- Crude Oil (WTI) 77.98 USD/bbl 4.15%
- Crude Oil (Brent) 82.89 USD/bbl 4.33%
- NYMEX Natural Gas 2.65 USD/MMBtu -1.49%
- OPEC Basket Price 77.34 USD/bbl -3.83%
gasoline prices
White House Set to Extend Jones Act Waiver to Ease Gasoline Prices
The White House is expected to extend a temporary waiver of the century-old Jones Act in the coming days as part of efforts to curb US gasoline prices, Reuters cited sources familiar with the matter, while President Donald Trump intensifies pressure on ExxonMobil and Chevron, accusing the oil majors of earning "enormous profits."
crude oil
Sinopec Boosts Russian Oil Purchases Amid Middle East Supply Shortfall
Multiple trade sources and vessel-tracking data show China state-owned Sinopec, the world’s largest refiner, stepping up purchases of Russian Far East crude to offset disruption in Middle Eastern supplies caused by the US-Israeli war on Iran, according to Reuters.
Oil Exports
Gulf Oil Exports Steady in July, Still 40% Below Pre-War Levels
Crude oil and condensate exports from the Gulf remained broadly stable in July 2026, at around 10.7 million barrels per day (bbl/d), although shipments were still approximately 40% below the pre- US-Iran-war levels, underscoring the continued impact of regional conflict on global energy flows, according to Reuters citing tanker tracking data from Kpler and Vortexa.
Sukari Gold Mine
Sukari Mine Hits 232,000 oz Gold Output in H1, On Track for 2026 Target
Sukari Gold Mine, jointly owned by the US-based AngloGold Ashanti and the Egyptian government, produced 232,000 ounces (oz) of gold in the first half of 2026, keeping production firmly on track to meet its full‑year target of 500,000 ounces. That target would match the record output achieved in 2025. Moreover, output of the mine, the largest in Egypt and the whole MENA region, is set to rise sharply in the second half of the year as operations move into higher‑grade ore zones, boosting volumes and reinforcing Sukari’s position as one of the region’s leading gold producers, noted a press release by AngloGold.
Natural Gas
Vaalco Energy Advances Offshore Gabon Drilling Campaign With New Gas Well
Vaalco Energy has successfully drilled, completed and placed on production the ETBNM-3 gas-supply well offshore Gabon, while advancing drilling operations at the SEENT platform, according to a company update. The ETBNM-3 well, located in the crestal portion of the North Tchibala structure, was drilled into the Dentale D-15 reservoir. Vaalco said reservoir properties exceeded pre-drill estimates, with strong porosity and permeability and more than 10 meters of net reservoir pay.
Iraq
Dana Gas, Crescent Petroleum Begin Gas Supplies to Iraq's Electricity Ministry from Khor Mor Field
Dana Gas, the Middle East's first and largest regional private sector natural gas Company, and Crescent Petroleum have commenced natural gas supplies from the Khor Mor field in Iraq's Kurdistan Region to the Iraqi Ministry of Electricity under a one-year agreement to support power generation at the Kirkuk Taza power station.
Siemens Energy
Siemens Energy Net Profit Surges 70.5% in Q3 2026
Siemens Energy, one of the world’s leading energy technology companies, generated a 70.5% rise in net profit in the third quarter (Q3) of 2026, amounting to €1,188 million, driven by growth recorded across all segments. The company recorded 18.5% Year-over-year (YoY) rise in revenue (excluding currency translation and portfolio effects) to €11.4 billion.
SLB
ADNOC, SLB Deploy AI Across 120+ Drilling Rigs
UAE's ADNOC, a leading diversified energy group, has deployed an artificial intelligence (AI)-enabled Real-Time Operations Center (RTOC) across its fleet of more than 120 onshore and offshore drilling rigs in collaboration with global technology company SLB, aiming to improve drilling efficiency, reduce operational risks, and accelerate decision-making across its upstream business.
