Here is Why Brooge Energy (BROG) Nosedived This Week

The share price of Brooge Energy Limited (NASDAQ:BROG) fell by 52.35% between May 27 and June 3, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let’s shed some light on the development.

Here is Why Brooge Energy (BROG) Nosedived This Week

A huge refinery and oil storage facility with high automated machinery for blending and circulation.

Brooge Energy Limited (NASDAQ:BROG) is the parent company of Brooge Petroleum and Gas Investment Company FZE, which operates as a midstream oil storage and service provider out of the Emirate of Fujairah in the United Arab Emirates.

Brooge Energy Limited (NASDAQ:BROG) crashed this week after the company announced that it would voluntarily delist from NASDAQ by mid-June, with no intentions to list its shares on any other securities exchange. Brooge’s board of directors made the decision after considering several factors, including the absence of an active trading market for the company’s securities, the resources and expenses associated with maintaining SEC and Nasdaq reporting requirements, and the regulatory burdens that have led to significant operating expenses and management focus.

It must be mentioned that Brooge Energy Limited (NASDAQ:BROG) skyrocketed with gains of over 237% earlier in May after President Trump’s successful visit to the United Arab Emirates, with several energy deals signed between the two allies. Moreover, on May 28, 2025, Brooge announced a definitive agreement to sell its core subsidiaries to Gulf Navigation in a deal worth around $884 million. The transaction is expected to close by the end of the third quarter of 2025.

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Disclosure: None.