Oil | Egypt Oil & Gas - Part 66
Oil Prices Fall as OPEC Keeps Production Unchanged
Crude oil prices fell in early Asian trading on Monday as markets were expected to be increasingly oversupplied following OPEC's decision last Friday to keep its production targets unchanged.
Libya’s AGOCO Producing up to 290,000 b/d
Eastern Libyan state oil firm AGOCO is producing 250,000 to 290,000 barrels per day (bpd), a company spokesman said on Sunday, unchanged from recent weeks.
Brazil Oil Regulator Eases Fines on Producers to Improve Development
Brazil’s oil regulator plans to ease future fines for producers who fail to meet strict local-content guidelines as the country seeks to accelerate development of offshore oil and gas resources.
Fighting in South Sudan Escalates in Oil States
Fighting between rebels and government forces in South Sudan’s oil-producing states intensified, the army said before the two sides meet on Monday for peace talks.
Russia May Begin Importing Crude from Iran in New Oil-for-Goods Deal
Russia may start importing crude from Iran next week as part of an oil-for-goods agreement, Iranian Energy Minister Bijan Namdar Zanganeh said.
OPEC Puts Oil Output Target On Hold
OPEC decided to keep its oil output target on hold Friday and predicted that prices would remain low for the foreseeable future — good news for oil-hungry international industries and consumers at the gas pump.
Libyan State Oil Company to Send fuel to Opposing Region
Libyan state oil company NOC is delivering petrol to a western region opposing a self-declared government in charge of the Tripoli capital, it said in a bid to showcase its impartiality in a power struggle dividing t ...
