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.
Oil Prices | Egypt Oil & Gas - Part 7
Kuwait’s Oil Bucks Global Price Trend
Kuwait’s oil prices fell on Friday, even as global prices rose.
Higher Oil Prices Shrink Saudi Deficit
A strengthening in Saudi Arabia's government finances has allowed the kingdom to stop drawing down its foreign assets.
Kuwaiti Oil Price Decreases
The price of Kuwaiti oil went down by $0.42 to reach $48.75 per barrel.
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.
