ADNOC Secures Iraqi Crude at Steep Discounts
Abu Dhabi National Oil Company (ADNOC) has agreed to buy up to 72 million barrels (mmbbl/s) of Iraqi crude for August and September at steep discounts, Reuters reported, citing Iraqi sources.
crude oil | Egypt Oil & Gas
Shell Ends Schwedt Refinery Stake Sale Talks with Poland’s Unimot
British oil major Shell has ended negotiations to sell its 37.5% stake in Germany’s PCK Schwedt refinery to Polish energy company Unimot, Reuters reported, citing Bloomberg News.
SOPC Refines1.4 mt of Crude in FY 2025/2026
Suez Oil Processing Company (SOPC) refined nearly 1.4 million tons (mt) of crude to provide mazut, asphalt, Liquefied Petroleum Gas (LPG), diesel, and gasoline, said Chairman Mohamed Shehata El-Baz during the gene ...
Cabinet Approves Egyptian-Emirati Oil and Gas Free Zone in New Alamein
The Cabinet has approved the establishment of a special free zone for Fujairah Alamein Oil and Gas Company in New Alamein City, Matrouh Governorate, under Cabinet Decree No. 65 of 2026. The new free zone, covers a ...
Saudi Crude Exports Go Dark as Houthi Threat Rises
Saudi Arabia’s crude oil exports from the Red Sea are increasingly being conducted without visible vessel-tracking signals as tankers seek to avoid attacks by Yemen’s Iran-aligned Houthis, creating significant unc ...
Sinopec Boosts Russian Oil Purchases Amid Middle East Supply Shortfall
Multiple trade sources and vessel-tracking data show China state-owned Sinopec, the world’s largest refiner, stepping up purchases of Russian Far East crude to offset disruption in Middle Eastern supplies caused b ...
Iraq, Türkiye sign one-year pipeline agreement to secure crude exports
Iraq and Türkiye have signed a one-year agreement to maintain operations of the Iraq-Türkiye crude oil pipeline, ensuring the continued flow of Iraqi crude through the country's only functioning export pipeline wh ...
ExxonMobil to Invest $1 Billion in Nigeria
ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add about 40,000 barrels per day (bbl/d) of crude oil production, ExxonMobil Nigeria Managi ...
OPEC+ Approves 188,000 bbl/d Output Increase for August 2026
Seven core members of OPEC+ have agreed to implement a crude oil production adjustment of 188,000 barrels per day (bbl/d) for August 2026, according to a release by Organization of the Petroleum Exporting Countrie ...
UNCTAD Warns of Lasting Impact from Hormuz Shipping Crisis
The reopening of the Strait of Hormuz has eased immediate concerns over global energy supplies, but the economic fallout from more than three months of shipping disruptions is likely to persist across vulnerable e ...
