- Crude Oil (WTI) 85.35 USD/bbl 2.29%
- Crude Oil (Brent) 90.19 USD/bbl 2.37%
- NYMEX Natural Gas 2.94 USD/MMBtu 1.73%
- OPEC Basket Price 89.59 USD/bbl 2.61%
PetroChina
PetroChina Revenue Rises 5.3% in H1 2026, Profit Grows by 22%
PetroChina reported RMB 1.53 trillion (around $214.5 billion) in revenue for the first half of 2026, marking a 5.3% year-on-year (YoY) increase, according to the company’s interim results. Profit attributable to owners of the company reached RMB 103.94 billion ($14.6 billion), rising 22% YoY and exceeding RMB 100 billion for the first time in a six-month period.
Oil
Trump Says Venezuelan Oil Deal Will Help Replenish US Strategic Reserve
Trump said oil from a new Venezuela deal will be used to replenish the depleted US Strategic Petroleum Reserve, as Washington moves to gain greater control over Venezuela’s vast crude reserves.
DAPETCO
EGPC Pushes South Dabaa, PetroNefertiti to Raise Oil, Gas Production
Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), called for higher oil and gas production as South Dabaa Petroleum Company (DAPETCO), PetroNefertiti, PetroKarim and Rahmi reviewed their FY 2025/26 results.
US
US Plans 35% Stake in Venezuelan Businessman’s Oil Venture
The US plans to acquire a 35% passive stake in Venezuelan businessman Alejandro Betancourt’s North American Blue Energy Partners.
Russia
Russia Extends Diesel Export Ban Until September 30
The US plans to acquire a 35% passive stake in Venezuelan businessman Alejandro Betancourt’s North American Blue Energy Partners, according to the Wall Street Journal.
crude oil
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.
renewable energy
Egypt, Masdar Accelerate Wind, Solar, Battery Projects
Egypt’s Electricity Minister Mahmoud Esmat met with Masdar CEO Mohamed Jameel Al Ramahi to discuss accelerating the company’s renewable energy projects in Egypt, including wind, solar, and battery energy storage projects, as the country targets a 45% renewable energy share in its power mix by 2028.
Agriculture and Land Reclamation
Agriculture, Petroleum Ministries Deny Cut to 2.4 Mn-Ton Fertilizer Subsidy Quota
Egypt’s Ministries of Agriculture and Land Reclamation and Petroleum and Mineral Resources have denied reports that the annual quota of subsidized fertilizers supplied to the agricultural sector has been reduced from August.
