Oil Price in Egypt — Brent & WTI Crude Today

Egypt is the largest oil and gas producer in Africa outside the Gulf, with offshore Mediterranean fields like Zohr boosting output. It balances domestic consumption with exports, pricing its crude relative to Brent.

Classified here as a significant producer outside opec+, Egypt trades against Dated Brent. That is the pricing reference the sections below work from — the headline Brent number quoted at the top of this page is the global marker, not necessarily the price Egypt settles at.

Egypt produces at scale outside the OPEC+ framework, so its output responds to price and drilling economics rather than to a negotiated quota. That makes it a swing factor the cartel has to plan around: when Brent rises far enough to make new projects work here, the supply response arrives with a lag and caps the rally.

Dated Brent is the reference for Atlantic Basin, European and West African trade, so the headline Brent price maps fairly directly onto import and export contracts here.

Egypt refines for its own market. Domestic refining means crude is imported or produced and converted locally, so the local fuel price reflects crude cost plus the domestic refining margin rather than the landed cost of finished product. Refinery outages and turnaround schedules can therefore move pump prices here independently of Brent.

Crude is invoiced in US dollars worldwide. Where local prices are quoted in dollars or in a dollar-pegged currency, that removes one layer of volatility: buyers in Egypt face the crude move on its own, without an exchange-rate move stacked on top of it.