Brent crude rose to its highest level since May after Yemen-based Houthi rebels attacked two Saudi oil tankers in the Bab El-Mandeb Strait in the Red Sea, marking a new escalation in the US-Iran conflict Subscribe ...
The collapse of the U.S.-Iran ceasefire could keep Brent crude near $100 per barrel through 2026, according to updated forecasts from Rapidan Energy Group, a Washington-based energy and geopolitical consultancy. Rapidan ...
Israeli government revenues from the offshore gas sector fell by 15% in 2025 as a stronger shekel, lower oil prices and temporary production outages outweighed the impact of another year of robust gas production. The Min...
Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), said Egypt’s crude oil production has hit its highest level in nearly two years. He credited settling outstanding payments to investment partners in Ju...
As part of the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to increase domestic natural gas production, maximize existing infrastructure, and reduce reliance on imports, it is working with BP to bring...
On 22 July, Saudi Arabia and the US were celebrating a landmark nuclear cooperation agreement that the US Department of Energy said would “lay the legal foundation for a decades-long, multi-billion-dollar partnership.�...
Saudi Aramco is offering additional spot crude cargoes for loading from Egypt’s Mediterranean terminal at Sidi Kerir as the company seeks greater export flexibility amid renewed security risks to shipping in the Red Se...
Minister of Electricity and Renewable Energy Mahmoud Esmat met with the UK Ambassador to Egypt Mark Bryson-Richardson to discuss strengthening bilateral cooperation in renewable energy, grid modernization, battery ener...
As Europe accelerates efforts to secure energy supplies, stabilize prices, and speed up its clean energy transition, France and Portugal are hoping to revive long-stalled power interconnection projects with Morocco. The ...
The Ministry of Petroleum and Mineral Resources (MoPMR) has succeeded in fully securing the local market’s natural gas needs during the recent peak in consumption, driven by soaring temperatures. The move ensured sta...
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