Dragon Oil announces plans to drill seven more wells in Egypt
Dragon Oil said it will spend USD 200 million to develop the Al Wasl oil field. By 2026, the company hopes to have drilled more wells and more than doubled the daily production...
Tag : oil
Navigating the ‘oil’ uncertainty
China is the world's largest consumer of oil, therefore an increase in Chinese demand might help oil prices...
Goldman Sachs lowers Brent crude price projection due to high US production
Goldman Sachs revised its forecast for Brent, which was earlier expected to average USD 92 per barrel to a peak of USD 85 per barrel in June 2024...
IF Insights: The Sticky affair between high interest rates & clean energy growth
Till October 2023, the World Economic Forum observed that renewable energy stocks performing worse than their fossil fuel counterparts due to higher interest rates...
OPEC can see healthy growth in 2024
All 13 OPEC members as well as a few other economies that rely heavily on fossil fuels received a letter from Secretary General Haitham Al Ghais, Reuters reported...
China oil prices fall scepticism on OPEC+ cuts
Fears regarding the state of China's economy have also contributed to the bearish sentiment...
IF Insights: Why isn’t the Iraq-Turkey oil pipeline functional yet?
Iraq, the second-largest oil producer in OPEC, exports about 85% of its crude oil through ports in the south...
Saudi Arabia’s Q3 2023 budget deficit reaches USD 9.54 billion as oil revenue falls
The largest oil exporter in the world reported a nearly USD 30 billion budget surplus in 2022 as increased oil prices caused a 31% increase in government revenue...
Will Venezuela become oil biggie? As US lifts sanctions, experts weigh in
The Joe Biden administration removed the majority of the six-month limitations on Venezuela's ability to produce, sell, and export oil to specific markets...
UAE IPOs shine despite global setbacks
The UAE and Saudi Arabia are now playing a significant role in the IPO market, thereby collectively raising USD 7.35 billion from 35 IPOs...