prices | Egypt Oil & Gas - Part 2

Egypt to Float Benzene Prices in March

Egypt plans to announce its pricing mechanism for 95-octane benzene by the end of December 2018, to start linking the product to international prices in March 2019.

Petroleum Ministry Rejects Gas Price Reduction for Factories

Governmental sources reportedly rejected decreasing natural gas price for factories following natural gas self-sufficiency as the output will be used to cover local demands.

Iranian Oil Prices Rise 2%

Iranian oil reached its highest price in two and a half years, rising 2% on January 3.

Kuwait Increases Oil Prices by 0.44%

Kuwait increased crude oil prices by 0.44% to be $63.78 per barrel, compared to $63.5 per barrel on December 29th, 2017.

Crude Rises to Levels Unseen Since 2015

Following a pipeline explosion in Libya, oil prices rose to highs not seen since mid-2015.

Abu Kir Fertilizer to Decrease Profitability

The recent Cabinet decision to cut fuel subsidies obliged Abu Kir Fertilizers Company to decrease the prices of its products, the company's Head stated.

Dubai Sets Oil Delivery Prices for June

The official price of the Dubai crude oil barrel for delivery in June will be $0.20 less than the average daily settlement price of the Oman Crude Oil Financial Contract in Dubai Mercantile Exchange (DME Oman) contra ...

Royal Dutch Shell Plans to Limit Spending

Oil giant Royal Dutch Shell plans to increase cost savings to $4.5b following its $54b acquisition last February of BG Group, which Chief Executive Officer, Ben van Beurden, said will make it the best oil company inv ...

Canada Oil Sand Fields Gradually Return

Workers for one of the largest oil sands companies affected by a wildfire in northern Canada started to return to the shuttered facilities on May 12th. The gradual return of Canadian oil sands output dragged down oil ...

Saudi Arabia Hikes Asian Oil Prices

Saudi Arabia raised its pricing for June oil sales to Asia by the most since April 2015, a sign that the world’s biggest crude exporter expects demand to recover.

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