Oil Prices | Egypt Oil & Gas - Part 30

Payrolls, Hiring Expand in Middle East Despite Global Oil Slump

Recruitment of new employees for oil and gas companies outside the Gulf region has slowed down, but businesses in the UAE and the rest of the Middle East continue to push forward with hiring, a new report reveals.

Venezuela Discuss OPEC and Oil Price Control with Iran

Venezuelan Foreign Minister Delcy Elonia Rodriguez Gomez announced that she had conferred on oil and energy policies with Iranian officials during his Monday visit to Tehran.

Oil Prices Force Qatar to Borrow for World Cup Plans

Qatari banks plan to borrow more than $6 billion to finance a construction boom ahead of the 2022 soccer World Cup amid slumping oil prices.

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.

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