The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced yesterday to cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, curbing global ...
SABIC announced that it has obtained the regulatory approvals to establish a petrochemical project with ExxonMobil in the US Gulf Coast.
Oil prices rose on June 27 after US officials ramped up pressure on its allies to end imports of Iranian crude by November.
Saudi Aramco is looking to expand its investments in refining and petrochemicals to secure new markets for its crude, and has identified growth in chemical industries as strategic in combating the risk of a slowd ...
Oil prices rose more than 2% on May 9, after President Donald Trump announced the US withdrawal from the Iran nuclear deal and a reimposition of the "highest level" of sanctions on Tehran.
Saudi Aramco signed preliminary cooperation agreements worth $10 billion with numerous leading oil services companies during Crown Prince Mohammed bin Salman's visit to the US.
American imports of Saudi crude oil dropped to 943 b/d in 2017, a 14% decrease from 2016, according to US government statistics.
