 |
BG Egypt appoints oil veteran as new presidentBG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as its president, the company said in a statement on Sunday. The firm said Kacem had spent 23 years in the upstrea More… |
 |
Oil holds around $70Oil held steady around $70 for a third session as the market remained focused on falling US gasoline inventories. The market also foused on a decline in crude stocks in a key delivery point in the world's largest consumer. US More… |
UAE struggles for gas supply as temperatures riseAs summer temperatures rise, power stations are devouring gas supplies in the UAE and leaving industry in some areas short. Residents cranking up air conditioning units are increasing the call on gas-fired power plants and straining supply More… |
 |
Iran to start rationing gasolineIran next week will start rationing its heavily subsidised gasoline for three months, the head of parliament's energy commission said. Iranian lawmakers have made several statements in recent days on when the delayed scheme to ration fuel More… |
 |
Oil slides as Nigerian strike endsOil prices fell by more than half a dollar to below $71 a barrel as Nigerian unions ended a strike that had threatened to disrupt oil exports. Benchmark London Brent crude for August fell 59 cents or 0.83 percent to $70.59 a barrel by 0143 More… |
