Oil Prices | Egypt Oil & Gas - Part 28
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.
Top US Shale Producer Betting on Oil Price Hike to Expand Drilling
EOG Resources Inc., the biggest shale producer in the U.S., will increase drilling activity as soon as oil prices stabilize at $65, anticipating a six-week long price rally will continue through the end of the year.
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.
