Oil Prices | Egypt Oil & Gas - Part 8
Oil Price Slump Affects Mozambique Biofuel Plan
An official from the Mozambican Ministry of Mineral Resources and Energy stated that the decline in oil prices will prevent Mozambique from producing biofuels, Biofuels News reported. Accordingly, the Ministry’s...
Kuwaiti Oil Price Reached $49.27 per barrel
The Kuwait Petroleum Corporation (KPC) stated on the 2nd of April that on the 1st of April the Kuwaiti oil prices were stable at $49.27 per barrel, which is the same price of the preceding day, reported Kuwait News Ag...
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, The Peninsula info...
IEA Predicts Slump on Oil Supply by 2020
Oil supply growth will slow after 2020, with a drop in spare production capacity expected, unless new projects are approved soon, My SSnews informed, citing the International Energy Agency (IEA) latest report. IEA’s m...
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, Bloomberg reported. The world’s top oil exporter expects to collect...
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, reported Al Rai. According to a senior Kuwaiti official, Kuwait will provide Egypt for the... Kuwait Bumped Oil Price to $44 a Barrel
Kuwait Petroleum Corporation (KPC) stated that the country increased oil prices by $0.13 , late August, from $43.87 per barrel to reach $44 per barrel, reported Kuwait News (KUNA). In related news, the Kuwaiti nationa...
Venezuela Seeks to Revive OPEC Freeze Talks
Venezuela’s Oil Minister, Eulogio del Pino, has spoken to the Organizations of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammed Barkindo, ahead of a meeting between OPEC and non-OPEC producer...
