Saudi Arabia Able to Withstand Oil Prices: Saudi FM

• Monday, 2nd November 2015
• by Egypt Oil & Gas

Saudi Foreign Minister, Adel al-Jubeir, has announced that Saudi Arabia can withstand the impact of low oil prices on state revenues and economic growth, reported Reuters. “The deficits that the kingdom will be ...

GCC Rig Counts on the Rise Despite Oil Price Slump

• Thursday, 7th May 2015
• by Egypt Oil & Gas

As the oil industry tightens its belt after the worst price slump in a generation, the state-owned giants of the Middle East are taking the opposite tack. Saudi Arabian Oil Co., Abu Dhabi National Oil Co. and Kuwait P...