united states | Egypt Oil & Gas
Trump Waives Russia Oil Sanctions, Tariffs Ahead of Enforcement
US President Donald Trump waived key sanctions and tariffs targeting Russia’s oil trade on October 16, suspending measures that could have imposed duties of up to 100% on imports from major buyers of Russian crude oil...
OPEC+ Decisions Could Curb Oil Supply by 20%
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced on April 12 a record oil deal that will cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through...
SABIC Gets Nod for ExxonMobil Petrochemical Project
Saudi Basic Industries Corporation (SABIC) has obtained the needed regulatory approvals, including environmental permits, to establish a petrochemical joint venture (JV) project with ExxonMobil in the US Gulf Coast. S...
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, Reuters reported. Brent crude futures reached $76.61 per barrel at 08:00 GMT, 30 cents higher...
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 slowdown i... 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 the Islamic Republic, Re...
Saudi Aramco Signs Agreements Worth $10 B with US Companies
Saudi Aramco signed preliminary cooperation agreements worth $10 billion with several leading oil services companies during Crown Prince Mohammed bin Salman’s visit to the US on March 27, The National reported. ...
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, CNN Money reported. This is the lowest annual amount of crude imported by the US since 1...
