- 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%
US
Trump Issues Oil Firms Investigation into Pump Price Gouging
US President Donald Trump has instructed the Department of Justice (DOJ) to investigate oil companies for failing to lower gasoline prices in line with falling crude costs, accusing the companies of "gouging" customers, Reuters reported.
mining sector
Executive Committee of Egypt Mining Forum 2026 Holds First Meeting
Karim Badawi, Minister of Petroleum and Mineral Resources, chaired the first meeting of the Executive Committee of the Egypt Mining Forum (EMF) 2026, scheduled to take place on 28–29 September 2026 in the New Capital. The meeting brought together representatives from leading Egyptian and international mining companies alongside the forum organizers to review preparations for the event.
Arrears settlement
Egypt’s Petroleum Sector Records First Growth Since Q1 FY2023/24
The petroleum sector recorded 0.7% growth in the third quarter (Q3) of fiscal year (FY) 2025/2026, marking its first positive growth rate since the first quarter of FY2023/2024, said Ahmed Rostom, Minister of Planning and Economic Development, While reviewing the country's economic performance indicators. Rostom noted during the Cabinet's weekly meeting the improvement was driven by higher domestic production of crude oil, condensates, and liquefied petroleum gas (LPG), signaling a recovery in one of the country’s most strategic economic sectors.
Egypt
China’s SANY to Establish Egypt’s First Wind Turbine Manufacturing Plant
China’s SANY Group, a leading global wind turbine manufacturer, signed a Memorandum of Understanding (MoU) with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to establish Egypt’s first wind turbine manufacturing plant and develop a wind power project in the North Gulf of Suez. The MoU provides for the construction of a factory within the Suez Canal Economic Zone to produce turbines and components for domestic wind projects, while exporting surplus output to regional markets. It also covers the development of a 2,000‑MW wind farm, to be implemented in local currency, in line with Egypt’s national energy strategy.
ANOH gas processing plant
Baker Hughes Wins Lifecycle Services Contract for ANOH Gas Plant in Nigeria
Baker Hughes has secured a contract from ANOH Gas Processing Company to deliver comprehensive lifecycle services for turbomachinery equipment at the ANOH Gas Processing Plant in Nigeria.
LNG
Qatar PM Advices US‑Iran Hotline to Secure Hormuz Reopening
Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman al‑Thani stressed that establishing a direct hotline between the US and Iran is vital to prevent rogue actors from obstructing efforts to reopen the Strait of Hormuz, adding that the Gulf state expects to restore normal liquefied natural gas (LNG) output “within a few weeks”.
Natural Gas Consumption
Egypt’s Industry Ministry Explores Green Transition with IRSC
Khaled Hashem, Minister of Industry, held a meeting with Andrew Daniel, Chairman of IRSC Renewable Energy Solutions, to explore opportunities for cooperation to support the industrial sector’s green transition and enhance the competitiveness of Egyptian industry. The discussions reviewed the company’s activities and experience in developing and implementing solar energy projects for the industrial sector since 2011, with total capacities of projects executed and under execution reaching about 170 megawatts. The company relies on specialized Egyptian engineering expertise, reflecting its ability to provide practical and reliable solutions for factories and production facilities.
production
Dana Gas Egyptian Output Increases by 30,000 boe/d
Dana Gas, the Middle East’s largest regional private sector natural gas company, revealed its drilling results across its Nile Delta concessions, with several wells successfully completed and tied into existing infrastructure. The new wells added reserves and boosted production, enabling Egypt operations to contribute more than 30,000 barrels of oil equivalent per day (boe/d) to the company’s overall output.
