- 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%
AMOC
AMOC Net Profit Rises 37% in Q1 2026
Alexandria Mineral Oils Company reported a consolidated net profit of EGP 635.12 million in the first quarter (Q1) of 2026, compared to EGP 463.07 million in the same period last year, according to the company’s disclosure to the Egyptian Exchange.
US
US Waiver on Russian Oil Purchases Expires
The Trump administration allowed a sanctions waiver that had enabled countries, including India, to buy Russian seaborne crude, to lapse
Egypt
Dana Gas Egypt Records First output Growth in Nine Years
The Egyptian assets of Dana Gas, the Middle East’s largest regional private-sector natural gas company, recorded one of their strongest operational performances since 2017 during the first quarter (Q1) of 2026, with production rising 4% YoY to 13,050 barrels of oil equivalent per day (boe/d). This marks the first growth in production in nine years. In a press release, Dana Gas attributed the improvement to its ongoing investment program under the Consolidated Concession Agreement signed in December 2024. The agreement consolidated 13 development leases from El Manzala, West El Manzala and West El Qantara into a single concession, New El Manzala and aimed at stabilizing production and reviving sustainable growth across its Nile Delta assets.
NATA Center
Badawi Reviews Gas Grid Readiness for Summer Electricity Demand
Karim Badawi, Minister of Petroleum and Mineral Resources, reviewed the operational readiness and stability of the national natural gas grid to ensure it can secure the supply needed to cover the needs of power stations and the industrial sector during the summer season.
ADNOC
UAE to Double Oil Exports by 2027 With New Fujairah Pipeline Bypassing Hormuz
The UAE will accelerate construction of a new oil pipeline to the port of Fujairah, aiming to double export capacity by 2027, according to the Abu Dhabi Media Office. Crown Prince Sheikh Khaled bin Mohamed bin Zayed directed Abu Dhabi National Oil Company (ADNOC), UAE state-owned energy company, to fast-track the West-East Pipeline project, which is already under construction and expected to begin operations next year.
Egypt
Badawi Reshuffles Petroleum Leadership, Appoints New Ministry Officials
Karim Badawi, Minister of Petroleum and Mineral Resources, issued new transfers and assignments, including several ministry leaders as well as chairmen and board members of affiliated companies. This falls within the ministry’s plan to develop the administrative structure, inject fresh talent, and enhance operational efficiency across various work sites.
transfers
Badawi Names New Petroleum Leaders After Retirement of Ragaee, Bahaa
Karim Badawi, Minister of Petroleum and Mineral Resources, has issued a new round of leadership appointments and transfers within the petroleum sector.
NOC
Libya’s NOC Ends Trasta Partnership, Restores Full Control of Ras Lanuf Complex
Libya’s National Oil Corporation (NOC) has signed a final agreement with Trasta Company, officially ending their long-running partnership in the Libyan Emirates Oil Refining Company (LERCO) after more than a decade of legal and arbitration disputes, paving the way for the Ras Lanuf refinery and petrochemical complex to return to full Libyan ownership and management.
