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A service for energy industry professionals · Friday, May 8, 2026 · 911,461,463 Articles · 3+ Million Readers
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  • Published on May 8, 2026 - 16:42 GMT

    Oil Prices Drop 3.5 Percent on US-Iran Peace Deal Hopes

    (MENAFN) Oil prices extended their decline on Thursday as investors weighed the growing likelihood of a Middle East peace agreement that could ease supply anxieties and set the stage for the gradual reopening of the Strait of Hormuz. International …

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  • Published on May 8, 2026 - 12:58 GMT

    Egypt, Lebanon Strike Gas Pipeline Agreement

    (MENAFN) Egypt inked a landmark agreement with Lebanon on Wednesday to rehabilitate gas pipelines and energy infrastructure, deepening Cairo's push to stabilize the crisis-stricken country's battered energy sector. The signing came just two days …

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