- Crude Oil (WTI) 92.48 USD/bbl 1.16%
- Crude Oil (Brent) 102.86 USD/bbl 2.52%
- NYMEX Natural Gas 3.01 USD/MMBtu 2.73%
- OPEC Basket Price 109.19 USD/bbl -1.63%
Baker Hughes
Baker Hughes Ranks First in Energy Category of 100 Best Corporate Citizens
Baker Hughes ranked first in the energy sector and 37th overall in the 2026 100 Best Corporate Citizens ranking, highlighting its performance in sustainability, transparency, emissions reduction, and community engagement.
LNG imports
Egypt’s US LNG Imports Surge 236% YoY to Record 86 bcf in June
Egypt’s liquefied natural gas (LNG) imports from the United States (US) reached a record high of 86.05 billion cubic feet (bcf) in June 2026, surging 236 % year-on-year (YoY) as Cairo expanded spot-market purchases to meet surging domestic power demand, according to the International Energy Agency (IEA).
Saudi Aramco
Aramco Eyes New Gas Division Amid Potential Asset Listings
Saudi Aramco plans to establish a dedicated gas division as part of a broader business restructuring, while exploring a potential minority listing of the unit and other asset monetization options to raise capital.
Apache
Khalda Signs $35 Mn Agreement to Connect Razzak Oil Field to National Grid
Khalda Petroleum Company, a joint venture between Apache and the Egyptian General Peteroleum Corporation (EGPC), has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to implement a $35 million project to connect the Razzak production area in Egypt's Western Desert to the national electricity grid.
Minister of Petroleum and Mineral Resources
Chevron, MoPMR Push to Finalize Aphrodite Gas Connection Agreements
Karim Badawi, Minister of Petroleum and Mineral Resources, and Javier La Rosa, Chevron’s President of Base Assets and Emerging Countries, have discussed accelerating agreements to connect Cyprus’s Aphrodite gas field to Egyptian infrastructure, as Egypt and Chevron, the field operator, work to move the project toward implementation. Badawi stressed the need to finalize the technical, financial and commercial frameworks and related timelines. He said high-level political support for gas cooperation between Egypt and Cyprus is driving momentum to complete the project’s remaining tracks.
Saudi Arabia
Saudi Arabia Resumes Operations at the East-West Oil Pipeline
Saudi Arabia has restarted operations on its East-West oil pipeline and could resume crude exports from the Red Sea port of Yanbu later on September 22, three sources briefed on the matter told Reuters, easing pressure on global oil supplies after drone attacks forced the key export route to shut down. The pipeline was initially restarted at a low pumping rate, with Saudi Aramco expected to gradually increase flows.
MRMIA
Egypt Mining Forum 2026 to Draw Over 6,000 Participants
Over 6,000 participants from over 50 countries are expected to attend Egypt Mining Forum 2026 on September 28-29 in Cairo, as Egypt seeks to attract greater international investment into its underexplored mineral resources and raise mining’s contribution to GDP to 6%. The fifth edition of the forum, the largest since its launch, will bring together more than 500 conference delegates, 100 speakers and 100 exhibiting companies, according to a September 21 press release. ``
Oil Prices
Oil Prices Drop as Gulf Supply Concerns Ease
Oil prices fell On September 22, with Brent crude declining 1.39% to $98.68 a barrel, while US West Texas Intermediate (WTI) crude dropped 2.05% to $90.20 a barrel. Investors are closely monitoring possible talks between the United States and Iran on the sidelines of the United Nations General Assembly meetings this week.
