Saudi Rulers to Curb Wages as Kingdom Confronts Oil Slump
Saudi authorities pledged to curb wages and push ahead with investments next year as the world’s largest oil…
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Oil
Oil, Stocks Go Their Separate Ways
Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader…
Asian Shares, Dollar, Oil Dip But Pull Off Lows
Asian shares, the dollar and oil prices all slumped on Wednesday, pulling back as global growth concerns and…
U.S. Oil Output Growth To Slow As Global Prices Sink: Obama Adviser
The United States will continue to boost oil production but falling global prices will slow down the pace,…
FDI In Oil And Gas Unaffected By Egypt’s Instability
Political instability in Egypt did not impede the possibility of greenfield foreign direct investment (FDI) in the…
Egypt Plans to Launch 2 Plants in Damietta worth EGP8bn: Minister
Deputy Chairman of General Authority for Supply Commodities (GASC), Mamdouh Abdel Fattah revealed that the ministry…
Egypt Awards Oil And Gas Exploration Blocks
Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian…
Dollar’s Rally Bad News For Oil, Multinationals
The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to…
Ukraine Threatens Oil And Gas Cut-Off In Russia Sanctions
Ukraine threatened to block Russian oil and gas supplies to Europe in new sanctions against Vladimir Putin’s…
Oil At Three-Month High On Iraq Anxiety, Stocks Steady
European shares held steady near 6-1/2-month highs on Thursday, with gains limited by concerns over the pace of…
