Oil Price | Egypt Oil & Gas - Part 3
Nigeria Producing at $5 Loss per Barrel
With oil prices at 13-year lows, Nigeria may be continuing production at a $5 loss per barrel.
Algeria Trade Deficit Widens amid Low Oil Prices
Algeria’s energy earnings dropped by nearly 41% in 2015, leading to a trade deficit of $13.71b – far from the $4.3b surplus of 2014, according to the Algerian Finance Ministry.
Nigeria May Take Greater Debt as Oil Price Slides
Nigeria may have to take greater debt to meet its yearly budget, amid an increasingly low oil price which is crucial for government revenues.
Indonesia’s Return to OPEC Raises Production Level, Quota Issues
In September, OPEC announced Indonesia’s return to the organization after 7 years of suspension. Indonesia’s return to the cartel, starting with the December policy meeting, will raise the issue of necessary changes ...
Venezuelan Oil Minister: OPEC Must Act to Prevent $20 Oil
Few countries have felt low oil prices as much as Venezuela. In Tehran the Venezuelan Oil Minister Eulogio Del Pino urged OPEC to act to raise oil prices, which he said could fall to the mid-$20s per barrel with acti ...
Oil Price Slides on Weak China Data, Record Russian Output
Oil prices dropped again on Monday in response to weak economic data from China and record-high production figures from Russia.
Saudi Minister: Non-OPEC Producers Still Not Cooperating Over Oil Prices
OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister said on Sunday
Plunging Oil Prices Hurt Africa Growth
The continued fall of crude oil prices on the international market may impact negatively on Africa's economic growth, the African Capacity Building Foundation (ACBF) said Friday.
