- Crude Oil (WTI) 99.99 USD/bbl 0.00%
- Crude Oil (Brent) 104.32 USD/bbl 0.00%
- NYMEX Natural Gas 2.83 USD/MMBtu 0.00%
- OPEC Basket Price 114.89 USD/bbl 2.35%
US
QatarEnergy Explores US LNG Deals to Offset Production Losses
QatarEnergy is negotiating long-term LNG supply agreements with US producers to offset production losses at its Ras Laffan facilities, with potential deals covering up to 3 million tons annually through 2031.
Egyptian Petrochemicals Holding Company (ECHEM
MoPMR, Kenya Discuss Green Manufacturing, Biofuel Cooperation
Egypt’s Ministry of Petroleum and Mineral Resources (MoPMR) discussed cooperation with Kenya to exchange expertise in green manufacturing, biofuels, energy efficiency and emissions reduction, as both sides seek closer coordination on energy and climate projects.
East-West oil pipeline
Saudi Arabia Shuts East-West Oil Pipeline After Drone Attack
Saudi Arabia has temporarily shut its East-West oil pipeline after a drone attack, cutting a key route the kingdom has used to bypass shipping disruptions through the Strait of Hormuz, according to Reuters.
International Energy Agency
Saudi Oil Supply Falls to Three-Decade Low of 6 mmbbl/d
Saudi Arabia’s crude oil supply fell by 2.3 million barrels per day (mmbbl/d) to 6 mmbbl/d in August, its lowest level in more than three decades, as attacks disrupted energy facilities and regional shipping routes, the International Energy Agency (IEA) reported to Reuters.
International Energy Agency
IEA Sees 2026 Oil Supply Falling 5.7 mmbbl/d as Gulf Disruptions Persist
The International Energy Agency (IEA) expects global oil supply to fall by 5.7 million barrels per day (mmbbl/d) in 2026 as continued Middle East disruptions delay the return of normal Gulf oil flows into 2027, according to Reuters.
Greece
El-Sisi: Energy Leads Egypt, Cyprus, Greece Ties
"The energy sector remains at the forefront of cooperation between Egypt, Cyprus, and Greece", President Abdel Fattah El-Sisi said in a joint press conference following the trilateral cooperation summit with Nikos Christodoulides, the Cypriot President, and Kyriakos Mitsotakis, Greek Prime Minister, in New Alamein. The president’s remarks cap years of trilateral cooperation, positioning energy as both a tool of regional diplomacy and a driver of economic integration. From pipelines and LNG terminals to electricity interconnectors, the sector anchors the partnership while reinforcing Egypt’s role as a Mediterranean hub.
IPO
Dangote Refinery IPO Approved by Nigeria’s SEC
Nigeria’s SEC has approved the IPO of Dangote Refinery, which could raise $1.63 billion and support plans to double the facility’s capacity to 1.4 million barrels per day (mmbbl/d).
refinery
Aster Shifts Crude Buying to Americas, Africa Amid ME Disruptions
Singapore-based Aster Chemicals and Energy has shifted part of its crude procurement toward the Americas and Africa after disruptions to Middle Eastern oil supplies caused by the ongoing Iran war. The refiner previously sourced about 70% of its crude from the Middle East, but has now turned to suppliers in West Africa, Latin America, the US, and Canada, according to Han Lih Kwong, senior general manager at Aster, who spoke at the APPEC conference.
