- Crude Oil (WTI) 72.07 USD/bbl +1.27%
- Crude Oil (Brent) 76.00 USD/bbl +1.40%
- NYMEX Natural Gas 2.32 USD/MMBtu +6.14%
- OPEC Basket Price 76.06 USD/bbl -0.41%
KPC
KPC Returns to Spot Market Amid Iran War Disruptions
Kuwait Petroleum Corp (KPC) has offered prompt-loading fuel products on the spot market for the first time since the outbreak of the Iran war, four sources familiar with the matter revealed, according to Reuters. Separately, KPC was offering 4 million barrels of crude through a tender, with the cargo sourced outside the Persian Gulf and directed to buyers in Asia, according to a fifth source with direct knowledge of the matter.
XRG
ADNOC Eyes Canada Upstream and LNG for Global Growth
Abu Dhabi National Oil Company (ADNOC) is exploring potential investments in Canada’s upstream and liquefied natural gas (LNG) sectors through its international investment arm, XRG, a senior executive revealed during the Global Energy Show in Calgary.
Egypt
Egypt Zeroes out IOC Arrears
Today, June 10, Egypt fully settled its arrears to foreign oil and gas partners, a milestone aimed at restoring investor confidence, stimulating new investment, and accelerating exploration and research activity, Karim Badawi, Minister of Petroleum and Mineral Resources, announced in a recorded statement.
sustainability
UEE’s Green Transition II Delivers Social, Environmental Gains
United Energy Egypt (UEE) has successfully implemented the second phase of its Green Transition (TGT II) project, delivering measurable social, environmental, and economic impact across Borg El Arab and Wadi El Natrun in partnership with the environmental and green consultancy firm You Think Green (YTG), according to a press release by UEE. The project aims to accelerate sustainable practices across education, agriculture, and industry by equipping local communities with the knowledge, technologies, and resources needed for lasting transformation.
Atlantic Council Global Energy Forum
Badawi Pushes Regional Energy Ties in Washington
Representing Egypt, Karim Badawi, Minister of Petroleum and Mineral Resources, took part in the 10th Global Energy Forum in Washington, D.C., hosted by the Atlantic Council, with the participation of high-level government officials, global energy executives, and investors. During the event, Badawi participated in a special fireside chat themed "Energy, Diplomacy, and Regional Stability in the Middle East".
carbon
Airlines Warn EU Carbon Plan will Raise Fares
Europe’s largest airlines have urged the European Union (EU) not to expand its Emissions Trading System to include international flights, warning in a letter seen by Reuters that such a move would drive up ticket prices.
Eni
Eni, PETRONAS Launch Searah JV with Over 300,000 boe/d Initial Production
Eni and PETRONAS have officially established Searah, a new 50/50 independent joint venture (JV) combining selected upstream assets in Indonesia and Malaysia, following the completion of all regulatory approvals and closing conditions.
Egypt
Badawi Appoints Mervat Abou El‑Maaty Mining Marketing General Manager at MRMIA
Karim Badawi, Minister of Petroleum and Mineral Resources, issued a decision appointing Mervat Abou El‑Maaty as General Manager of the General Department for Mining Marketing and Promotion at the Egyptian Mineral Resources and Mining Industries Authority (MRMIA). This comes as part of maximizing the role of young talents in achieving the objectives of developing Egypt’s mining sector.
