Monday 30 March 2015
 
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Oil minister

Oil may reach $60 by year-end says Kuwait minister

Kuwait's oil minister expects crude prices to rise in the second half of 2015, possibly to $60 a barrel by year-end, local newspaper Al-Rai cited him as saying on Wednesday. The recent rebound in oil prices was due to low supp

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Saudi king reshuffles cabinet; veterans stay

Saudi Arabia's new King Salman has ordered a lavish payout to all state employees and reshuffled some top government jobs while keeping in place the oil, foreign, finance, defence and interior ministers. The top oil exporter w

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Iraq eyes 2015 budget on $80 per barrel oil price

Opec producer Iraq expects to base its 2015 budget on an oil price of $80 per barrel, Oil Minister Adel Abdel Mehdi told parliament on Monday. Oil prices have fallen to below $80 on abundant and weak demand from $115 a barrel in J

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Iran slams oil producers for not cutting output

Iran's oil minister accused some countries on Sunday of making up excuses to justify their refusal to stabilise prices by cutting output, a possible reference to Saudi Arabia as a Saudi official insisted the issue should be left to market fo

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New Iraq oil minister faces daunting task

Iraq's new oil minister is a veteran politician who will need to deploy all his experience to resolve disputes over Kurdish oil production and allay foreign investor fears about Islamist militia control in northern oil fields.

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Egypt to sign new deals with foreign gas firms

Egypt is revising the prices it pays to buy gas from foreign energy companies operating in the country and plans to sign new contracts to "reassure" the firms, al-Mal newspaper quoted the oil minister as saying. Sherif I

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Algeria issues arrest warrant for ex-oil minister

Algeria has issued international arrest warrants for nine individuals, including former oil minister Chakib Khelil, the official APS news agency said on Monday. Also on the Attorney General's list of warrants were Khelil's

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Kuwait oil minister's resignation 'accepted'

The resignation of Kuwait's oil minister Hani Hussein has been accepted, local media reported, after he came under pressure from lawmakers wanting to question him over a $2.2 billion compensation payment to Dow Chemical Company.

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Kuwait oil minister's resignation 'accepted'

The resignation of Kuwait's oil minister Hani Hussein has been accepted, local media reported, after he came under pressure from lawmakers wanting to question him over a $2.2 billion compensation payment to Dow Chemical Company.

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Oil minister does not return to Libya

Libya's oil chief, Omran Abukraa, is in Tunisia after deciding not to return to Libya from a trip abroad, a Tunisian official source said on Saturday. This is the third apparent defection this week of a senior figure associated with Mu

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