Price | Egypt Oil & Gas

Nigeria’s Diesel Price Crashes by 42%

NNPC announced that the price of diesel has crashed by about 42% nationwide,.

Liberian Government Increases Fuel Prices

The new prices have increased from $3.16 to $3.26 for a gallon of gasoline, while the retail pump price for a gallon of diesel fuel has increased from US$3.13 to $3.26.

Kuwait Favors an OPEC Output Cut Extension

Kuwait wants the Organization of Petroleum Exporting Countries (OPEC) to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market.

UAE to Increase Fuel Prices in March

The UAE has seen hikes in petrol and diesel prices since the start of 2017, for three consecutive months now.

Tanzania to Set Natural Gas Rates

Tanzania will start setting indicative prices for natural gas to guide potential investors. The Energy and Water Utilities Regulatory Authority (Ewura) is expected to announce the first list of the prices for 2017 by ...

Khartoum, Juba Extended Oil Agreements

Sudan and South Sudan agreed to extend the financial arrangements on agreement in the oil field.

Sasol Entered Oil Put Options

South African energy giant Sasol has entered into hedges to mitigate financial risks next year, which covers the oil price.

Shell, Apache Agree on Higher Gas Price

Shell and Apache have agreed with the Ministry of Petroleum on the price of the gas in the limestone layers at Apollonia field in the Western Desert. The new agreement decided on is for the price of $4.6 per 1m therm ...

Nigeria Unions Call for General Strike Over Gas Price Hike

Nigeria's two main labour unions called for an indefinite general strike from Wednesday May 18th, unless the government reverses its plan to increase the price of petrol.

Main Nigeria’s Oil Workers Unions Back Subsidy Removal

The main Nigerian oil workers unions, NUPENG and PENGASSAN, have declared their support for the government’s new price of petrol, after the removal of a controversial subsidy on gas, although the move is nearly doubl ...

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