- Crude Oil (WTI) 79.58 USD/bbl 0.59%
- Crude Oil (Brent) 84.81 USD/bbl 0.09%
- NYMEX Natural Gas 2.92 USD/MMBtu 0.69%
- OPEC Basket Price 86.16 USD/bbl 10.42%
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Iraq PM Presses for Fair OPEC Share Amid Washington Investment Push
Iraq’s Prime Minister Ali al‑Zaidi said on Tuesday that the country must secure a fair share within the Organization of the Petroleum Exporting Countries (OPEC), responding to reporters who asked whether Baghdad was weighing an exit from the oil producers’ group.
IEA
IEA Raises Concerns Over EU Methane Rules’ Impact on Oil Imports
The International Energy Agency warns that the EU’s upcoming methane emissions rules could significantly narrow the bloc’s crude oil supply options, potentially increasing refining costs and prompting calls from several member states to delay implementation.
Egypt Energy Security
EGPC CEO Reviews Agroud Crude Oil Storage Upgrades
Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), inspected development at the Agroud storage facility.
renewable energy
Egypt Secures $66 Mn Funding for First Phase of Dandara Solar Plant
Egypt has secured a financial package of up to $66 million from the African Development Bank Group (AfDB) for implementing the first phase of the 500-megawatt (MW) Dandara solar power project in Nagaa Hammadi , according to the bank’s statement. The bank's board revealed approval for the package on July 13 in which is dedicated to support the design, construction, operation, and maintenance of a photovoltaic power plant with an integrated a 100 megawatt-hour (MWh) battery energy storage system.
Cars Conversion
BMW to Fuel Corporate Fleet with Eni's HVO Biofuel
Italian Energy giant Eni and BMW Group have signed an agreement to fuel BMW corporate fleet vehicles in Italy with Enilive's HVOlution, a hydrotreated vegetable oil (HVO) biofuel produced entirely from renewable feedstocks, as the two companies deepen their collaboration on lower-carbon mobility solutions.
Sprng Energy
Shell Divests Indian Renewables Arm Sprng Energy to ABRen
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc, has signed an agreement with Aditya Birla Renewables Limited (ABRen) to divest its entire stake in Solenergi Power Private Limited, including the Sprng Energy group of companies, in a transaction valued at $1.8 billion.
Monthly report
OPEC Cuts 2026 Global Oil Demand Growth Forecast for Third Straight Month
The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in 2026 to 780,000 barrels per day (bbl/d), marking the third consecutive downward revision, according to OPEC's monthly oil market report.
SAF
Civil Aviation Ministry launches SAF Roadmap Workshop
Sameh Elhefny, Minister of Civil Aviation, inaugurated a workshop to draft a feasibility study for the domestic production and utilization of Sustainable Aviation Fuel (SAF), a cleaner alternative to jet fuel made from renewable or waste-based sources. The two-day event was organized in cooperation with the International Civil Aviation Organization (ICAO) under the ACT-SAF program, with support from the European Union (EU), according to the cabinet..
