Oil Prices | Egypt Oil & Gas - Part 37
Halliburton to Cut 5,000 Jobs
Oil and gas drilling services company Halliburton says it will eliminate at least 5,000 jobs in response to falling oil prices.
Saudi S&P Credit Rating Turns Negative
The Saudi kingdom could lose its AA- credit ranking, the fourth-highest debt grade, in two years if its “liquid assets” decline or its fiscal position weaken, S&P said in a statement Monday.
Saudi Discounts Shower Asia Market
Saudi Arabia, the world’s largest crude exporter, has cut its March oil prices to Asia by 90 cents - the largest discount in at least 14 years. Experts suggest the move is part of the country’s fight for global marke ...
Reinventing Nigeria’s Oil Dependency
As Nigerians prepare for presidential elections, the armed group Boko Haram, corruption and falling oil prices are some of the issues worrying Africa's most populous nation.
Oil Slump and Geopolitics Hit Dana Gas
Dana Gas, citing falling oil prices and geopolitical issues, reported on Thursday a 19.8% in net profit of $125 million (Dh457 million) for 2014 compared to $156 million a year earlier.
Abu Dhabi Cutting Oil Prices to Six-Year Low
Abu Dhabi, the desert emirate holding about 6% of the world’s oil, cut export prices for its crude for the seventh consecutive month and to the lowest since 2009 amid a global price slump.
Oil Prices Rise as Signs Companies Cut Production
Oil rose again Tuesday as oil giant BP announced plans to cut exploration spending, another sign that the recent plunge in prices will lead to cuts in global production.
Iran Bounce Back Plans with World Largest Tanker
Aptly called ‘Persian Gulf,’ Iran’s FSU oil terminal is the country’s newest trump card as world’s largest oil tanker in highly shaky oil prices.
