- Crude Oil (WTI) 87.94 USD/bbl -8.74%
- Crude Oil (Brent) 95.16 USD/bbl -8.47%
- NYMEX Natural Gas 2.95 USD/MMBtu 1.72%
- OPEC Basket Price 99.89 USD/bbl -3.52%
AlexFert
Valmore Holding Confirms AlexFert Operations Continue Amid Gas Supply Cuts
Valmore Holding has reported that its subsidiary, Alexandria Fertilizers Company (AlexFert), continues its operational and production activities using the currently available natural gas supply quantities, the company said in a disclosure to the Egyptian Exchange (EGX).
hydraulic fracturing
Egypt Advances Adoption of Hydraulic Fracturing, Horizontal Drilling Tech
Egypt is expanding the application of hydraulic fracturing and horizontal drilling technologies, as they are among the key technological pillars of the petroleum sector’s five-year plan, said Karim Badawi, Minister of Petroleum and Mineral Resources, according to a ministry statement on November 4.
LNG
IEA: Global LNG Supply to Fall 3% YoY in 2026 on Plummeted Middle East Supplies
Global liquefied natural gas (LNG) supply is forecast to fall by almost 20 billion cubic metres (bcm), or 3% year-on-year (YoY), in 2026, marking the steepest annual decline on record as disruptions to shipments through the Strait of Hormuz tighten markets, according to the International Energy Agency’s (IEA) Global Gas Security Review 2026, published on November 3.
Bureau Veritas
Enppi, Bureau Veritas Team Up on Engineering, Emissions reduction
Egypt's Engineering for the Petroleum and Process Industries (Enppi) has signed a memorandum of understanding (MoU)Â Bureau Veritas, a global leader in inspection, testing, and certification services, to expand cooperation in engineering services, asset integrity management, digital transformation, and emissions reduction in Egypt and international markets. The agreement, signed on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026), establishes a framework for collaboration in inspection, environmental services, and technical assessments for energy assets.
production
Venezuela's Oil Exports Hold Steady at 1.08 mmbbl/d in October
Venezuela's oil exports remained largely unchanged at 1.08 million barrels per day (mmbbl/d) in October, as stagnant crude production and rising shipping costs continued to weigh on demand for the country's oil, according to shipping data seen by Reuters.
Natural Gas
ADNOC Gas Signs Five-Year LNG Supply Agreement with TotalEnergies
ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has signed a five-year liquefied natural gas (LNG) supply agreement with French energy major TotalEnergies, under which it will supply up to 1.6 million tons of LNG. The first deliveries are expected to begin in 2026.
natural gas supply
Abu Qir Fertilizers Adjusts Operations Following Natural Gas Supply Cut
Abu Qir Fertilizers and Chemical Industries Company has reduced its intake of natural gas, effective November 1, 2026. It has reorganized its production operations to optimize the use of available gas while maintaining ongoing production, according to a disclosure to the Egyptian Exchange (EGX). The company did not disclose the exact rate of the reduction but said it received a notification to reduce its gas supply and implemented the directive. Both Egyptian Chemical Industries (KIMA) and Misr Fertilizers Production Company (MOPCO) have reported 20% reductions in natural gas supplies received by their plants.
QatarEnergy
India’s Petronet Seeks US LNG Under Renewed Qatar Supply Deal
India’s Petronet LNG is in talks with Qatar to source some liquefied natural gas (LNG) from the US under a renewed long-term supply agreement starting in 2028, as New Delhi seeks to diversify imports following disruptions caused by the Iran war, Reuters reported on November 3.
