Oil Prices | Egypt Oil & Gas - Part 28
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. Zangeneh said the views of the two countries are identical in many areas and that Ira...
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. Futures were little changed in New York after f...
Saudi Capital continues to Expand Despite Oil Price Crunch
If lower oil prices are straining Saudi Arabia’s economy, it certainly does not show. In Riyadh, dozens of cranes loom over the King Abdullah Financial District, destined to be the kingdom’s answer to Canary Wharf in ...
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% in 2016, a report said...
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...
Financial Growth Unaffected by Oil Prices, says First Gulf Bank
Falling oil prices are not expected to impact the consumer banking sector at First Gulf Bank (FGB), with the bank set to see continued growth, according to Girish Advani, head of personal banking and executive vice-pr...
ISIS Oil Revenues Under Attack From the Air
A raid by US Special Forces in eastern Syria has recovered data that can be used to break up Daesh’s financial network, a Dubai-based geopolitical analyst said. A key leader involved in oil smuggling activity Abu Sayy...
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. “The restructure comes at the r...
