- BP signs deal to drill five gas wells offshore Egypt
- Iraq Discusses Establishing Oil Pipeline from Basra to the Sultanate of Oman
- QatarEnergy Signs Long-Term Helium Supply Agreement with Germany’s Messier
- Kuwait Considers Leasing 13 Pipelines to collect Up to $7 Billion
- Oman: OQ Exploration and Production Looks to Unveil New Projects
- Egypt: Apache plans to increase its natural gas production in Egypt by 15% by fourth quarter 2025.
- Egypt: Apache plans to increase its natural gas production in Egypt by 15% by fourth quarter 2025.
- Egypt: Apache plans to increase its natural gas production in Egypt by 15% by fourth quarter 2025.
- Egypt Signs Solar Energy Project with UAE, Bahrain, and China
- Libya Cooperates with the United States to Develop the Oil and Clean Energy Sector
Markets
“The next stage is exceptional in the oil industry”
“The next stage is an exceptional stage in the oil industry, and the geopolitics will have a more important factor in the markets in the coming period,” said Fatih Birol, executive...
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Qatar to exit OPEC, results and reasons
By Yara Samarraei – Dec 05, 2018 Qatar decided to withdraw from the Organization of Petroleum Exporting Countries (OPEC) and delivered an official letter to the Secretary-General of the...
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Saudi Arabia – and OPEC in general – may lose leadership of the global oil market
Analysts at the BMI Research said the potential of shale oil in the United States is still largely unknown and that the oil prospects form Iran, Libya and Venezuela are Doubtful. Analysts say Saudi...
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Qatar says sees merits of extending oil supply cut into first quarter of 2018
Qatar’s energy minister said on Saturday he was optimistic that extending a global oil supply cut beyond June would improve market stability, and that there was merit in continuing the curbs...
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IEA says global oil market now close to balance
The global oil market is close to balance, after nearly three years of excess supply, as production cuts by top exporters offset a longer-term decline in demand in the richest nations, the...
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Optimism among Arab circles that oil market will improve by end 2017
Kuwait’s Oil Minister Essam al-Marzouq said the market could gain balance by the third quarter of this year, as long as producers agreed to an OPEC cut-off agreement settled by end 2017. He...
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Saudi Arabia ahead for $60/b oil prices in 2017
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies...
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Some BG Group offices to close
Royal 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...
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OPEC maintains crude production during the coming six months
The Organization of Petroleum Exporting Countries decided to maintain its output at 31.5 million barrels per day, group President Emmanuel Ibe Kachikwu said after the December meeting of OPEC...
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Consumers Oil Markets Stabilit between Productions and Consumers
Crude Oil now represented less than a quarter of the price oil products in many Countries. Therefore, taxes have more influence over the price of oil products. When oil taxes are raised, end...
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