Oil Prices | Egypt Oil & Gas - Part 7
Oil Price Slump Affects Mozambique Biofuel Plan
The decline in oil prices will prevent Mozambique from producing biofuels due to the increased costs of bio-diesel production in comparison to the conventional gasoline and diesel.
Kuwaiti Oil Price Reached $49.27 per barrel
Kuwaiti oil prices were stable at $49.27 per barrel.
Qatar’s Onshore Oil Price Hits $55.11 Per Barrel
Qatar’s onshore oil price in February marginally increased above its price in January to reach $55.11 per barrel - $10.11 above the $45-per-barrel rate previously approved in the state budget.
IEA Predicts Slump on Oil Supply by 2020
According to the International Energy Agency (IEA) latest report, investment in new projects fell during the slump in oil prices that began in mid-2014, which may compromise production levels by 2020.
Saudi Arabia to Boost Oil Revenues by 46%
Saudi Arabia expects oil revenue to jump by 46% next year after a deal between the kingdom and other producers to curb output drove up global prices.
Kuwait to Supply Crude to Egypt
Kuwait's Cabinet approved the extension of a crude export agreement with Egypt , starting January 2017, with a 9-month. Kuwait Bumped Oil Price to $44 a Barrel
Kuwait Petroleum Corporation (KPC) stated that the country increased oil prices increased by $0.13, late August, from $43.87 per barrel to reach $44 per barrel
Venezuela Seeks to Revive OPEC Freeze Talks
Oil Minister for Venezuela, Eulogio del Pino, is once again hoping to persuade the Organization of the Petroleum Exporting Countries (OPEC) to reach a freeze deal that would help boost global oil prices.
