Oil Prices | Egypt Oil & Gas - Part 19
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.
Oman to Rethink Economy, Expenditures with Oil Crunch
Top Omani officials and experts are expected to hold an extended meeting on October 21 to explore solutions and proposals to alleviate the impact of the oil crisis on the national economy
Saudi-Russia Price War Extends to European Theatre
Oil refiners in Europe are cutting their longstanding use of Russian crude in favour of Saudi grades thanks to aggressive price discountin
GCC Braces for Refinery Expansion, Financial Opportunities
The Arab Petroleum Investments Corporation’s (Apicorp) Energy Research has just issued its monthly report, calling for a serious rethinking of the GCC state's downstream sector
Nigeria Losing Out Due to Subsidies, Crude Prices
The Nigerian National Petroleum Corp. recorded a loss of $1.9b in the first eight months of this year thanks mostly to fuel subsidies
Qatar Energy Minister Predicts OPEC Oil Price Rebound
US News & World Report cited Qatar's Energy and Industry, Minister Mohammed bin Saleh al-Sada as saying that oil prices have bottomed out ahead of an expected meeting of OPEC members and other oil producers later thi ...
Algeria Postpones Major Bid Round, Oil Prices Blamed
A senior Algerian energy official told Reuters that his country had cancelled a planned bid round for oil and gas exploration rights, due to low oil prices.
