Price | Egypt Oil & Gas - Part 2

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 ...

French Engie, Gazprom to Adapt Gas Contracts Prices

French gas and power group Engie and Russia's Gazprom Export have agreed to adapt the price of its long-term gas supply contracts to fit market conditions.

Oil Price Slides on Weak China Data, Record Russian Output

Oil prices dropped again on Monday in response to weak economic data from China and record-high production figures from Russia.

Kazakh Currency Drops 22% from Oil Price

The national currency of Kazakhstan, the Tenge, lost nearly a quarter of its public value on Thursday,

Chevron’s Profits Down, Complications with Concessions

After posting higher profits than any other oil major last year, Chevron’s stock has badly slipped in 2015—down more than 30%,

Ukraine Seeks Deal on Gas Price with Russia in Next 2 Weeks

Ukraine hopes that the price for the third quarter will be lower, Demchishin said in an interview to Ukraine’s Channel 5.

Oil Extends Decline From 5 1/2-Year Low as Glut Persists

Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation that a global glut that drove crude into a bear market will persist.

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