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Oil & Gas
Egypt petrol subsidy bill down 29% in 2015-2016
Egypt's spending on petroleum subsidies dropped by 28.7 percent in the 2015-16 financial year to compared to one…
Oil pares losses on Saudi offer to cut output as OPEC…
Brent crude oil futures were down 17 cents at $47.48 a barrel, by 11:26 a.m. ET (1326 GMT).
U.S. West Texas…
Oil rises on Saudi offer to cut output as OPEC talks…
Oil prices jumped on Friday after reports were received that Saudi Arabia could reduce its crude production should…
Oil rises 2%, underpinned by US crude draw, weaker…
Oil prices rose about 2 percent on Thursday, rallying for a second day after a surprise U.S. crude inventory drop…
OPEC in new push to clinch first deal to curb output
As far as OPEC decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been…
Nigeria’s Forcados oil exports to restart
Exports of Nigeria's Forcados crude stream oil are set to resume at the end of September for the first time since…
Ghana on course to be Africa’s number four oil…
Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come…
Oil prices climb on weaker dollar, after U.S. crude…
Oil prices rose on Thursday, lifted by a weaker dollar and extending gains from the previous session when a…
Oil price recovery will be slow, analyst predicts
McKinsey Energy Insights (MEI) predicts it will take more than six months for oil markets to fully rebalance.…
S&P hikes oil price forecast for 2016, says demand…
S&P Global Ratings has raised its price forecast for Brent and West Texas Intermediate (WTI) crude oil for the…
Oil price inches to $46.65
Brent oil is slightly up this morning at 46.65 $/bbl after Algeria said OPEC may turn its informal talks next week…
Oil prices rise on reported US crude stock draw, Norway…
Oil prices jumped over 1 percent on Wednesday, pushed by a reported draw in U.S. crude inventories and an oil…