Prices have fallen by around 70% from their peak in summer 2014
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Iranian official: low oil price an ‘opportunity’
The price of oil has fallen by 70% since it peaked in July 2014
Posted inProducts & Services
Oil over-supply likely to continue
Wood Mackenzie says it expects to see supply remain high
Posted inProducts & Services
UAE resilient to low oil prices: Economy Minister
Oil revenues currently contribute 30% to the UAE’s GDP, a drop from 90% in the 1970s
Posted inProducts & Services
Iran to raise storage capacity of key oil terminal
Storage of crude oil in Kharg oil terminal has always been on the Iranian authorities’ agenda due to its strategic importance
Posted inProducts & Services
OPEC December oil output slips, still near record
OPEC supply fell in December to 31.62mn bpd from 31.79mn bpd in November
Posted inProducts & Services
Iraq exports 2bn oil barrels, earns $50bn in 2015
Country’s oil exports for December amounts to 99.65mn barrels, fetching a revenue of $2.97bn
Posted inProducts & Services
Egypt arrears to oil companies rises to $3bn
Ministry had aimed to reduce debt to $2.5bn, but has failed to do so
Posted inNews
Oil prices rise on Saudi Arabia, Iran tensions
Global oil benchmark Brent climbed more than a dollar to a high of $38.50 per barrel on January 4
Posted inProducts & Services
Oil exports from south Iraq hit 3.27mn bpd
Total fell just short of November’s record numbers