prices | Egypt Oil & Gas - Part 5
UAE’s Fuel Prices and Petrochems Move in Opposite Directions
The UAE ministry of energy announced it will again lower domestic prices for gasoline and diesel in December.
Russia May Raise Oil Taxes
The Russian government, facing budget deficits due to low oil prices, may restructure taxes on crude to make up for the shortfall, Bloomberg
Revolving Door Layoffs at Liberian National Oil Company
A shakeup is taking place at National Oil Company of Liberia (NOCAL), reportedly to keep the company financially afloat
Ghana Economy Reels from Low Oil Prices
Oil has gone from savior to curse for Ghana.
The Rise and Decline of SABIC Petrochemicals Profits
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported a 4.5% drop in second-quarter net profit on Sunday, a much smaller decline than analysts had forecast.
New Study Assesses Energy Subsidies in Egypt
A year after the government cut energy subsidies, including electricity, fuel oil and natural gas, the Egyptian Center for Economic Studies (ECES) released a study on the effects of the energy subsidy reform.
Saudi Varying Crude Prices Targeted to Asian Market
Top oil exporter Saudi Arabia is expected to cut monthly prices for medium and heavy grades it sells to Asia in August on weaker fuel oil cracks, while keeping the price for its flagship light crude little changed
Iran Confident it can Win International Gas Arbitration Case from Turkey
Iran will win again an arbitration case brought by Turkey for reduced gas prices after Ankara’s first attempt was quashed by the International Chamber of Commerce in Switzerland in 2014
