Oil drops as soaring US production outweighs talk of OPEC output cuts
Oil dipped on Thursday as record U.S. crude output heightened concerns of a return of global oversupply, stoking…
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Output
Egypt’s Zohr gas field output exceeds 2 bln cubic feet/day
The daily production of Egypt’s mammoth offshore Zohr gas field has exceeded 2 billion cubic feet per day, an…
Gas output in Egypt’s Alexandria, West Delta fields to start in Dec.
The second phase of gas production in North Alexandria and West Delta fields will start next December, according to…
Oil near 4-yr high as producers resist output rise to offset Iran sanctions
Oil prices on Tuesday were within reach of four-year highs hit in the previous session, as looming U.S. sanctions…
Oil prices fall on rising output from OPEC, U.S.
Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling…
Oil falls, reaching $69.80, but end the month higher as Iran sanctions loom
Oil prices slipped on Friday but remained near $70 a barrel as impending U.S. sanctions on Iran and falling…
Oil prices rise on expectations of market tightening
Oil prices rose on Tuesday as risks of supply disruptions from places such as Venezuela, Africa and Iran triggered…
Oil rises as Saudi cuts output, but looming demand slowdown drags
Oil prices rose on Tuesday after a report from OPEC confirmed that top exporter Saudi Arabia had cut production to…
Egypt’s Zohr field to raise output to 2bn cubic metres daily in Sept.
The daily production of Zohr gas field will increase to 1.75 billion cubic metres by the end of the month and to…
Oil falls on oversupply concerns as OPEC output increased in July
Oil prices fell on Tuesday, with Brent futures set for their biggest monthly loss in two years, on oversupply…