Oil Prices | Egypt Oil & Gas - Part 36
Nigeria Slashes Forecasts for Oil Price, Currency for This Year
Nigeria on Wednesday cut its forecast for oil prices and the value of its currency this year, an acknowledgment of the pain tumbling energy costs are inflicting on Africa’s top crude producer.
Saudi Oil Minister Calms Oil Fears, Says Demand Rising
Oil demand is growing and the market has turned “calm,” according to Saudi Arabia’s Oil Minister.
Oil Price Slump Hits Qatar Investment House
The 750m riyal IPO would have raised half the money needed for the project, while the other half had been obtained from other investors.
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.
