Oil Prices | Egypt Oil & Gas - Part 31

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.

GCC Feels Oil Price Squeeze, Non-Oil Exports Still Strong

According to the Asiya Investments report, most GCC countries are still delivering high rates of economic growth

Russia Embracing GCC, Islamic Finance After Oil-Gas Revenues Shrink

Eurasian Economic Union and Silk Route are new areas of growth, Russian Business Council chairman says

BP Oman Khazzan Project Continues Despite Global Cutbacks

BP Oman will complete 16 wells in the Khazzan tight gas field and will have at least nine rigs in operation by the end of this year

Third Tank World Expo to be Hosted in Dubai, April 13-14

International industry leaders will come together in Dubai this month to debate the increasingly critical issue of global oil storage and its impacts on the Middle East oil and gas industry, as countries around the w ...

Drills and Capex Sacrificed by KMG EP Due to Oil Prices

KazMunaiGas Exploration Production (KMG EP) has been forced to slash its 2015 capex spending and reduce its planned development drilling by 78 wells because of the low oil price environment

Petroleum Ministry: MIDOR’s 2014 Results Endorsed

Sherif Ismail, Minister of Petroleum and Mineral Resources, headed the proceedings of (Middle East Oil Refinery) MIDOR’s General Assembly to endorse its 2014 results.

Qatar Riding Out Oil Price Slump Better Than Rest of GCC

Recently released stats expose the effects of the plunge in oil prices on the fiscal systems of the Gulf Cooperation Council (GCC) economies. However, it is fair to claim that the Gulf countries at large are demonstr ...

Oil Prices Narrowing UAE Profit Margins for All Sectors

Mubadala, an Abu Dhabi state-owned fund with a mandate to develop the emirate's economy, on Thursday said its 2014 net profit fell 28.7% due to lower income from financial investments and impairments on oil and gas a ...

Gazprom Reports Huge Loss

OAO Gazprom, the world’s biggest natural gas producer, said its 2014 earnings used to calculate dividends fell 70 percent because of a foreign currency loss.

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