united states

  • OPEC+ Decisions Could Curb Oil Supply by 20%

    OPEC+ Decisions Could Curb Oil Supply by 20%

    Monday, 13th April 2020

    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 oil supply by 20%.

  • SABIC Gets Nod for ExxonMobil Petrochemical Project

    SABIC Gets Nod for ExxonMobil Petrochemical Project

    Thursday, 13th June 2019

    SABIC announced that it has obtained the regulatory approvals to establish a petrochemical project with ExxonMobil in the US Gulf Coast.

  • Oil Rises on Iran Supply Concerns

    Oil Rises on Iran Supply Concerns

    Wednesday, 27th June 2018

    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 Executive Details Downstream Plan

    Saudi Aramco Executive Details Downstream Plan

    Thursday, 14th June 2018

    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 slowdown in oil demand.

  • Oil Spikes as Trump Exits Iran Deal

    Oil Spikes as Trump Exits Iran Deal

    Wednesday, 9th May 2018

    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 Signs Agreements Worth $10 B with US Companies

    Saudi Aramco Signs Agreements Worth $10 B with US Companies

    Wednesday, 28th March 2018

    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.

  • Saudi Oil Shipments to US Down 14% in 2017

    Saudi Oil Shipments to US Down 14% in 2017

    Wednesday, 21st March 2018

    American imports of Saudi crude oil dropped to 943 b/d in 2017, a 14% decrease from 2016, according to US government statistics.

  • Oman’s Crude Exports Grew by 6.2%

    Oman’s Crude Exports Grew by 6.2%

    Thursday, 1st September 2016
    Oman’s crude oil exports grew by 6.2% during the first seven months of 2016. However, the average price of Omani crude fell by 39.9% in the overseas markets during the same period of time, resulting in a net revenue decline by almost 48%.
  • Saudi SABIC, Exxon Seek to Build Petchem Complex in the US

    Saudi SABIC, Exxon Seek to Build Petchem Complex in the US

    Tuesday, 26th July 2016
    An US Exxon Mobil affiliate and Saudi Basic Industries Corporation announced they are considering a jointly owned petrochemical complex on the US Gulf Coast.
  • France Studying to Ban Imports of US Shale Gas

    France Studying to Ban Imports of US Shale Gas

    Wednesday, 11th May 2016
    French Energy Minister, Segolene Royal, said she is investigating legal means to ban the import of shale gas from the United States because France has banned shale gas exploration using hydraulic fracking for environmental reasons.