- Crude Oil (WTI) 72.07 USD/bbl +1.27%
- Crude Oil (Brent) 76.00 USD/bbl +1.40%
- NYMEX Natural Gas 2.32 USD/MMBtu +6.14%
- OPEC Basket Price 76.06 USD/bbl -0.41%
Ministerial Panel
Badawi Outlines Egypt’s Strategy for Mining Value Creation at OECD Forum
Minister of Petroleum and Mineral Resources, Karim Badawi, represented Egypt and delivered a keynote address at the opening of the Organization for Economic Co-operation and Development (OECD) Critical Minerals Forum in Istanbul, Türkiye. Badawi took part in the high-level ministerial panel discussion held during the opening session, alongside Bandar Alkhorayef, Saudi Arabia’s Minister of Industry and Mineral Resources; Mike Kopp, Senior Advisor to the US Secretary of Energy; Rohitesh Dhawan, President and CEO of the International Council on Mining and Metals (ICMM); and the Philippine Undersecretary of Industry.
Egypt
Egypt, Türkiye Talk Mining Cooperation
Egypt and Türkiye are set to strengthen mining sector cooperation. Karim Badawi, Minister of Petroleum and Mineral Resources, met with Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources, to discuss mining opportunities in the mining and energy sectors between the two countries, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). This meeting is building on previous engagements between officials from Egyptian Mineral Resources and Mining Industries Authority (MRMIA) and Türkiye’s OZ Minerals Company, as well as the memorandum of understanding (MoU) signed between the two countries in May 2025.
oil pipeline
Kuwait Pushes Back Pipeline Bid Deadline Amid War Conflict
Kuwait Petroleum company (KPC), a state- owned oil company, has extended the deadline for preliminary bids on its crude oil pipeline network to April 28, citing disruptions from the US–Israeli war on Iran, according to Reuters. The deadline was originally set for April 7 but was pushed back after investors said they needed more time due to the fast-evolving conflict.
Egypt
SPE Egypt Launches Workshop on Energy Innovation
A high-level workshop organized by the Society of Petroleum Engineers (SPE)has kicked off on April 28, focusing on innovative strategies to maximize Egypt’s petroleum and gas reserves. The workshop is part of the SPE Egypt's Golden Jubilee celebrations and was attended by Jennifer Miskimins, SPE President, and Said Abd El Moniem, SPE Egypt Chairperson. The first day’s activities included a panel discussion that addressed the evolution of Egypt’s energy landscape and the potential of achieving sustainable growth in production and reserves. It also highlighted strengthening of Egypt’s position as a regional energy hub by fostering a stable and attractive investment environment, balancing economic growth with sustainability goals, and the dynamic pillars of the Ministry of Petroleum and Mineral Resources’ strategy that support these objectives.
UAE
ADNOC LNG Tanker Makes First Hormuz Crossing Since Conflict
A liquefied natural gas (LNG) tanker managed by the UAE’s ADNOC Logistics & Services has crossed the Strait of Hormuz and is now positioned off India’s west coast, according to Reuters. If verified, this would mark the first loaded LNG tanker transit through the strait since the Iran war began on February 28.
Egypt
Fajr Cuts Electricity Costs at Headqurters by 65%
The Egyptian Fajr Natural Gas Company reduced electricity consumption at its headquarters by 67%, recording annual savings of EGP 900,000, an achievement hailed by Karim Badawi, Minister of Petroleum and Mineral Resources, during the company's general assembly meeting. Fajr Chairman, Ehab Kamal, reported that 2025 represented a strategic turning point as the company transitioned from planning to execution. The company recorded its first operating revenues from integrated service stations through the "El Banafseg" station in New Cairo, which provides natural gas fueling and electric vehicle (EV) charging services.
Baker Hughes
SLB and Baker Hughes Anticipate Production Capacity Expansion to Mitigate Energy Crisis
Leading oilfield services providers SLB and Baker Hughes expect a rise in global spending on oil exploration and production, as supply disruptions linked to the Middle East conflict underscore the need for greater investment, particularly in North America, according to Reuters.
The Minister of Petroleum and Mineral Resources Karim Badawi
Madbouly and Badawi Outline Strategy for Summer Energy Security
Prime Minister Mostafa Madbouly met with Karim Badawi, Minister of Petroleum and Mineral Resources, to follow up on a number of work files, including efforts to secure the local market’s needs for natural gas and petroleum products.
