Oil Prices | Egypt Oil & Gas - Part 37
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.
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.
