Oil Prices | Egypt Oil & Gas - Part 38
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.
Drop in Oil Prices Causes Mexico to Cut Spending
Mexico will cut government spending by $8.4 billion this year because of a drop in revenues due to declining oil prices.
Shell Slashes Spending for 2015-2017
Royal Dutch Shell PLC has curtailed more than $15 billion in potential spending over the next 3 years, but is not “not overreacting to current low oil prices,” and is keeping its “best opportunities on the table,” th ...
Iraq: Budget Trimmed Due to Oil Prices
Falling oil prices forced Iraq’s cabinet to revise its draft 2015 budget, trimming its forecast for oil to $55 a barrel from $60.
Aramco: Oil Price ‘Too Low’
World oil prices have fallen too far, the president of state-owned energy giant Saudi Aramco said on Tuesday, stressing it was for the market not OPEC producers to shore them up.
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
