Friday, August 14, 2026

ExxonMobil Picks Corpus Christi for $10 Billion Ethylene Plant

Low priced, abundant shale gas supply has created downstream manufacturing renaissance: Woods ExxonMobil and Saudi Arabian chemical company SABIC today announced the selection of a site in San Patricio County, Texas for their proposed petrochemical plant joint venture. First announced in July 2016, this complex is a joint venture between ExxonMobil Chemical and Saudi Arabia Basic Industries Corporation, SABIC, Saudi

oil-barrels-and-markets-482px Oil Prices Drop - Oil & Gas 360

OPEC Sets a Date to Determine if Cuts will be Extended or Die

OPEC to make decision on cuts as part of regular meeting The Organization of Petroleum Exporting Countries will hold meetings with its non-OPEC counterparts to decide the future of production cuts on the same day as the group’s scheduled semi-annual meeting on May 25, according to multiple sources. The group’s decision to pull back on production helped to bolster oil