Tuesday, August 5, 2025
Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia- oil and gas 360

Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia

Reuters NEW YORK/SINGAPORE – Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil producing countries. The price gains in crude oil benchmarks were

Exxon Mobil secures large exploration position offshore Egypt- oil and gas 3620

Exxon Mobil secures large exploration position offshore Egypt

Houston Chronicle Exxon Mobil said Monday it secured a large exploration position offshore of Egypt as the United States’ largest energy player expands its role in developing oil and gas resources in the Eastern Mediterranean. Exxon Mobil, which made a large natural gas discovery offshore of Cyprus 10 months ago, now plans to grow nearby in Egypt’s territorial waters. Exxon also