AngloGold Ashanti Gross Profit from Sukari Mine Jumps 80% in Q1 2026May 12, 2026 AngloGold Ashanti’s Sukari mine in Egypt delivered gross profit of $292 million in the first quarter (Q1) of 2026, marking…
US-Iran Exchange Fire, But ‘Deal’ Speculation MountsMay 12, 2026 The US’ ‘Project Freedom’ to bring tankers trapped in the Gulf out through the Strait of Hormuz lasted barely 24…
Saudi Crude Exports to China Expected to Hit Record Low in JuneMay 12, 2026 Saudi Arabia’s crude oil exports to China are set to decline further in June, as Chinese refiners reduce demand in…
Egypt to Host African Petroleum Producers Meeting in JuneMay 11, 2026 Karim Badawi, Minister of Petroleum and Mineral Resources, has proposed hosting a high-level ministerial meeting for members of the African…
Oil Markets Enter Danger Zone As Inventories DrainMay 11, 2026 Oil markets are entering uncharted territory, with the closure of the Strait of Hormuz now well into its third month.…
ADNOC Drilling Reports Record Q1 2026 Net Profit of $347 MnMay 11, 2026 ADNOC Drilling, the UAE’s Oilfield drilling services company, reported first-quarter (Q1) 2026 results with revenues of $1.23 billion, up 5%…
Vaalco Energy Expands Egypt Drilling in Q2 2026May 11, 2026 Vaalco Energy, the US-based operator, said it began a six‑well drilling program in Egypt in the second quarter of 2026.…
Oil price volatility: there is no sign of let-up! – Oil & Gas Market Trends 2025: Futures Analysis & Industry InsightsMay 11, 2026 Amidst this economic tension, President Trump took to Truth Social to lambast Iran for what he called decades of “delay…
Fujairah Suffers Damage From New Iranian StrikesMay 11, 2026 The UAE accused Iran of carrying out military strikes against the Port of Fujairah on 4 May, although Tehran denied…
Harbour Energy Starts Fayoum-Messinian Gas Development in Q2 2026May 11, 2026 Harbour Energy has started the development of the Fayoum-Messinian field close to its West Nile Delta infrastructure, with first gas…