Oil Prices | Egypt Oil & Gas - Part 28
Dana Gas Projects in Egypt Continuing Despite Oil Price Crunch
Sharjah-based Dana Gas reported lower sales and profit in the first quarter, as cost-cutting wasn’t enough to mitigate the effects of lower oil and gas prices, but senior executives see improvements ahead.
Oil Prices Alternates with Changing Saudi Policy on Yemen
Brent crude oil futures slipped towards $66 a barrel on Tuesday, falling from a 2015 high, as Saudi Arabia considered halting bombing in Yemen to allow the delivery of aid, which eased concerns about oil supply from ...
OPEC Bulletin: Speculators Also to Blame for Oil Price Slump
Oil supply and demand don’t fully justify the 60% drop in prices between June and January as speculation also played a role, according to OPEC.
Brent falls towards $66, China Factory Activity falls
Brent crude dipped towards $66 a barrel on Monday as weak Chinese data adds to demand fears, while near-record supplies from OPEC producers maintained worries about oversupply.
UAE and Other Middle East Stocks Gyrate With Oil Prices
Dubai stocks tumbled the most since March as investors bet the longest streak of weekly gains in 15 months had taken share prices too high, too fast. Abu Dhabi equities fell to the lowest in almost three weeks.
Iraqi Crude Dents Oil Prices Amidst OPEC Production Commitments
Oil declined from a four-month high in New York after Iraq raised crude exports in April to the most in three decades.
Oil and Gas Reserves on the Rise, Bahrain Oil Minister
Bahrain had oil reserves of 632.5 million barrels at the end of last year, said a senior government official.
Job Cuts, Profit Losses Hit Oil Sands Industry in Canada
Suncor Energy Inc., Canada’s largest oil company, reported a first-quarter loss after crude prices plunged to the lowest since 2009.
