As EU tries to wean off Russian gas, pipeline imports via Turkey rise The European Union is importing more Russian gas via Turkey despite efforts to end imports from Russia. Turkey
ADNOC’s XRG abandons $18.7B takeover bid for Australia’s Santos The consortium led by XRG made an $18.7 billion nonbinding indicative proposal in June to acquire Santos in an all-cash deal worth 8.89 Australian dollars ($5.76) per share. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Exclusive UK-based oil firm victim of standoff between Damascus, Syria’s Kurds Gulfsands Managing Director John Bell outlines his company’s plans and Syria’s energy prospects in an exclusive interview. By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
US sanctions network smuggling Iranian oil diguised as Iraqi: What to know The move come on the heels of the E3’s push to reimpose UN sanctions on Iran. Iran
Analysis Lebanon key to Trump plan for turnaround in Middle East By Andrew Parasiliti In Washington, DC, reporting on diplomacy, regional politics, national security
Analysis As Trump plays Russia oil sanctions gambit, will Middle East profit or pay? A potential US crackdown on Russian oil buyers could disrupt global trade flows — and the Middle East stands to both benefit and lose. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Landmark $18.7B Santos-ADNOC takeover delayed: What to know Santos said in a statement that the due diligence period, initially set for six weeks, has been extended until Aug. 22. United Arab Emirates
$35B gas deal underscores Egypt’s energy reliance on Israel despite Gaza tensions Israel and Egypt have finalized a $35 billion gas deal that will double Israeli gas exports by 2029, highlighting Cairo’s growing energy dependence on its neighbor, even as political tensions rise over Gaza. Egypt
China's oil imports fall 5.4% as Iranian flows recede from June highs US President Donald Trump has intensified pressure on Iran’s economy, clamping down on its oil sector, a critical component of the state budget. Iran
UAE president heads to Russia to meet Putin as ties grow: What to know UAE President Sheikh Mohammed bin Zayed al-Nahyan is heading to Moscow on Thursday for an official visit, his second in less than a year as Russian-Emirati relations continue to develop rapidly. United Arab Emirates
Iran to close public offices as temperatures pass 105 F: What to know Iranian officials are seeking to reduce public energy consumption as water levels decrease throughout the country and power cuts persist. Iran
Aramco's Q2 profits fall 22% as lower oil prices weigh on earnings Saudi Arabian crude exports have been soaring, hitting a three-month high last month, though oil prices remain low. Saudi Arabia
UAE’s ADNOC inks 10-year gas deal with India: What to know The UAE is seeking to export more gas to India as domestic consumption is projected to rise in the South Asian country. United Arab Emirates
Iran mulls nixing zeros from currency as value plunges: What to know Iran has experienced massive inflation in recent years and is now contending with an energy crisis as well. Iran
Egypt inks offshore oil and gas deals with Eni, BP: What to know Egypt faces growing energy vulnerability due to declining natural gas production and heavy reliance on imported supplies. Egypt
Trump admin unveils largest-to-date Iran sanctions on oil 'shipping empire' The sanctions target more than 115 individuals, entities and vessels that the Treasury Department has linked to a network transporting oil from Iran and Russia. Iran
Turkey to begin natural gas exports to Syria on Aug. 2: What to know Turkey will supply gas via a swap deal with Azerbaijan, backed by Qatar financing, the Turkish energy minister said. Turkey
