Oil Prices | Egypt Oil & Gas - Part 27

OPEC Siding with Saudi Over Oil Price War

When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side.

Iran Hints At possible Meeting of Minds with Saudi Over OPEC

Iran’s Minister of Petroleum Bijan Zangeneh says he may meet his Saudi counterpart Ali al-Naimi at the next OPEC meeting in Vienna.

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.

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