spending
-
Royal Dutch Shell Cuts Spending after Profits Fall
Thursday, 5th May 2016
Royal Dutch Shell will cut its spending by another 10% this year as it warned lower oil prices were continuing to affect its business. The company said it would reduce investment to $30b from a planned $33b. -
Brazilian Petrobras Selling Offshore Fields Worth $2b
Tuesday, 22nd March 2016
Brazil's state- owned oil company Petrobras is marketing offshore oil and natural gas fields worth as much as $2b as part of its plan to sell assets and pay down debt. The company also aims to raise $14.4b from asset sales this year. -
Chevron Cuts Capital Spending Plans for 2016-2018
Thursday, 10th March 2016
US energy giant Chevron said it was further cutting spending plans for 2016-2018 to address low oil and natural gas prices that are hammering its profits. The company will also slash 10% of its workforce in 2016. -
Iraqi Debts Prompt Request for Oil Companies to Reduce Spending
Tuesday, 15th September 2015
Iraq has formally asked oil companies investing in the country to reduce their 2016 spending plans by September 30, citing lower oil prices and government revenue -
Saudi Spending Spree Unabated by Oil Prices, Argue Some
Tuesday, 11th August 2015
There are conflicting reports emerging over the financial state of the kingdom of Saudi Arabia thanks to Brent price of oil sinking to below $50 a barrel. -
Low Oil Prices Threaten UAE Budget Crunch
Tuesday, 28th July 2015
The government of the United Arab Emirates is expected to cut spending by 4.2% this year as it begins to retrench because of low oil prices
Latest News
-
El Molla Showcases Ramallah Visit Results Before Cabinet
-
Wintershall Dea Records High production level of 650,000 boe/d in Q4 2020
-
Hungary Considers Importing Natural Gas from Egypt
-
Egypt, Palestine to Develop Gaza Gas Field
Subscribe to Newsletter

Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021