Traders Eye $100 WTI Ahead of Iran Sanctions
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week.
Oil Prices | Egypt Oil & Gas - Part 6
Government Chooses Provider of Fuel Hedging Contract
The oil and finance ministries have chosen a firm to sign fuel hedging contracts with the government.
WTI Reaches $75 for First Time Since 2014
West Texas Intermediate (WTI) crude reached $75 a barrel on July 3, but quickly dropped to settle at just 0.3% higher, after the American Petroleum Institute (API) announced that US crude inventories fell by 4.51 ...
Libya Declares Force Majeure on Supplies, Oil Rises
Libya has declared a force majeure on significant ammounts of its supply, pushing oil prices to highs not seen since 2014.
Oil Rises on Iran Supply Concerns
Oil prices rose on June 27 after US officials ramped up pressure on its allies to end imports of Iranian crude by November.
Average Oman Crude Oil Prices Increases by 27.8% Y.o.Y
Average Oman crude oil price increased by 27.8% year-on-year (Y.o.Y), reaching $51 per barrel by end of 2017, from $40 per barrel in the same period of 2017.
Saudi Fiscal Plan Projects Higher Oil Revenues
In a six-year plan to balance the government’s budget, Saudi Arabia predicts that oil prices will rise to $75 per barrel by 2023.
Some ME Oil Exporters Could Run Budget Surpluses
With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable.
Kuwait’s Oil Bucks Global Price Trend
Kuwait’s oil prices fell on Friday, even as global prices rose.
