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Quantities include the foreign partner’s share at an average price of $55 a barrel, say government sources
Decline in global demand for oil threatens to OPEC’s plans to cut production, says Youssef
The Iranian government vows to take a ‘proper response’
SAR 61.4bn, estimated size of relevant entertainment market in the Kingdom by 2030, says Colliers
A government source told Daily News Egypt that the government has fixed the prices of petroleum products, in parallel with fixing the value of hedging against price fluctuations, which protects the state budget from bearing any additional burdens.
Refining 3.6m tonnes of crude oil, gas production increases to 51.1m tonnes, says source
Market to face oil glut in coming period, prices to fall under $60: Source
The ministry of petroleum said in a statement that the remaining five wells in the field will be developed during the second quarter of next year.
UK, Germany agree on need for international response to Saudi attack: UK PM’s spokesperson
Movement said Saudi Arabia should stop its “aggression, blockade on Yemen”
Iraqi government dismissed media reports about use of its territory in attack
Iranian ambassador to UK summoned by UK Foreign Secretary
Oil price fell below $60 a barrel, contrary to expectations, according to industry source
Moreover, he said that the average daily production of the company during the year reached 31,700 barrels of oil per day, while the company’s total investment amounted to about $182m.
Foreign companies pump 94.3% of investments, state-owned companies represent 5.7%
Egypt, South Sudan own 90% of oil production in Nile Basin
The facilities attacked included a refinery and oil storage, Al Masirah said, citing a military spokesman. It did not say when the attack took place.
Overall, firms are generally positive regarding future condition of economy, says David Owen
Decline in oil prices to reduce fuel subsidies to 10% in Q1 of FY 2019/20
Pompeo says he is confident that US could build maritime coalition in Gulf
El Sharara oil field is located at the south-western Murzuq Desert.
Renewal of hedging contracts every 3 months with review of oil value in markets: Source
Price recovery backed by supply tightening, future disruptions due to Gulf tensions, says IHS Markit
FM Cavusoglu, urged Greek Cypriot government to accept cooperation plan on drilling
State budget bore $5 difference in price of barrel for JP Morgan, Citibank
Project’s investments are estimated at $5bn, says source
Bank of America expects Brent to rise to $90 per barrel
Political moves resulting from these attacks will affect oil market, says expert
Houthi-run Al-Masirah TV cited military official saying seven drones staged attacks on vital Saudi installations
Renewal is essential to secure subsidy allocations from price changes, says El-Molla