Oil Prices | Egypt Oil & Gas - Part 36
Oil Price Slump Cuts Kuwait Budget Surplus
Kuwait's government budget surplus shrank 26% in the first nine months of this fiscal year as lower oil prices cut revenue sharply, analysts at National Bank of Kuwait (NBK) calculated, using Ministry of Finance data.
Marathon Oil Cuts Spending a Second Time
Marathon Oil Corp on Wednesday said it would cut its 2015 capital budget by another 20 percent to $3.5 billion, and reported that fourth-quarter profit rose, on a gain related to the sale of oil and gas properties in ...
Kuwait Adamant on Expanding Production Despite Oil Prices
Kuwait plans to boost its oil and gas drilling rigs by 50% by early 2016 as it seeks to boost crude and gas production despite low oil prices, the head of state-run Kuwait Oil Co (KOC) said.
Iran Majlis Tries to Cut Oil Ministry Budget to $3 billion
The Iranian oil ministry won’t be able to pay staff or invest in boosting production if parliament proceeds with a plan to slash funding, according to Oil Minister Bijan Namdar Zanganeh.
Iraq, Iran Emulate Saudi Arabia in Asian Markets
Iraq and Iran cut their prices for March crude oil deliveries to Asia to the lowest in more than a decade, signalling the battle for a share of Opec’s largest market is intensifying.
Oil Prices Responsible for Cancelled Gulf Projects, Layoffs
Projects worth around $200 billion (Dh734.47 billion) were cancelled globally in the last three months due to falling oil prices
Kuwait Oil Spending Plans Oblivious of Prices
Kuwait plans to spend of more than KD34 billion ($116 billion) on projects in a new five-year development plan in spite of the recent slump in oil prices, a report said.
Hayward: Low Prices Will Retard Iraq Oil Growth
The head of Iraqi Kurdistan-focused oil producer Genel said Tuesday that Iraq's crude output would grow far slower than many expect, as the drop in oil prices reduces investments and stokes instability in the country.
