- Crude Oil (WTI) 102.89 USD/bbl 0.07%
- Crude Oil (Brent) 113.40 USD/bbl -2.83%
- NYMEX Natural Gas 2.90 USD/MMBtu 0.00%
- OPEC Basket Price 112.85 USD/bbl -1.64%
Western Desert
Egypt Studies Unconventional Oil Potential in Western Desert
Egypt’s Ministry of Petroleum and Mineral Resources has identified promising potential for unconventional oil production in parts of the Western Desert, following technical studies conducted by oilfield services company NESR in cooperation with a US institution and international specialists, according to a minsitry statement on October 30.
Chevron
Chevron Reports $9.9 Bn Profit in 3Q as Refining Margins Improve
Chevron reported third-quarter 2026 earnings of $9.9 Bn, up from $3.5 Bn a year earlier, as higher refining margins and crude oil realizations boosted results, according to a press release published by the company on October 30.
ExxonMobil
ExxonMobil Records $15.4 Bn Profit in Q3 2026
ExxonMobil reported third-quarter 2026 earnings of $15.4 Bn, up from $14.5 Bn in the previous quarter, supported by stronger refining margins and operational performance in its energy products business, according to the company’s financial results published on October 30.
BP
bp Posts $8.5 Bn Underlying Profit in Q3 2026
British Petroleum (bp) has reported underlying replacement cost profit of $8.5 Bn in the third quarter (Q3) of 2026, up from $5.7 Bn in the previous quarter, supported by higher refining margins and stronger gas and marketing trading performance, according to a statement by the company on October 30.
Ganope
PetroNefertiti Discovers Oil, Gas at Lorcan-6 Well in Egypt’s Eastern Desert
PetroNefertiti, a subsidiary of South Valley Egyptian Petroleum Holding Company (GANOPE), has discovered oil and gas at the Lorcan-6 exploration well in the North Geisum concession near Gebel El Zeit in Egypt’s Eastern Desert, according to a statement by the petroleum ministry on October 30.
domestic supplies
Egypt Monitors Oil, Gas Supplies Amid Geopolitical Tensions
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi has reviewed plans to secure domestic supplies of petroleum products and natural gas amid escalating regional tensions and their impact on global energy markets and supply chains, according to a ministry statement on October 29.
China
Sinopec’s Q3 Profit Jumps 57% YoY on Higher Oil Prices, Refining Margins
China Petroleum and Chemical Corporation (Sinopec) has reported a 57.2% year-on-year (YoY) increase in its net profit during the third quarter (Q3) of 2026, as stronger refining margins and higher crude oil prices offset weaker fuel demand, Reuters reported on October 29.
France
Europe to Release 42 Million Barrels From Oil Reserves Over Three Months
Europe will release 42 million barrels of oil from strategic reserves over the next three months to help ease price pressures, French Economy Minister Roland Lescure said on October 29, according to Bloomberg.
