Saudi Arabia, Russia to Extend Oil Cut until March 2018

• Wednesday, 17th May 2017
• by Dr. Mahinaz El-Baz

Saudi Arabia and Russia, the world’s top two oil producers, agreed on the need to extend output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices, Reuters informed...

Japan Eyes New Oil Suppliers

• Thursday, 16th June 2016
• by Egypt Oil & Gas

Japanese oil companies are expanding their network of crude oil suppliers, becoming less dependent on the Middle East’s imports, reported Nikkei Asian Review. The company started buying Mexico-produced crude oil last ...

Crude Oil Prices Decline over China’s Economic Slowdown

• Monday, 11th January 2016
• by Egypt Oil & Gas

Global crude oil prices continue dropping to record low, with Brent down at $32.62 per barrel and US West Texas Intermediate (WTI) as low as $32.36, amid China’s emerging economic slowdown and continuous overpro...