prices | Egypt Oil & Gas - Part 7
Saudi Still Waiting for Non-OPEC Help, Moving into Shale
Saudi Arabia's oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to "improve" prices but only if other producers outside of the Organization of the Petroleum Exporting Countries (OPEC) joined the ...
Brent Price Falls on Expectations of Higher Supplies from OPEC, US
Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from Opec and the United States.
South Africa’s Sasol Implements Saving Scheme due to Volatile Oil Market
Major oil companies are scrambling to cut costs as global oil prices plummet. Sasol, South Africa’s petrochemicals giant, is the latest to roll out its aggressive savings plan, involving potentially thousands of job ...
Oil Prices Recover as Netanyahu Speaks to US Against Iranian Deal
Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African n ...
Angola to Cut Budget by 25% as Oil Revenue Plunges
Angolan President Jose Eduardo dos Santos said oil revenue in this year’s budget will plunge by almost half, forcing Africa’s second-largest crude producer to cut spending. 
