- Crude Oil (WTI) 91.56 USD/bbl 0.37%
- Crude Oil (Brent) 96.28 USD/bbl 0.00%
- NYMEX Natural Gas 2.95 USD/MMBtu -1.01%
- OPEC Basket Price 98.50 USD/bbl 0.21%
Talc
MRMIA Sets September 8–11 Closing Dates for New Mineral Exploration Bids
The Mineral Resources and Mining Industries Authority (MRMIA) has announced September 8–11, 2026 as the closing dates for bidding on 21 exploration blocks including gold, phosphate, kaolin, and talc.
Shortage
Fuel Oil Supply Faces Q3 Shortfall Amid Refinery Disruptions
Fuel oil supply is expected to tighten in the third quarter as refinery disruptions, geopolitical conflicts, and shipping constraints disrupt global refined product markets, with Asia facing the greatest impact.
OPEC
OPEC+ Keeps October Oil Output Policy Unchanged as Iran War Limits Supply
OPEC+ kept its oil production policy unchanged for October as disruptions from the Iran war continue to restrict crude exports through the Strait of Hormuz and limit the group’s ability to influence physical supply.
Cooperation petroleum company
Badawi Directs CPC to Develop Five-Year Expansion Plan as Bunkering Volumes Surge 610%
Karim Badawi, Minister of Petroleum and Mineral Resources, directed Cooperation Petroleum Company (CPC) to prepare a five-year plan to expand its products and services into neighboring markets after the company reported strong growth in FY 2025/26.
Vaalco Energy
Vaalco Appoints Anwar Husen to Lead Egypt JV with EGPC, Petrobakr
US Vaalco Energy has appointed Anwar Husen as the General Manager and Managing Director of Vaalco's Joint Venture company with the Egyptian General Petroleum Corporation ((EGPC) and Petrobakr Petroleum Company, according to Vaalco's statement on LinkedIn.Â
El Hamra Oil Company
El Hamra Oil Produces 4,600 bbd/d in FY 2025/26
El Hamra Oil Company reported an average oil production rate of 4,600 barrels per day (bbl/d) during the 2025/2026 fiscal year (FY), according to the company’s results presented during its General Assembly meeting. The company began its exploration drilling campaign in July 2026 with the Zain-1X Sidetrack appraisal well. The company plans to proceed with drilling the next appraisal well, NE Yidma#01X Sidetrack, in September 2026.
production
BORAPETCO Surpasses FY 2025/26 Production Target by 4%
Borg El Arab Petroleum (BORAPETCO)exceeded its FY 2025/26 production target by 4%, reaching 4,322 boe/d, supported by drilling, facility upgrades, and operational efficiency initiatives.
Egypt
GPC Posts Record 12 Oil Discoveries in FY2025/26, Plans Horizontal Drilling
The General Petroleum Company (GPC)  made 12 Oil discoveries during fiscal year (FY) 2025/26, its highest annual discovery rate on record, Chairman Mohamed Abdel Meguid said during the company's general assembly meeting to approve the company’s FY 2025/26 results, attended by Karim Badawi, Minister of Petroleum and Mineral Resources, and senior officials from the ministry, the Egyptian General Petroleum Corporation (EGPC), and other sector entities. As Egypt's very first national oil and gas company, the state-owned GPC has been a driving force in the country's energy sector since its establishment in 1957. Focused on exploration, development, and production, GPC maintains an active operational footprint across key Egyptian territories, such as Sinai, the Gulf of Suez, and both the Eastern and Western Deserts. it has an average output of around 77,000 barrels of oil equivalent per day (boe/d),
