Kuwait Approves Petrol Price Hike

• Thursday, 4th August 2016
• by Egypt Oil & Gas

Kuwait has approved an increase in prices of gasoline sold locally by 42% to 83% depending on the grade in an attempt to align local rates with GCC averages, Bloomberg reports. The price increase will start as of Sept...

China’s Oil Demand Growth Expected to Slow in 2016

• Tuesday, 12th January 2016
• by Egypt Oil & Gas

China’s oil demand growth is expected to drop to 3% in 2016 reflecting on the country’s economic slowdown, despite lowering oil prices, Bloomberg reported. According to Barclays’ analysts, oil demand...