Egypt and Israel make rare united stand against oil-rich Libya’s maritime deal with Turkey over Mediterranean oil and gas exploration rights
Published . Updated .
Egypt and Israel have rejected Libyas ratification of a controversial maritime agreement with Turkey, intensifying a dispute over potentially lucrative offshore oil and natural gas resources in the eastern Mediterranean
Directly affected
- No company is named in this report.
Indirectly affected
- XOM Exxon Mobil+7.9%
Oil producers earn more when crude prices rise
- CVX Chevron+6.6%
Oil producers earn more when crude prices rise
- OXY Occidental Petroleum+1.5%
Oil producers earn more when crude prices rise
- COP ConocoPhillips+7.3%
Oil producers earn more when crude prices rise
- VLO Valero+14.1%
Refiners' profits move with crude and fuel prices
- MPC Marathon Petroleum+10.2%
Refiners' profits move with crude and fuel prices
- XOP SPDR S&P Oil & Gas Exploration+2.9%
A fund of oil and gas producers
- XLE Energy Select Sector SPDR+4.9%
A fund of energy companies
- USO United States Oil Fund+0.9%
This fund moves with oil prices
- OIH VanEck Oil Services-2.0%
Oilfield services rise when drilling follows oil prices
Price reaction, T-5 to T+3
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Egypt and Israel make rare united stand against oil-rich Libya’s maritime deal with Turkey over Mediterranean oil and gas exploration rights Business Insider Africa
Source: Business Insider Africa
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 52 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 83 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 29 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 50 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Chevron (CVX), worth $15,001 - $50,000 on 31 Jul 2026. That is 83 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 57 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 59 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 69 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 30 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 24 Jul 2026. That is 90 days before publication. Filed 6 Aug 2026. View the filing.
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How busy Eastern Mediterranean has been lately
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How solid the energy case looks
12 out of 100
“Egypt and Israel make rare united stand against oil-rich Libya’s maritime deal with Turkey over Mediterranean oil and gas exploration rights” scores 12 out of 100. The score uses 1 sources.