Oil Prices | Egypt Oil & Gas - Part 8
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.
Oil Ministry: Egypt’s Oil&Gas Industry Is Stable
The Egyptian Ministry of Petroleum and Mineral Resources has assured that the oil and gas industry is currently stable despite decrease in global oil prices.
Saudi Tasnee Records $27.7m Profit in Q2
Saudi Arabia's National Industrialization Co (Tasnee) said it hit a net profit in Q2 as opposed to analysts' forecasts, bringing a run of five straight losses to an end.
Kuwait Is to Award $27b Contracts despite Low Oil Prices
Kuwait is expected to award $27b worth of contracts before year-end despite the significant slump in oil prices, indicating an expansion in Kuwait's projects market.
EIA: Global Oil Glut Persists Despite Demand Growth
The Energy Information Administration (EIA) said that the oil market is maintaining a global crude glut despite global demand growth, a drop in non-OPEC production, and a decline in crude stockpiles. Saudi Oil Minister: Above $50 Per Barrel Needed to Sustain Investments
Saudi Energy Minister, Khalid Al-Falih, said that an amount of more than $50 per barrel is needed to sustain investments for the global oil sector. Crude Investors Flee to Safety after Brexit
The UK’s surprising vote to for Brexit has brought a new level of uncertainty into the markets as investors started to withdraw from the international oil and gas market and the oil prices started to falter. Analysts ...
Algeria’s President Replaces Energy Minister
Algeria's Energy Minister, Salah Khebri, has been replaced, after a year in office, by the Head of the state power company, Sonelgaz, Noureddine Boutarfa. Algeria's President, Abdelaziz Bouteflika, organized a surpr ...
