Articles in Latest Headlines
The Central Bank of Libya (CBL) has invited international banks to bid for the opening of branches in Libya in partnership with local banks, state news agency JANA announced on 16 February. A CBL statement …
Egyptian state gas firm EGAS has awarded three offshore exploration and production licenses to international firms, Minister of Petroleum Sameh Fahmy announced on 16 February. The three Mediterranean Sea blocks were awarded as follows: …
Austria’s OMV announced on 16 February a gas/condensate discovery in Southern Tunisia. A company statement said the Fella-1 well in the Jenein Sud block flowed gas at a rate of 2,700 b/d of oil …
Moody’s said on 16 February that its outlook for Kuwaiti banks remains negative, because Kuwait’s economy relies heavily on the performance of its oil sector. In the latest Banking System Outlook on Kuwait report, lead …
Benchmark crude oil prices rose by around 4% on 16 February as investors responded to a faltering dollar by buying commodities. WTI crude settled $2.88/B higher at $77.01/B while Brent crude settled $3.17/B higher at …
Moody’s announced on 15 February that it has upgraded Saudi Arabia’s foreign and local currency government ratings to Aa3 from A1 and the country ceiling for foreign currency bank deposits to Aa3 from A1. “The …
Kuwait’s Supreme Petroleum Council (SPC) is to review a stalled project to build a 615,000 b/d capacity refinery, state news agency KUNA reported on 15 February. The report cited KPC Chief Executive Sa’d al-Shuwaib as …
London-based oil and gas exploration and development company Max Petroleum announced on 15 February that its BOR-1 exploration well on the Borkyldakty prospect in Kazakhstan’s Block E has reached a total measured depth of 1,755ms …
Crude oil prices slid further on 15 February in quiet trading because of the US holiday, as concerns over the Greek economy kept investors cautious. WTI crude settled $0.25/B lower at $73.88/B in electronic trading, …
Benchmark crude oil prices fell on 12 February after four days of increases, as a result of weekly US petroleum data showing a rise in crude inventories and a move by the Chinese government to …
