Middle East | Egypt Oil & Gas

India’s IOC Purchases 3 mmbbl of Crude for November Delivery

Indian Oil Corporation (IOC), India’s largest refiner by capacity, has purchased 3 million barrels (mmbbl) of crude oil from the Middle East and West Africa for November delivery across several Indian ports, trade sou...

bp Reaffirms Middle East Commitment Amid Restructuring

British Petroleum (bp) has no ​intention of shying ‌away from the Middle ​East, CEO Meg ⁠O’Neill told ​the Energy ​Intelligence conference in London on Monday. O’Neill ​added that ​bp is working ‌with ⁠the...

Middle East Oil Exports Surge as Saudi Arabia Drives September Recovery

Crude oil exports from key Middle Eastern producers are set to rebound to 12.8 million barrels per day (mmbbl/d) in September, their highest level since the US-Israeli war with Iran began in February, as Saudi Arabia ...

US Proposes $5 Bn Fund to Rebuild Energy Sites Damaged in War

The administration of US President Donald Trump proposed investing $5 billion in a new fund to rebuild energy infrastructure in the Middle East following a war with Iran, Reuters reported citing a report from Wall Str...

China, India LNG Demand Poised for Recovery as Global Supply Eases

China and India’s liquefied natural gas (LNG) imports are expected to recover from multi-year lows once the Middle East supply crunch ends and prices decline, Reuters reported, citing industry executives. The Middle E...

Fuel Oil Supply Faces Q3 Shortfall Amid Refinery Disruptions

A shortage of fuel oil used by ships and power plants is expected to emerge in the third quarter (Q3) of 2026 as refiners affected by wars, refinery disruptions, and tanker traffic constraints prioritize diesel and ot...

TotalEnergies Boosts 2Q-2026 Profit Despite Disruptions

TotalEnergies posted its second-quarter results, amid rising commodity prices and an integrated business model boosting earnings and cash flow despite Middle East-linked disruptions. Adjusted net income rose 12% quart...

Middle East Oil, LNG Shipments Continue Despite Hormuz Tensions

Middle Eastern producers are continuing to load oil and liquefied natural gas (LNG) despite recent ship attacks in the Strait of Hormuz and renewed US -Iran strikes, according to shipping data reported by Reuters. Shi...

Hormuz Disruptions Force China to Delay 500,000 bbl/d in Refining Capacity

Chinese refiners have delayed two major refining projects slated for 2026 deployment, freezing a combined capacity of 500,000 barrels per day (bbl/d) following Middle Eastern crude supply disruptions at the Strait of ...

South Korea Nears Oil Supply Deal with Kazakhstan Amid Middle East Disruptions

South Korea is close to securing crude oil supplies from Kazakhstan, as Seoul steps up efforts to diversify energy sources amid ongoing conflict in the Middle East, the country’s industry minister announced, according...

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