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In late 2017. the kingdom announced plans to build the US$500 billion NEOM mega city in the northern Red Sea.

US crude oil imports averaged 7.1 million b d. down from the previous week.

The new measures have the potential to affect the pattern of petroleum shipping in the Caribbean and beyond.

The discovery in Glengorm follows Total Energy’s success at the Glendronach field in the North Sea.

Some energy industry officials are pressuring the Trump administration to hold off.

The US became a net exporter of natural gas on an annual basis in 2017.

U.S. officials are considering a range of potential measures. including restricting U.S. imports of Venezuelan oil or even a full ban.

Saudi Arabia has used the forum in recent years to pitch for foreign investment.

Kogas is now expanding its business in the global market and is participating in 13 exploration and production projects.

Total also planning to expand its Nigerian LNG project this year.