prices | Egypt Oil & Gas - Part 5

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

Oil Prices Rally on Chinese Stimulus Hopes

Oil prices rallied on Tuesday, aided by hopes of Chinese stimulus, helping to offset concerns about high supplies, traders said.

Oil Prices Fall as OPEC Keeps Production Unchanged

Crude oil prices fell in early Asian trading on Monday as markets were expected to be increasingly oversupplied following OPEC's decision last Friday to keep its production targets unchanged.

Oil Minister Dispels Claims about Gasoline Price Rise

Iran's Oil Minister Bijan Namdar Zanganeh says rumors about further hike in gasoline price in coming months are not true and fuel price will remain at its current level.

OPEC Puts Oil Output Target On Hold

OPEC decided to keep its oil output target on hold Friday and predicted that prices would remain low for the foreseeable future — good news for oil-hungry international industries and consumers at the gas pump.

Oil Prices to Remain Low Until 2016: BP Chief

The chief executive of BP expects oil prices to remain low until at least 2016 as production grows faster than demand.

Despite Huge Find, Decreasing Prices Means No Drilling in Canada

The news was bittersweet for Canada’s Northwest Territories. While the region found out last week that its Canol and Bluefish formations hold Canada’s largest shale oil reserves, the slump in prices means no one’s dr ...

Oil Prices Fall 3 Percent on Dollar Rally, Over Abundance Fears

Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day as the dollar rallied and on evidence that the United States and top oil exporter Saudi Arabia were pumping mo ...

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