Sentiments about an emerging balance in energy markets Friday helped add positive pressure to the continuing rebound in crude oil prices. Crude oil prices are at their highest levels in roughly 5...
Read moreThere may be buyers already in place to help privatize some of the largest oil companies in Russia, the country’s first deputy prime minister said. The Kremlin has been reviewing privatization...
Read moreRoyal Dutch Shell said Monday it was closing some of the offices in the United Kingdom for BG Group as both companies move forward under a united structure. British energy company BG Group became a...
Read moreSaudi Arabia is expected to sign a $20 billion deal to finance Egypt’s petroleum needs for the next five years and a $1.5 billion deal to develop its Sinai region, two Egyptian government...
Read moreGCC countries plan to pump up to $100 billion into renewable energy projects over the next 20 years, according to the Kuwait Institute for Scientific Research (KISR). Dr Samira Ahmad Omar,...
Read moreEgypt will reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global energy costs, officials said on Saturday. Finance Minister Amr al-Garhy told a news...
Read moreIt was announced today by the Gulf Organization for Industrial Consulting (GOIC) and Euro Petroleum Consultants that HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of...
Read moreGazprom’s gas transports to European countries outside the Commonwealth of Independent States were up 33.5% year-on-year during the first few weeks of 2016, the company announced In total, 36.5 bcm...
Read moreIn an interview with Bloomberg, Russian Energy Minister Alexander Novak said, “We’re ready to discuss the issue of cutting oil output volumes and ready to consider the possibility. “This...
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