Oil Prices | Egypt Oil & Gas - Part 27

Oil Trades at near $60 as Number of Active US Rigs Decrease

Oil traded near $60 a barrel as companies in the U.S. reduced the number of active rigs by the slowest pace since a prolonged retreat in drilling that began in December.

Saudi Capital continues to Expand Despite Oil Price Crunch

Saudi Arabia has not let ongoing developments go slack, especially in the capital

Oman Still Going for Growth Despite Oil Prices, Says Kuwaiti Bank

Despite a sizeable fiscal deficit this year and the next due to decline in oil prices, Oman is likely to avoid deep cuts in spending as the real GDP grows by 4% in 2015 before moderating to 3.7 per cent in 2016, a re ...

BP Scaling Back Iraq Operations as Government Payments Become Uncertain

BP has cut its development budget for Iraq's giant Rumaila oilfield by $1 billion this year after the government warned a slump in crude prices and its battle against Islamic State was making it difficult to pay oil ...

Financial Growth Unaffected by Oil Prices, says First Gulf Bank

Bank sees no slowdown in lending

ISIS Oil Revenues Under Attack From the Air

Data collected after US raid on Abu Sayyaf could reveal key economic linkages and connections

Qatar Petroleum Feels Oil Price Pinch, Restructures

State-owned Qatar Petroleum will announce a restructuring plan in the coming months to adapt to the drop in oil prices, the head of its wholly owned international subsidiary said.

Iran-GCC Tensions Mount Over Khamenei’s Yemen Remarks

Iran will help oppressed people in the region, Supreme Leader Ayatollah Ali Khamenei said on Saturday, days after Gulf Arab leaders met U.S. President Barack Obama and expressed concern about Iranian expansionism.

GCC Seriously Contemplates VAT in Wake of Oil Price Crunch

Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working towards the introduction of a value-added tax around the region, in a sign that low oil prices may be strengthening support f ...

GCC Rig Counts on the Rise Despite Oil Price Slump

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.

Page 27 of 40

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