Oil Prices | Egypt Oil & Gas - Part 18

Shell Gives a Tentative No to Alberta Oil Sands

Royal Dutch Shell Plc announced that it will not continue construction of its 80,000 b/d Carmon Creek thermal oil sands project in northern Alberta because of the lack of infrastructure to move Canadian crude to market

Mining to Make Major Contribution to Saudi Diversification

Saudi Arabia's plans to diversify its economy away from oil gained additional imputes with the announcement that the country's mining sector is set to triple by 2030.

Saudi Seriously Contemplating Slashing Energy Subsidies

Oil Minister Ali al-Naimi confirmed suspicions that the Saudi kingdom could cut its system of energy subsidies

UAE Struggles Over Predicting Ideal Oil Price for its Budget

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

IMF: GCC Diversification Solution to Oil Price Dilemma

The IMF expects oil prices to average $52 a barrel in 2015, down from $110 a barrel in the first half of 2014

Oman Devising Energy Master Plan as Oil Workers Laied Off

Oman's top 100 energy sector stakeholders held a workshop Tuesday aimed at drafting the most-critical recommendations to be included in Oman’s 25-year energy master plan

Angola Driving Ahead with Eurobond Plan as Oil Prices Falls

Angola's Finance Minister announced that his country will meet with investors in the US and Europe starting October 26 to promote its first Eurobond sale

Crude Oil Fails to Keep PetroRabigh Profits Afloat

Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) reported that its profits swung to a net loss in the third-quarter

Vitol Thinks Libya Will Add to Oil Glut

Vitol, the world's largest oil trader, has predicted that the price of crude will at the most waver around the $60 a barrel level next year, in part because of Libyan production,

Saudi Arabia in Cash Flow Crisis

Informed sources told Bloomberg that Saudi Arabia is delaying payments to government contractors thanks to the oil price slump.

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