US | Egypt Oil & Gas

Trump Urges US Oil Companies to Cut Fuel Prices

US President Donald Trump renewed his call for oil companies to lower gasoline prices for American consumers, while criticizing Chevron CEO Mike Wirth for failing to acknowledge his administration's support for th ...

US Receives First Iraqi Fuel Oil Cargoes via Syria

Iraq has begun exporting fuel oil to the US via Syria's Baniyas port for the first time, reflecting a shift in regional trade flows as the country expands alternative export routes amid ongoing disruptions to Gulf ...

US Crude Reserves Hit Lowest Level Since 1983

US crude oil inventories in the Strategic Petroleum Reserve fell by 5.1 million barrels last week to their lowest level since 1983, extending drawdowns under the government’s planned release program.

Revised US, Russia Sanctions Bill Sparks Tariff Concerns

US senators have released a sanctions bill targeting Russia, lowering the proposed tariff to 100% from 500% in the previous version in an effort to secure broader congressional support, Reuters reported.

Ho ...

US Reimposes Iran Oil Sanctions After Tanker Attacks

The United States reimposed sanctions on Iranian oil on July 7th, with a US official warning that Tehran’s attacks on vessels transiting the Strait of Hormuz were wholly unacceptable and would draw consequences.

XRG deepens US LNG Footprint with Rio Grande Stake

XRG, the investment arm of Abu Dhabi National Oil Company (ADNOC), has acquired an additional stake in Trains 4 and 5 at the Rio Grande liquified natural gas (LNG) terminal in Brownsville, Texas, deepening its exp ...

Trump Issues Oil Firms Investigation into Pump Price Gouging

US President Donald Trump has instructed the Department of Justice (DOJ) to investigate oil companies for failing to lower gasoline prices in line with falling crude costs, accusing the companies of "gouging" cust ...

Oil Markets Reassess Gulf Supply Losses Amid Hormuz Disruptions

Oil markets continue to reassess the impact of the conflict with Iran following Tehran's declaration that the Strait of Hormuz was "closed," even as evidence suggests Gulf crude oil exports have sustained momentum ...

Badawi, KPC’s Al‑Sabah Explore Boosting Kuwaiti Investment in Egypt’s Oil, Gas

Badawi met with Sheikh Nawaf Saud Al-Sabah, Deputy Chairman and CEO of Kuwait Petroleum Corporation (KPC), on the sidelines of his visit to the United States.

Egypt’s US LNG Imports Halve in May

Egypt's liquefied natural gas (LNG) imports from the US declined to approximately 300,000 metric tons (mt) in May, nearly half its typical monthly intake of around 600,000 mt, Reuters reported, citing maintenance ...

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