- Adnoc signed agreements with Aramco and an Indian firm to explore investments in gas and LNG, and to store oil in India respectively. The deals aim to expand revenues and energy security.
- Mubadala Petroleum purchased a 20% stake in an Egyptian offshore oil concession from Eni, expanding its position in Egypt.
- Oil prices fell over 1% after Trump urged OPEC not to cut supply, despite Saudi plans to cut 1 million bpd to prevent oversupply. Traders said rising US production and a strong dollar also weighed on prices.