oil

Foreign oil companies have slashed their budgets for 2015 by 30 percent, driven by declining world petroleum rates, former petroleum…

A recent sharp decline in international petroleum prices will not affect Saudi financial support to Egypt, senior Saudi cabinet official…

Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the…

Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and…

Ayman al-Qaffas, Finance Ministry spokesperson and deputy minister for international affairs, ruled out negative impacts of decrease in oil international…

Egyptian Petroleum Minister Sherif Ismaeil announced that the new oil agreements bring the total of new deals since November 2013…

A self-styled rival government controlling Libya's capital announced its own oil policies this week, drawing a rebuttal from Prime Minister…

Venezuela's 2015 budget will be based on a target oil price of US$60 dollars per barrel, President Nicolas Maduro said…

The US oil and gas producer Apache Corp.

Italian oil major Eni said on Thursday it had been awarded three new exploration licenses in Egypt as it grows…