Oil Prices | Egypt Oil & Gas - Part 14
GCC to Introduce VAT by 2018
The Gulf Cooperation Council (GCC) states have agreed to introduce value-added tax in the region by 2018 subject to the signing of a final agreement.
Nigeria, Angola to Search for a New Consensus on Oil Prices
Nigeria and Angola have agreed to cooperate in reaching out to other oil producing countries in an attempt to find a new consensus amid the dwindling oil prices in the global market.
Nova Scotia Records 72 % Rise in Bad Oil and Gas Loans
The Bank of Nova Scotia has reported a 72 % rise in bad loans to the oil and gas industry with a total sum increased to the level of $123m (C$165m) in Q4.
Low Prices, Climate regulations Sinking Canada’s Oil Industry
Canada is poised to lose energy companies as the industry faces lower and more volatile oil prices along with tougher climate and regulatory policies, billionaire investor Murray Edwards warned at a conference hosted ...
UAE’s Fuel Prices and Petrochems Move in Opposite Directions
The UAE ministry of energy announced it will again lower domestic prices for gasoline and diesel in December.
Taqa to Divest Itself of its Sole US Wind Power Asset
Abu Dhabi National Energy Co., or Taqa, has filed with US energy regulators to sell its stake in the Lakefield wind power plant in the U.S. state of Minnesota.
Saudi Cabinet Makes Tentative Pronouncements on Oil Price Cooperation
Saudi Arabia's cabinet said it was ready to cooperate with OPEC and non-OPEC countries to achieve market stability.
Saudi Arabia Teetering Closer to Tough Production, Currency Choices
Bank of America Merrill report “Global Energy Weekly” warned Saudi Arabia that the drain on its foreign exchange (FX) reserves could accelerate to $18b per month if Brent crude oil prices average $30 per barrel.
