united states | Egypt Oil & Gas

OPEC+ Decisions Could Curb Oil Supply by 20%

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 Gets Nod for ExxonMobil Petrochemical Project

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 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 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 Spikes as Trump Exits Iran Deal

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 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

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 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 ...

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

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

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 environ ...

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