Oil Prices | Egypt Oil & Gas - Part 6
Egypt, Saudi Arabia Discuss Oil, Gas Opportunities
Egyptian Minister of Petroleum, Tarek El Molla, met with his Saudi counterpart, Khalid Al-Falih, to discuss oil and gas opportunities in the Red Sea and the cooperation between the two countries, Egypt Oil & Gas r...
Iraq Plans to Reduce Oil Prices for Jordan
Iraq plans to reduce the price of oil traded to Jordan in return for preferential tariffs on goods that Iraq receives from Jordan through the Aqaba port, according to Iraqi Prime Minister Adel Abdul Mahdi, Zawya repor...
Egypt Cancels Fuel Hedging Contracts
The Ministry of Finance has canceled plans to purchase fuel hedging contracts from international financial institutions, a government source told Enterprise. The ministry was close to finalizing contracts with two ban...
Saudi Crude Production Hits Record Highs in Early November
Saudi Arabia’s crude production hit record highs in early November following large orders made in early October in preparation for the loss of Iranian crude from the market, Bloomberg reported. Industry sources ...
GCC Economies to Recover in 2019 Due to Stable Oil Prices: Moody’s
The Gulf Cooperation Council (GCC) and Africa will experience higher economic growth in 2019, Moody’s Investors Service said in its new report, according to Argaam. “Steady oil prices would strengthen lenders in the G...
Aramco May Cut Asia-Bound Crude Prices
Saudi Aramco could decrease the official selling price (OSP) differentials of crude oil bound for Asia in December, traders told S&P Global. The decrease in Asia’s selling prices is because of Dubai’s weak crude o...
Oil Prices Increase Before US Sanctions Against Iran
Oil prices increased by 1% on October 31, a week before US sanctions are introduced against Iran’s energy sector, Reuters reports. Brent crude prices rose 80 cents to $76.71 per barrel while US light crude was u... Finance Ministry to Allocate $80/Barrel of Oil in the 2019/20 Budget: Government Official
The Egyptian Ministry of Finance will calculcate the 2019/20 budget using a benchmark oil price of $80 per barrel, a senior government official told Enterprise. The cabinet has started working on the new budget aiming...
