Oil and gas

An oil tanker unloads imported crude oil at Qingdao port in China's eastern Shandong province on May 9, 2022.

Iran oil exports to China fall sharply amid US sanctions, weakened demand

China is by far Iran’s largest customer for oil, snapping up around 90% of the Islamic Republic’s shipments.

Greece's prime minister Kyriakos Mitsotakis and the President of Egypt Abdel Fattah El-Sisi during the 1st High Cooperation Council between Greece and Egypt at the Maximos Mansion in Athens, Greece on May 7, 2025. (Photo by Dimitris Kapantais / SOOC / SOOC via AFP) (Photo by DIMITRIS KAPANTAIS/SOOC/AFP via Getty Images)

Analysis

Egypt walks tightrope between Turkey thaw and warmer Cyprus, Greece ties

Analysts believe Egypt's rapprochement with Turkey will not affect its long-standing relations with Cyprus and Greece given the mutual benefits they share.

Sara Sherif

Syria electrical poles

Qatari-led consortium signs $7B deal with Syria for 5,000 MW of electricity

Syria’s electricity grid needs extensive expansion after 14 years of civil war.

US Energy Secretary Chris Wright speaks with Al-Monitor president Andrew Parasiliti at an Al-Monitor Global Institute event in Washington, DC, May 22, 2025.

US backs more energy investment in Kurdistan region: Energy secretary

Speaking at the Al-Monitor Global Institute event, US Energy Secretary Chris Wright signaled American support for further investment in Iraqi Kurdistan’s hydrocarbon resources.

Latest News

AI chips, drones, jets: A look at Trump's $3.2 trillion megadeals during Gulf trip

BRENDAN SMIALOWSKI/AFP via Getty Images

Turkey, Iraq leaders tout cooperation in Ankara, but major disputes persist

Turkish President Recep Tayyip Erdogan (front-R) and Iraqi Prime Minister Mohammed Shia al-Sudani (front-L) clap after sponsoring the signing ceremony of memoranda of understanding between Iraq and Turkey, in Ankara on May 8, 2025.

Goldman Sachs lowers oil forecast after OPEC+ boosts production: What to know

Nodding donkey rig pumping crude oil up from the ground of an oil field in the desert.

OPEC+ moves up meeting as oil prices continue to drop: What to know

Brandon Bell/Getty Images

A worker is seen at the Gathering Center 15 (GC 15) oil facility 28 March 2005 in the northern Al-Rawdhatain oilfield, 80 Kms from Kuwait City.

Kuwait renews Shell deal as it seeks to hit 4-million-bpd capacity target

Kuwait, which has one of the lowest costs of production in the world, has lagged behind its regional peers in expanding oil production capacity.

This picture shows a poster depicting King Abdulaziz bin Saud (L), the founder of the modern kingdom of Saudi Arabia, King Salman bin Abdulaziz (C), and Crown Prince Mohammed in Riyadh on April 16, 2023.

China’s Sinopec, Saudi Aramco to establish $4B energy venture: What to know

The joint venture will engage in port operations, crude oil transportation and other activities at the refinery and petrochemical complex in the Gulei Port Economic Development Zone in Zhangzhou, in China's Fujian province.

Demonstrators gather outside the thermal power station in Nasiriyah in Iraq's southern Dhi Qar province to demand the construction of a new station for their region, to allow the province to deal with the chronic power cuts and palliate electricity outage that weight on the daily life, on Sept. 4, 2024.

Exclusive

Turkey stops electricity sales to Iraq after Baghdad fails to settle $70M+ bill

Turkey halted electricity exports to Iraq over unpaid dues, straining ties as Baghdad faces a summer power crunch and unresolved Kurdish oil disputes.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Saudi Arabia, UAE, Qatar face uneven 2025 growth as trade tensions rise: IMF

While Gulf economies face only the Trump administration’s baseline 10% tariffs, the levies have already impacted oil prices and revenue, especially for rentier states like Saudi Arabia.

COONC

UAE’s ADNOC inks deal with China’s largest offshore producer as US tariffs bite

A third LNG deal has been struck between a Chinese entity and the Abu Dhabi National Oil Company as Beijing scrambles for alternative sources to replace the US supply.

United Arab Emirates

Excess flammable gasses burning from gas flares at the Havana oil field, west of the multi-ethnic northern Iraqi city of Kirku, Oct. 17, 2017.

Analysis

Why low oil prices under Trump are unlikely to curb Middle East output

Prices stood around $100 a barrel in 2022, under the Biden administration, but hovered between $63 and $66 this past week.

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

Russian President Vladimir Putin meets with Qatar's Emir Sheikh Tamim bin Hamad al-Thani at the Kremlin in Moscow, on April 17, 2025.

Qatar and Russia to up investment by $2B as emir visits Moscow

Cooperation between Qatar and Russia on energy matters is growing, as Doha seeks to mediate between the Kremlin and Ukraine over the war.

Cheng Xin/Getty Images

China's oil imports highest since 2023 amid Iran crude spike: What to know

Data from analytics firm Kpler from April 11 showed that Iran’s exports were up 20% from February and at a five-month high.

TOPSHOT - France's President Emmanuel Macron (R) shares a laugh with Turkey's President Recep Tayyip Erdogan (L) ahead of a round table as part of the European Political Community Summit in Budapest, on November 7, 2024. (Photo by Ludovic MARIN / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images)

Analysis

France recalibrates Turkey ties as east Med dynamics shift: What to know

After years of strain between France and Turkey, the two countries seem to be seeking rapprochement on regional issues.

Jonathan Fenton-Harvey

By Jonathan Fenton-Harvey

In London, reporting on North Africa and Gulf politics

AFP via Getty Images

Iran oil exports to China soar in March to 1.9M bpd despite US sanctions

The United States and Iran will hold negotiations on the Islamic Republic’s nuclear program on Saturday as Tehran hopes to achieve sanctions relief.

An aerial view of the Cheniere Energy liquefied natural gas plant, on Feb. 10, 2025, in Port Arthur, Texas.

UAE's Mubadala makes first US gas play in wave of Gulf LNG investment

Other Gulf energy majors such as Saudi Aramco and ADNOC have already made significant investments in US LNG.

United Arab Emirates

oil field

After steep fall, oil prices slightly recover following Trump tariff pause

Over the last week, oil prices have plummeted amid the escalating trade war between the United States and China.