OPEC | Egypt Oil & Gas - Part 44
Venezuela in Talks with Global Oil Majors to Tackle Low Oil Prices
Venezuela has made four formal proposals to OPEC and non-OPEC states - Russia, Saudi Arabia, Iran and OPEC Head - in an attempt to summon a joint emergency meeting to tackle the continuously declining oil prices and ...
Kuwait Committed to its Planned $100b Oil Investment
Kuwait is committed to its petroleum investment plans of $100b in the next five years despite the prospect of low oil prices persisting.
OPEC Chief Calls for Global Cooperation
OPEC Secretary General, Abdullah al-Badri, has called on all oil-producing countries to cooperate in attempts to tackle oil oversupply and remedy global oil price slide, while allowing new investments to pour into th ...
Iran Rejects Venezuela’s Call for OPEC Emergency Meeting
In the wake of Venezuela's call for an emergency OPEC meeting, Iran’s Oil Minister, Bijan Zanganeh, said that such a meeting would hurt the crude oil market, unless it reached a decision to shore up falling prices.
Oman Eager to Cut Oil Production under OPEC Initiative
Oman announced that it is ready to cut oil output by 5% to 10% to buoy up oil prices if OPEC and non-OPEC members took the initiative.
UAE Denies Nigeria’s Call for Emergency OPEC Meeting
The UAE has denied claims made earlier by Nigerian Petroleum Minister that an emergency meeting of OPEC was in order to discuss the current oil pricing policy amid a 12-year low drop of oil prices to $30.
Crude Oil Prices Decline over China’s Economic Slowdown
Global crude oil prices continue dropping to record low, with Brent down at $32.62 per barrel and US West Texas Intermediate (WTI) as low as $32.36, amid China's emerging economic slowdown and continuous overproducti ...
Algeria’s Energy Export Volumes Drop 2.8%
Algeria’s energy export volumes dropped by 2.8% in the first nine months of 2015 due to increased domestic consumption and decreasing output.
