Oil Prices | Egypt Oil & Gas - Part 38
UAE: No Need to Rethink Oil Projects
The UAE will continue to push ahead with its planned oil sector projects despite lower crude oil prices, energy minister Suhail al-Mazrouei said Monday.
Energy Subsidies in Mena Region Drop by $60 billion
Energy subsidies in the Mena region have fallen by US$60 billion and could continue to decline should oil prices drop further, a senior IMF official has said.
Saudi: Falling Demand for Oil is Chief Concern
The world’s largest exporter has chosen not to cut production, counting instead on lower prices to stimulate consumption, said Mohammad Al Sabban
Nigeria Plans to Diversify Economy Due to Oil Prices
Falling oil prices are a wake-up call for oil producing countries to continue to diversify their economies and minimise spending, a top official from Nigeria has said.
Africa Oil Boom on Hold due to Crude Prices
The dash for resources that saw explorers invest billions of dollars to tap promising oil fields from Ghana on the west coast to Tanzania on the east, is stalling as the global drop in crude prices pushes drillers to ...
OPEC Decision Wrong: Iran, Venezuela and Oman Now Say
Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, joined Venezuela and Iran in questioning the group’s decision to keep its output target unchanged even with crude prices falling.
Iraq: Output Must Rise to Compensate for Price Drop
Iraq, the nation adding more new oil to global markets than any other supplier in OPEC, said it needs to boost production and exports of crude to compensate for collapsing prices.
Kurd Oil Boosting Supply at Low Prices
Oil producers in Iraqi Kurdistan are unrelenting in their goal to boost output even after the collapse in international prices to below $50 a barrel.
