Oil prices drop on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cartel …
Tag:
Output
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forex news
OPEC raises oil supply forecast on surging US output, warns about global economic growth
by nada nasserby nada nasserOPEC forecast Monday that U.S. drillers will account for most of the growth in oil production this …
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forex news
Oil prices drop away from multi-year highs on surge in US drilling activity
by nada nasserby nada nasserOil prices fell Monday away from last week’s multi-year highs as a relentless rise in U.S. drilling …
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forex news
Oil prices reach highest since November 2014 on Venezuela, Iran worries
by nada nasserby nada nasseroil rose above $70 a barrel Monday for the first time since November 2014, while Brent crude …
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Oil prices were steady on Monday as a rising U.S. rig count pointed to further increases in …
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Industry & Trade
BP to increase Egypt’s natural gas output to 1.3 bcf/day
by Yomna Yasserby Yomna YasserBP Egypt is targeting to increase natural gas production from the West Delta project to 1.3 billion …
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Industry & Trade
Eni’s IEOC to raise Egypt’s Zohr gas field output to 1.2 bcf/day in May
by Yomna Yasserby Yomna YasserItalian-Egyptian Oil Company (IEOC), Eni’s subsidiary, says it hopes to increase the production from Egypt’s massive offshore …
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forex news
Oil inches lower on expectations for US crude stock build
by Yomna Yasserby Yomna YasserOil prices slipped on Wednesday on expectations for a build-up in U.S. crude inventories, but Russian government …
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Oil prices inched up on Tuesday as rising Russian output and expectations of a reduction in Saudi …
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forex news
Oil firm on surprise US crude inventory draw, OPEC-led cuts
by Yomna Yasserby Yomna YasserOil prices were firm on Thursday, buoyed by a surprise decline in U.S. crude inventories as well …