Oil | Egypt Oil & Gas - Part 67
Eastern Europe Basks in a Recovery Fuelled by Oil
Sandwiched between a stuttering eurozone and a recession-ridden Russia and Ukraine, and with the troubled Turkey and Greece to their south, eastern Europe’s economies might not seem, in a literal sense, to be in a goo...
Islamic State Approaches Libya’s Oil Ports as UN Seeks Accord
Islamic State strengthened its hold in central Libya, seizing territory near the country’s largest oil terminal, as the United Nations warned that time is running out on its efforts to broker a deal among warring fact...
US Overtakes Russia as Biggest Oil, Natural Gas Producer
The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields. U.S. oil production rose to a...
Venezuela Demands Guyana Stop Oil Exploration in Disputed Territory
Venezuela’s President Nicolas Maduro demanded on Tuesday that neighbouring Guyana stop oil exploration in a disputed offshore territory. The exploration is being carried out by US oil giant ExxonMobil. Venezuela...
Canada’s Crude Oil Output to Grow at Slower Pace Than Previously Forecasted
Canada’s crude oil output will continue to grow over the long term but at a slower pace than previously projected, reflecting many project postponements resulting from the slump in oil prices, the country’s main energ...
Oil Prices Rally on Chinese Stimulus Hopes
Oil prices rallied on Tuesday, aided by hopes of Chinese stimulus, helping to offset concerns about high supplies, traders said. US benchmark West Texas Intermediate for delivery in July jumped . 04 to $59.18 a barrel...
Sudan Chooses New Foreign Minister to Strengthen U.S. Ties
Sudanese President Umar al-Bashir chose a new foreign minister after vowing to improve relations with Europe and the U.S., which has sanctioned the country for more than 15 years over allegations it sponsors terrorism...
US Companies With Low Cost Oil Set to Become Main Focus
“When something on this scale happens, every board asks: ‘What do we do?’ And they call in their M&A advisers and ask them the same question.” According to one senior oil executive, Royal Dutch Shell’s £55bn offer...
