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Africa Oil & Gas Market News is an EIN News Service for oil and gas industry professionals. Constantly updated news and information about Africa Oil & Gas.
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Latest Africa Oil & Gas Market News

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  • Saudi hails perfect' price at Arab oil meeting 5 Dec 2009 13:18 GMT
    ... need to raise output for a while, Algerian Energy and Mines Minister Chakib Khelil said. ... of the global economic crisis on the oil market. The seven members of OAPEC that also ... Arabia and the United Arab Emirates. Bahrain, Egypt and Syria are OAPEC’s three other members. ...

  • Saudi hails "perfect" price at Arab oil meeting 5 Dec 2009 13:32 GMT
    ... state of the world economy and the oil market's rebound from a low of just above ... need to raise output for a while, Algerian Energy and Mines Minister Chakib Khelil said. ... Arabia and the United Arab Emirates. Bahrain, Egypt and Syria are OAPEC's three other members. ...

  • Saudi hails 'perfect' price at Arab oil meeting 5 Dec 2009 23:55 GMT
    ... state of the world economy and the oil market's rebound from a low of just above ... need to raise output for a while, Algerian Energy and Mines minister Chakib Khelil said. ... Arabia and the United Arab Emirates. Bahrain, Egypt and Syria are OPEC's three other members. Double ...

  • Riyadh hails 'perfect' price at oil meeting 5 Dec 2009 21:54 GMT
    ... CAIRO — Top oil exporter Saudi Arabia on Saturday ... need to raise output for a while, Algerian Energy and Mines Minister Chakib Khelil said. ...

  • Crude Oil Declines to Seven-Week Low as the Dollar Surges 5 Dec 2009 07:18 GMT
    ... Dec. 4 (Bloomberg) -- Crude oil fell to a seven-week ... improving demand,” said , a director of oil markets at Energy Security Analysis Inc. in Wakefield, ... are flouting their official limits the most. Africa’s biggest producer boosted oil production to 2.6 ...

  • Cedigaz: International gas market at 40-year low 4 Dec 2009 00:09 GMT
    ... -- This year has seen the worst performance of the ... the worst performance of the international natural gas market in 40 years, with gas consumption not expected ... bcm in Europe and 16 bcm in Africa. Production could increase 1.8-2.4% next year with ...

  • OAPEC''s ministerial meeting to take place at crucial moment - Fahmy 3 Dec 2009 19:18 GMT
    ... CAIRO, Dec 3 (KUNA) -- Egypt's Minister of Petroleum Sameh Fahmy said that ... place at a crucial moment as the oil market is struggling against the impacts of the ... membership by 1982 to eleven states, namely Algeria (1970), Bahrain (1970), Egypt (1973), Iraq (1972), ...

  • Kuwait amenable to current oil prices - oil minister 3 Dec 2009 19:18 GMT
    ... Ahmad said what is happening in the oil market "does not reflect state of supply and ... Arab cartel. OAPEC groups Kuwait, Saudi Arabia, Egypt, the UAE, Qatar, Bahrain, Syria, Algeria, Iraq and Libya. At Sheikh Ahmad's reception ...

  • OPEC to convene in Angola on December 22 4 Dec 2009 15:55 GMT
    ... it was still uneasy to gauge the oil market due to continuously fluctuating oil prices. The ... made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic ... Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), ...

  • IEA says oil supply well balanced' 3 Dec 2009 15:56 GMT
    ... / December 3. 2009 3:19PM GMT The oil market is sufficiently supplied with crude despite high ... similar remarks from officials in Iran and Libya. Even without a formal change in limits, ... last month, led by more output from Nigeria and Saudi Arabia. The 11 members of ...

  • Copenhagen summit to boost Uranium appeal 1 Dec 2009 06:15 GMT
    ... States, the Russian Federation, Portugal, Namibia and Niger, but those seeking reliable supplies must needs ... position in the world’s oil and natural gas market, Russia’s footprint in the global uranium market ... it has its influence in the global oil market. Its government’s relative stability and investor friendly ...

  • Iran´s Nuclear Ambitions Highlight the potential of Uranium and Nuclear Power 1 Dec 2009 06:35 GMT
    ... States, the Russian Federation, Portugal, Namibia and Niger, but those seeking reliable supplies must needs ... position in the worlds oil and natural gas market, Russias footprint in the global uranium market ... it has its influence in the global oil market. Its governments relative stability and investor friendly ...

  • Iran's Nuclear Ambitions Highlight Kazakhstan's Uranium Potential 30 Nov 2009 19:32 GMT
    ... States, the Russian Federation, Portugal, Namibia and Niger, but those seeking reliable supplies must needs ... position in the world’s oil and natural gas market, Russia’s footprint in the global uranium market ... it has its influence in the global oil market. Its government’s relative stability and investor friendly ...

  • Moody's revises integrated oil sector outlook to 'stable' 3 Dec 2009 09:59 GMT
    ... Profitability and cash flow generation across the global ... of mid-2009, despite continuing pressure on natural gas market prices, and help mitigate the likely continuing ... nationalism, as oil-rich host countries like Brazil, Nigeria and Libya consider unfavourable changes in fiscal ...

  • Weak crude oil demand may pose risk to market 3 Dec 2009 23:29 GMT
    ... of an impending correction in the crude oil market. “Given the fragile state of the global ... in October, while crude oil production in Nigeria crossed 2 mbpd in November after a ...


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