- Crude Oil (WTI) 91.97 USD/bbl 0.63%
- Crude Oil (Brent) 101.19 USD/bbl -2.50%
- NYMEX Natural Gas 2.96 USD/MMBtu -1.66%
- OPEC Basket Price 107.30 USD/bbl -2.04%
US
Trump: Diesel Export Ban Talks Continue “Every Day”
US President Donald Trump said on Wednesday that his administration is still considering a ban on US diesel exports as it seeks to curb rising fuel prices, Reuters reported. Speaking at the White House, Trump said discussions over a potential export ban were taking place “every day.” He said the measure could reduce diesel prices in the US but would likely put upward pressure on gasoline prices.
South Korea
South Korea Plans $350 Bn Push Into US Energy Sector
South Korea has outlined plans for major US gas, nuclear, and LNG projects under a $350 billion investment package aimed at strengthening energy ties and securing exemptions from US import tariffs.
AI
AIQ Expands into Indian Oil and Gas Market with New Technology Deal
UAE-based energy technology company AIQ, a joint venture between Abu Dhabi National Oil Company (ADNOC) and Presight, has signed an agreement to enter India’s oil and gas sector, marking another step in the ADNOC-backed company’s expansion of artificial intelligence (AI) solutions beyond its home market.
MRMIA, OZ Mining Review Gold Exploration in Egypt’s Eastern Desert
Mineral Resources and Mining Industries Authority Chairman Yasser Ramadan met Turkish company OZ Mining to review gold exploration cooperation in Egypt’s Eastern Desert and assess the potential for further work.
EBRD and World Bank
MRMIA Chairman Meets EBRD, World Bank to Build Mining Capacity
Mineral Resources and Mining Industries Authority Chairman Yasser Ramadan met representatives of the EBRD and World Bank to strengthen cooperation, secure support and build Egypt’s mining capabilities.
In2Metals
MRMIA, Sawiris Explore Fresh Gold Investment in Egypt
Egypt’s Mineral Resources and Mining Industries Authority Chairman Yasser Ramadan met In2Metals Chairman Naguib Sawiris to discuss expanding gold exploration and attracting fresh investment to Egypt’s Eastern Desert.
Egypt
Egypt Adds 45 mmcf/d of Gas from Four Wells
Egypt’s petroleum sector has added 45 million cubic feet per day (mmcf/d) of natural gas and 540 barrels per day (bbl/d) of condensates from four wells in the Western Desert, Gulf of Suez, and onshore Nile Delta, the Ministry of Petroleum and Mineral Resources said. The additions comprise three new wells brought onstream and one previously shut-in well returned to production following repair work.
Misr El Kheir Foundation
TotalEnergies ADNOC Marketing, Misr El Kheir Launch Disability Rehabilitation Project
TotalEnergies ADNOC Marketing, a joint venture (JV) between TotalEnergies and ADNOC Distribution, in partnership with Misr El Kheir Foundation, has launched an integrated rehabilitation project for people with disabilities in Sharqia Governorate. The project includes specialized units providing rehabilitation and support services for children, aiming to provide sustainable support to beneficiaries, their families, and the surrounding community.
