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Crude oil prices down Daily News Egypt

Oil prices sink amid demand fears

Oil prices plunged as West Texas Intermediate for September delivery fell $1.35 to$39.92 a barrel, while Brent crude lost 81 cents to $42.94 a barrel


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BP Egypt confirms successful well test at Bashrush discovery

The test was the latest activity in the ongoing appraisal programme at the Bashrush discovery, located in the Nile Delta’s North El Hammad concession area. The well test delivered up to 32 MMscf of gas, with a production estimate of up to 100 MMscf of gas and 800 barrels of condensate per day.

Daily News Egypt