- Crude Oil (WTI) 98.49 USD/bbl -0.54%
- Crude Oil (Brent) 109.29 USD/bbl -0.60%
- NYMEX Natural Gas 3.22 USD/MMBtu 0.0%
- OPEC Basket Price 108.00 USD/bbl -1.76%
Sidi Kerir Petrochemicals (Sidpec)
Sidpec Revenue Rises 34.8% in 9M 2026
Sidi Kerir Petrochemicals Company (Sidpec) generated EGP 14.713 billion in revenues during the first nine months of 2026, marking a 34.83% increase compared to the same period last year, according to the company's financial disclosure to the Egyptian Stock Exchange (EGX).
MoPMR
Egypt to Sign Agreements for Cyprus’ Aphrodite Gas Field at MOC 2026
Egypt is expected to sign agreements related to Cyprus’ Aphrodite gas field during the Mediterranean Offshore Conference and Exhibition (MOC 2026), scheduled for October 20-22 in Alexandria, according to the event’s agenda. The agreements will involve US Chevron, the Egyptian Natural Gas Holding Company (EGAS), and the Ministry of Petroleum and Mineral Resources (MoPMR), according to the event's agenda. It includes a Fiscal Regime Agreement (FRA), a Gas Sales and Purchase Agreement (GSPA), and a Gas Transportation Agreement (GTA).
Russia
Oil Prices Falls as US Waiver on Russian Sanctions Raises Supply Prospects
Oil prices fell in early Asian trade on October 19 after US President Donald Trump waived sanctions and tariffs on Russia, which could allow more Russian fuel to reach global markets, however, ongoing disruptions to Middle Eastern crude flows meant the scope for a sustained decline was limited. Brent crude futures fell 0.96% to $108.80 per barrel by 2214 GMT on October 18, while US West Texas Intermediate (WTI) crude dropped 0.23% to $101.18 per barrel.
Seismic Survey
Egypt to Launch 18,000-Sq-Km Seismic Survey to Boost Gas Exploration
Egypt is planning to begin the first phase of an advanced offshore seismic survey in the Eastern Mediterranean within two weeks, covering 18,000 square kilometers (sq km), to identify new natural gas exploration prospects, Minister of Petroleum and Mineral Resources Karim Badawi said in a ministry statement on October 18.
fertilizer
Fertiglobe Eyes $1.5 Bn Phosphate Fertilizer Complex in Egypt
Fertiglobe is considering an integrated phosphate fertilizer complex in Ain Sokhna, Egypt, with investments exceeding $1.5 bn and an annual production capacity of 1.3 million tons (mmt), according to a Ministry of Petroleum and Mineral Resources statement published on October 18.
investment
Venezuela Expects $76 Bn in Oil, Natural Gas Investments Over Five Years
Venezuela is expecting to attract approximately $76 bn in investment in its oil and natural gas sectors over the next five years as the government seeks private capital to boost production, interim President Delcy Rodríguez said on October 18, Bloomberg reported.
Russia
Türkiye to Take Russian Diesel Under Trump Deal
Türkiye will receive part of the diesel Russia is supplying to global markets under an agreement with US President Donald Trump, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on October 18, according to Reuters.
solar power
China’s Solar Panel Exports Fall 6.4% YoY in September
China’s exports of solar cells and panels by weight fell 6.4% year on year (YoY) in September to 1.21 million metric tons (mmt), Reuters reported on October 18, citing customs data.
