Oil and gas

Thomas Kronsteiner/Getty Images

OPEC+ members boost output as Trump tariffs bring down oil prices

The US president has been calling on Saudi Arabia and other top oil producers to boost production and bring down prices.

A picture taken on Oct. 17, 2017, shows excess flammable gasses burning from gas flares at the Havana oil field, west of the multiethnic northern Iraqi city of Kirkuk.

Exclusive

Iraq seeks more compensation from Turkey, 'blocks' reopening of Kurds' oil pipeline

Disputes over oil revenues and arbitration claims have kept the Kurdish pipeline closed.

Amberin Zaman

By Amberin Zaman

In Paris, reporting on geopolitics, minorities, human rights, culture

The Iranian-flagged oil tanker Fortune is docked at the El Palito refinery after its arrival to Puerto Cabello in the northern state of Carabobo, Venezuela, on May 25, 2020.

US slaps sanctions on Iran's oil tankers, targets China 'teapot' refinery

Targets of the sanctions include a refinery allegedly purchasing Iranian oil from a vessel linked to Yemen's Houthi militant group.

Aerial view of shipyard dry dock maintenance and repair cargo ship transport and oil ships in Istanbul.

Turkey wants to export gas to Syria, Ukraine, energy minister says

In 2020, Turkey discovered the a massive gas field in Turkish waters of the Black Sea that would help it meet domestic needs and export the energy.

Latest News

Libya now politically stable, 'attractive' to foreign oil firms: NOC chairman

An oil refinery in the northern town of Ras Lanuf is seen in this photo, Libya, June 3, 2020.

UAE’s XRG to make big investment in US energy, ADNOC chief says

Sultan Ahmed Al Jaber, President of COP28, speaks during the opening ceremony of the UNFCCC COP29 Climate Conference on Nov. 11, 2024 in Baku, Azerbaijan.

United Arab Emirates

Saudi Aramco CEO warns of 'painful awakening' as energy costs rise

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.

Analysis

Why Iran oil sanctions on China may not prove as effective as Trump hopes

AFP via Getty Images

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Tadawul

Aramco to invest up to $58B in 2025 gas, renewables ventures, CEO says

Saudi Aramco is investing in an offshore gas field and new business areas such as lithium and blue ammonia, its CEO told stockholders.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE’s ADNOC, Austria’s OMV merge businesses to create $60B plastics firm

Following the acquisition, the new firm, called Borouge Group International (BGI), will be the world’s fourth-largest polyofin company, said ADNOC and OMV.

United Arab Emirates

An oil tanker unloads imported crude oil at Qingdao port in China's eastern Shandong province on May 9, 2022. - China OUT (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

US sanctions on Iran’s 'shadow' oil fleet target brokers in UAE, China

The latest sanctions come after President Donald Trump pledged his administration would drive Iran's oil sales down to zero.

BEIJING, CHINA - NOVEMBER 9: Chinese President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony November 9, 2017 in Beijing, China. Trump is on a 10-day trip to Asia. (Photo by Thomas Peter-Pool/Getty Images)

Analysis

Why Iran's oil exports to China are surging despite Trump's 'maximum pressure'

Data from shipping analytics firm Kpler suggests Iran is offloading more crude from its floating storage off the coast of Malaysia and Singapore.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Traffic flows on a main road past electricity transmission towers in Tehran on December 16, 2024. Iran has suspended operations at several power plants over fuel shortages that have been intensified by rising demand during a spell of freezing weather. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Iranian officials trade blame as energy crisis, outages worsen: What to know

Unplanned power outages across Tehran in February have brought Iran’s energy crisis back into the spotlight, particularly as the country grapples with the strain of the maximum pressure sanctions campaign placed upon it by the United States.

Qatar's Emir Sheikh Tamim bin Hamad Al-Thani (L) walks with India's Prime Minister Narendra Modi before their meeting at the Hyderabad House in New Delhi on Feb. 18, 2025.

Analysis

Qatar to invest $10 billion in India as trade ties expand beyond energy

The announcement came as Qatar's emir wrapped up a two-day state visit to India.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

The Brega oil port is seen in Marsa Brega, some 270 kilometers (168 miles) west of the eastern city of Benghazi, Libya, Sept. 24, 2020.

Private firm breaks Libya oil monopoly, exports more than $600M

State oil company National Oil Corporation has had a monopoly on Libya's oil exports since 1970.

In Bristol, reporting on regional business, climate change, AI, tech

In this aerial image from a drone, tug boats tow the semi-submersible drilling platform Noble Danny Adkins through the Port Aransas Channel into the Gulf of Mexico on Dec. 12, 2020 in Port Aransas, Texas.

UAE's ADNOC eyes US acquisitions amid Trump's energy boom

Close political ties between the UAE and the Trump administration are likely to bode well for Abu Dhabi-based firms looking to tap the American shale boom.

United Arab Emirates

Turkmenistan's President Gurbanguly Berdymukhamedov takes part in the opening ceremony of the East-West pipeline.

In first, Turkmenistan to supply Turkey directly with gas: What to know

BOTAS, Turkey’s state-owned pipeline operator, and Turkmenistan’s Turkmengaz will begin the gas flow from Turkmenistan to Turkey on March 1.

This picture shows a construction site for Saudi Arabia's Public Investment Fund in Riyadh, on April 16, 2023.

Saudi Arabia’s non-oil private sector grows at fastest rate in over a decade

Saudi Arabia's General Authority for Statistics said last week that the kingdom's non-oil GDP growth rate was up 4.3% from 2023, while oil activities declined by 4.5%.

Ruwais

Samsung E&A to build UAE's first methanol plant as country shifts to greener fuels

The methanol facility, based in Abu Dhabi’s Al Ruwais Industrial City, is expected to be completed in 2028.

United Arab Emirates

Saudi Arabian Crown Prince Mohammed bin Salman Al Saud meets with Italy's Prime Minister Giorgia Meloni in AlUla, Saudi Arabia January 26, 2025. Saudi Press Agency

Analysis

Italy revamps ties with Saudi Arabia, eyeing investments and defense trade

On her first visit to Saudi Arabia, Meloni is seeking to rebrand Italy's political engagement in the Middle East and bring about a new era for Italian industry in the region.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics