Oil Prices | Egypt Oil & Gas - Part 31
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. “During the visit, the Venezuelan oi...
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. Shareholders in Al Khaliji Commercial Bank approved a $2.5 billion bond prog...
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. The minister stressed that the government intend...
Abu Dhabi Renewable Targets Not Deterred by Oil Prices
Suhail Al Mazroui, the UAE’s Minister of Energy, said on Wednesday that lower oil prices were not affecting demand for renewable energy or the country’s targets to reduce energy consumption. He added that Abu Dhabi wi...
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 Price Slump Catches Up with Wells Fargo Bank
Wells Fargo’s first-quarter profits slipped for the first time in seven years, as the biggest bank by market capitalisation in the US set aside more reserves to cover potential losses on its $18.5 billion (Dh67.9 bill...
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. Loan deals worth about $4 billion from Saudi Arabian Oil Co. and its joint venture Rabigh Refining & Pe...
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. Lukoil is Russia’s largest private oil com...
