prices | Egypt Oil & Gas - Part 6
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 ... Oil Prices Fall as US Dollar Strengthens
Oil prices ticked lower Monday on a stronger dollar and weak Chinese manufacturing data.
