- Crude Oil (WTI) 91.26 USD/bbl -5.02%
- Crude Oil (Brent) 99.27 USD/bbl -3.97%
- NYMEX Natural Gas 2.84 USD/MMBtu -2.41%
- OPEC Basket Price 116.23 USD/bbl -2.49%
Drones
Ukrainian Drones Strike Moscow Oil Refinery
A major Ukrainian drone attack damaged Moscow’s oil refinery as strikes on Russia’s energy infrastructure continue amid the ongoing Russia-Ukraine war.
LNG
QatarEnergy Warns: Hormuz Crisis Could Delay LNG Expansion Projects
QatarEnergy may face delays to some of its planned Liquified Natural Gas (LNG) expansion projects as the ongoing crisis around the Strait of Hormuz prevents critical equipment from reaching Qatar, Saad al-Kaabi, QatarEnergy CEO and Qatar’s Minister of State for Energy Affairs. said. Speaking at the Qatar Economic Forum in New York, al-Kaabi said the disruption was affecting the delivery of equipment needed for expansion projects.
imports
Europe’s Jet Fuel Imports Rise as Q4 Supply Shortfall Deepens
Europe is expected to face a jet fuel supply shortfall of around 510,000 barrels per day (bbl/d) in the fourth quarter (Q4) of 2026, despite increasing imports from distant suppliers including South Korea, according to Reuters, citing analysts and shipping data.
Natural Gas
TAQA Arabia Launches 14-km Natural Gas Pipeline Project in Jordan
Jordanian Prime Minister Jafar Hassan laid the foundation stone for TAQA Arabia’s 14-kilometer natural gas pipeline serving the Al-Rawdah Industrial City in the Ma’an Development Area, marking a strategic milestone for Jordan’s industrial and energy sectors, according to TAQA Arabia's LinkedIn page. The project is part of two natural gas supply projects for Al-Rawdah and Al-Muwaqqar industrial cities, supported by $70 million in funding from the Abu Dhabi Fund for Development (ADFD).
Agreement
TotalEnergies, GIP Sign $1.8 Bn Deal on African Oil and Gas Infrastructure
The French energy major TotalEnergies has entered into a partnership agreement with Global Infrastructure Partners (GIP), a BlackRock affiliate, to cover its interests in selected oil and gas infrastructure assets in Africa, according to a TotalEnergies press release. Under the agreement, GIP will provide a $1.8 billion capital contribution to TotalEnergies. In return, TotalEnergies will pay GIP a throughput-based tariff over a period of up to 15 years.
Halliburton Wins Eni Contract for Cyprus’ Cronos Deepwater Development
Halliburton has secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater gas development in Block 6 of Cyprus’ Exclusive Economic Zone (EEZ), expanding the US oilfield services company’s role in the Eastern Mediterranean offshore gas sector. Under the multi-year contract, Halliburton will provide integrated drilling, well construction, automation, and completion services for Cronos exploration and development wells.
Aramco Halts October Crude Deliveries to Some European Refiners After Pipeline Attack
Saudi Aramco has told at least two European refiners they will receive no crude oil in October after drone attacks disrupted Saudi Arabia’s East-West pipeline and Red Sea exports, Bloomberg reported.
Mineral Resources and Mining Industries Authority (MRMIA)
MRMIA Opens Licensing for Mining Analysis Laboratories
The Mineral Resources and Mining Industries Authority (MRMIA) has opened applications for licenses to establish and operate laboratories that analyze rocks and ores from mines, quarries and saltpans, following recent amendments to Egypt’s mining regulations.
