prices | Egypt Oil & Gas - Part 6
Ghana Economy Reels from Low Oil Prices
Oil has gone from savior to curse for Ghana. When the West African nation shipped its first barrels of crude oil in 2010, then-president John Atta Mills pledged to build new roads and a deep-sea port, expand the power...
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. SABIC made a...
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. Accordin...
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, tr...
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, an energy official predicted o...
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. US benchmark West Texas Intermediate for delivery in July jumped . 04 to $59.18 a barrel...
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. The Organization of...
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. Speaking to reporters on the sidelines of...
