Oil | Egypt Oil & Gas - Part 67
Oil Prices to Remain Low Until 2016: BP Chief
The chief executive of BP expects oil prices to remain low until at least 2016 as production grows faster than demand.
South Africa’s Stocks Fall and Petrochemicals Follow
South African stocks edged lower on Wednesday, led by petrochemicals firm Sasol as brent crude for July slipped when investors adjusted their positions ahead of a key meeting of OPEC oil producers.
Buhari Plans to Keep Oil Portfolio Away from New Nigeria Cabinet
President Muhammadu Buhari is likely to keep the oil portfolio for himself in the new Nigerian cabinet, rather than trust anyone else with the source of most of Nigeria's revenue and traditional fount of corruption, ...
Oil Decline Leads Explorers in Africa to Consider Mergers
The drop in oil prices will probably spur smaller oil and gas explorers in Africa to consider mergers to fund their ambitions, according to Pura Vida Energy NL.
Russian Oil Output Remains at Post-Soviet High Ahead of OPEC Meeting
Russian oil output remained unchanged in May at a post-Soviet high of 10.71 million barrels per day (bpd), Energy Ministry data showed on Tuesday, three days before OPEC meets to decide on output levels.
Croatia Considers Oil, Gas Exploration’s Threat to Tourism
When Croatia announced in 2013 it would set a tender to explore for oil and gas in its pristine Adriatic waters, the government evoked the hydrocarbon riches of Norway to win over the plan's many detractors.
Russian Oil Company Begins Trading in Chinese Currency Amid Continued Sanctions
Gazprom Neft, Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that western sanctions have driven an increase in the use of the Chinese curr ...
Oil Price Stabilisation to Help Lower Russia’s Inflation
Further stabilization of oil prices is likely to help lower inflation in Russia, allowing the central bank to reduce rates at a faster pace, the World Bank said Monday as it raised the economic outlook for the country.
