected meeting of OPEC members and other oil producers later thi ...

Fright Rates Increase for East of Suez Dirty Tankers

• Monday, 18th May 2015
• by Egypt Oil & Gas

Freight rates for dirty tankers in the East of Suez market have gone up sharply to hit their highest level so far in 2015 last week, amid strong demand to move crude and fuel oil and spike in interest for floating st ...

Oil Better-Supplied for First Time Since 2009, IEA Says

• Thursday, 12th April 2012
• by Egypt Oil & Gas

Oil markets are better-supplied for the first time since 2009 as ''sluggish'' demand and OPEC output at more than a three-year peak eased inventory depletion, according to the International Energy Agency.