Crude Rises to Levels Unseen Since 2015
Following a pipeline explosion in Libya, oil prices rose to highs not seen since mid-2015.
prices | Egypt Oil & Gas - Part 3
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.
Royal Dutch Shell Cuts Spending after Profits Fall
Royal Dutch Shell will cut its spending by another 10% this year as it warned lower oil prices were continuing to affect its business. The company said it would reduce investment to $30b from a planned $33b.
Engie Ordered to Raise Prices
Following a complaint by rival Direct Energie, the French competition authority has ordered Engie to raise its natural gas prices for companies, saying that in some cases the utility was engaging in “predatory pricin ...
Low Oil Prices Forces IMF to Cut Global Growth Forecast Again
The International Monetary Fund (IMF) has cut its outlook for 2016 economic growth for the fourth time in the past year, citing low oil prices, China’s slowdown and chronic weakness in advanced economies.
