Oil Prices | Egypt Oil & Gas - Part 30
Petroleum Minister: No Increase in Energy Prices in July
The Cabinet has decided to postpone the hike in energy prices, scheduled for July, due to the worldwide decline in prices of oil, Petroleum Minister Sherif Ismail said.
Abu Dhabi Renewable Targets Not Deterred by Oil Prices
Al Mazroui: ‘Renewable energy is already very competitive’
Russia in Flurry of Talks with Saudi, OPEC, Latin American Producers
Russia has been holding active, "unprecedented" consultations with the Organization of Petroleum Exporting Countries, a senior official said on Wednesday, a clear signal of Moscow's strive for higher oil prices.
Oil Price Slump Catches Up with Wells Fargo Bank
Net income was off 5% at $3.7b
Islamic Bonds Balancing Saudi Oil Prices Losses
The slump in oil prices since June has done little to damp appetite for Shariah-compliant credit in the Gulf.
Lukoil Mulls Withdrawing from Saudi Gas Due to Oil Prices
Lukoil will likely pull out from Saudi Arabia where the economics of its search for gas have been crushed by the collapse of the oil price, three industry sources said.
OPEC Market Share Plans Come Under Fire from Fellow OPEC Members
OPEC is making a mistake by seeking to preserve its share of global crude sales amid a global production glut instead of trimming output to prop up prices, Oman’s oil minister said.
OPEC Should Cut Oil Output, Libya Official Says
OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said.
