Oil Prices | Egypt Oil & Gas - Part 33
Oil Prices Gyrate with Ups and Downs of Iran Nuclear Deal
Oil settled down for a second straight session on Monday as Iran and six world powers tried to negotiate a deal on Tehran’s nuclear program that could end Western sanctions and allow the OPEC member to ship more...
Angola Is Among Biggest Losers of Low Oil Prices
Plunging oil prices have been an economic windfall for U.S. consumers, primarily through greater savings at the pump. In energy-reliant countries around the world like Angola, however, the effect has been far less ben...
Speculators Caught Between Energy Glut and Yemen Violence
Speculators were the least bullish on crude in two years before prices surged as Saudi Arabia and its allies bombed rebels in Yemen, threatening supply disruptions in the largest oil-producing region. Hedge funds and ...
Kuwait: Risk Management Key to Surviving Shale and Price Crunch
The drop in oil prices represents a crucial threat to the execution of many mega projects worldwide, Kuwait Petroleum Corporation CEO Nizar Al-Adsani said on Sunday. The falling oil prices meant that the overall liqui...
Oman Goes from Surplus to Deficit Due to Expenditures & Oil Prices
Oman government posted a budget deficit of OMR360.8 million in 2014, against a surplus of OMR267.4 million in the previous year. The country has posted a budget deficit after several years, thanks to high crude oil pr...
Oil Prices, New Investments Expected to Ameliorate Egypt Deficit
EGYPT’S balance of payments deficit in the first half of fiscal year 2014-2015 increased to $1.9 billion, 150% higher than its level in the corresponding period the previous year. Reflecting Egypt’s transactions with ...
Genel Issuing Bonds to Keep Kurdish Projects Afloat
Genel Energy has priced an issue of $230 million in senior unsecured bonds due 14 May 2019 on the same commercial terms as the existing GENEL01 PRO $500 million bond. The bonds were issued at a market price in line wi...
Blackstone CEO: Oil Price Slump Creates Opportunities Elsewhere
Blackstone Group LP’s Chairman Stephen Schwarzman is seeing “remarkable” opportunities in debt and equity that are emerging out of the slump in crude oil. Most of the New York-based private equity firm’s energy invest...
