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Thursday, November 20, 2025

November 7, 2016

Teekay

Egypt Forced to go to the Oil Spot Market as Arab World Tensions Increase

November 7, 2016

Saudi Aramco indefinitely halts shipments of oil products to Egypt Saudi Arabia’s state-owned oil giant Saudi Aramco has stopped the flow of oil products to Egypt as tensions between the two and the wider Arab world continue to worsen. Egyptian officials confirmed Aramco notified the oil ministry that it would no longer continue shipments of oil products expected under a

U.S. Crude Production in 2015 Topped 1972 Records

November 7, 2016

According to EIA’s recently released Petroleum Supply Annual, U.S. field production of crude oil increased in 2015 for the seventh consecutive year, reaching 9.42 million barrels per day in April of that year. This was the highest crude oil production level since 1972. 2015 production gains were highest in Texas, the Gulf of Mexico, and North Dakota, with these three regions

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