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EnergyEvent / data period:
Eni says its Agiba joint venture has begun start-up activities for a Western Desert gas hub, whose new facility is designed to process up to 100 million standard cubic feet a day.
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US oil and gas producer Chord Energy said its third-quarter 2026 production volumes exceeded the high end of prior guidance for oil, natural gas and natural gas liquids. The financial figures were preliminary and not yet finalized.
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Eni and Libya’s National Oil Corporation say the Bouri project is complete and entering start-up, with recovered gas planned for domestic supply and possible exports.
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Serica Energy reported average production of 37,100 barrels of oil equivalent per day in the first nine months of 2026. It said maintenance and an equipment replacement at the Triton FPSO have pushed the expected restart to late November.
AgricultureEvent / data period:
Butter and meat prices declined, while vegetable oils and sugar became more expensive, Destatis reported.
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The company pledged to pass on the cost benefit from released strategic diesel stocks between 1 November 2026 and 31 January 2027.
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The Department of Energy approved up to 2 million barrels each for ExxonMobil and BP America, with additional barrels due back in 2027.
AgricultureEvent / data period:
The October WASDE raises projected 2026/27 world grain ending stocks by 9.5 million tonnes from September and cuts wheat trade by 2.8 million tonnes.
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Afaq Energy’s proposed takeover of Advanced Central Gas is subject to restrictions including a 30-day payment-term cap and a ban on discounts.
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Petroleum Minister Karim Badawi and SLB chief executive Olivier Le Peuch reviewed the East Mediterranean OBN survey schedule and plans to make data available to investors.
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OPEC said ministers from OPEC and partner producers met in Riyadh on 12 October alongside the International Energy Forum and World Petroleum Congress. They said disruptions to energy flows had pushed shipping and insurance above one-third of commodity value, hindering timely movement of crude and products.
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The two countries’ petroleum ministers signed a cooperation framework covering crude and product trade, storage, logistics, petrochemicals and potential joint investment.
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