Oil Prices | Egypt Oil & Gas - Part 39
Abu Dhabi: Electric cars, biofuels under threat
Tumbling oil prices look set to hit electric cars and biofuels harder than other parts of the green power industry, the head of the world’s leading renewable energy agency has warned.
LNG Import Cost Dropping As A Result of Falling Oil Prices
The cost of importing LNG to Egypt will decrease $0.5 billion annually to $2 billion as a result of the drop in international oil prices, according to Khaled Abdel Badie, the chairman of state-run Egyptian Natural Ga ...
Traders Store W.African Crude in US Until Prices Recover
Traders are shipping West African crude to the United States to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne cargoes are able to compete better on p ...
Oil Drop Cuts 29% in Saudi Basic Industries Profit
Saudi Basic Industries Corp. (SABIC), the world’s biggest petrochemical maker by sales, reported a 29% drop in fourth-quarter profit as lower oil prices reduced returns from its own products.
Abu Dhabi Lead Shares Market After Oil Price Jump
Shares in Abu Dhabi rose to the highest level in three weeks, leading gains in Gulf Arab markets, after crude oil surged the most in more than two years.
Falling Oil Prices May Delay Exploration in Mexico
Mexico's finance secretary says plunging oil prices may delay bidding on some oil and gas exploration and production contracts.
Schlumberger Set for Significant Job Cuts
Oil services provider Schlumberger Ltd. says it is cutting 9,000 jobs in response to falling oil prices.
Kuwait Sets $155 Billion Capital for Five Year Development Plan
The Kuwaiti government has set capital spending in the five-year development plan starting in April at KD 45.5 billion ($155 billion), a majority of which will be spent on projects and development of human resources, ...
