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Oil Prices Continue to Drop

Oil Prices Continue to Drop

Cairo–Oil prices continued to drop during Wednesday’s session despite the decrease in the U.S. crude oil’s reserves. Yet, the Libyan statements that oil production could be increased soon had negative effects on the market. The oil market received two blows this week...
Coping with the US Hydrocarbon Revolution

Coping with the US Hydrocarbon Revolution

Washington, Asharq Al-Awsat—The United States is in the midst of an “oil boom” and a “hydrocarbon revolution” that will add significant new supply to oil markets over the next five years, according to the latest Medium-Term Oil Market Report by the Paris-based...