Oil and gas

https://www.al-monitor.com/originals/2026/06/will-pashinyans-victory-armenia-be-enough-unlock-peace-turkey-azerbaijan

Explainer

Venezuela’s Delcy Rodriguez meets Erdogan in surprise Turkey visit: What to know

Venezuelan acting President Delcy Rodriguez visited Turkey as part of Caracas' post-Maduro diplomatic outreach, seeking to deepen ties with Ankara in energy, trade and mining despite the continued constraints of remaining US sanctions.

BOUREIMA HAMA/AFP via Getty Images

Algeria begins work on Trans-Saharan gas pipeline to Europe

Algerian state-owned energy giant Sonatrach will build a section of the pipeline and connect it to an existing system in the southwestern Aoulef region that supplies Europe.

AFP via Getty Images

Oman denies disruption at key oil hub after reported drone attack

Oman’s state-owned oil company rebuffed reports about the suspension of oil loading operations at a key port following an alleged drone attack.

Amjad Kurdo / Middle East Images / AFP via Getty Images

Explainer

How Iran war created unexpected economic beneficiaries

The Strait of Hormuz crisis is reshaping global energy and trade flows, creating opportunities for economies far beyond the Middle East.

Latest News

After Gulf attacks, Rubio faces pushback on 'war is over' claim

US Secretary of State Marco Rubio testifies during a House Committee on Foreign Affairs hearing in the Rayburn House Office Building on June 03, 2026, in Washington. The hearing was held to examine the State Department's budget request for fiscal year 2027.

Egypt, Turkey push energy ties in Azerbaijan talks amid Hormuz crisis

A photo of Karim Badawi, Minister of Petroleum and Mineral Resources, speaking at the high-level ministerial session of Baku Energy Week in the Azerbaijani capital.

UAE eyes first multifuel pipeline as Hormuz crisis drags on

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025.

United Arab Emirates

Oil tumbles as Iran signals Hormuz could open within 30 days

Vessels are anchored off the coast of Sharjah in the United Arab Emirates on May 21, 2026.

A woman waves an Iranian flag during a rally against Israel's attacks on Iran, in solidarity with the Palestinian people and to call for world peace in Caracas, on June 19, 2025.

Iran doubles down on Venezuela support as Trump ups threats: What to know

Iran is seeking to boost ties with Venezuela and has expressed solidarity following US strikes targeting drug smugglers off the country's coast, though their energy relationship has declined in recent years.

This picture taken on July 10, 2022, shows a view of the thermal natural gas and fuel oil power plant serving Syria's northern city of Aleppo.

Syria advances Qatar-backed $7B power project amid soaring electricity prices

According to the state-run Syrian Arab News Agency, the plants will use a combination of natural gas and solar energy.

People sit listening as the Chairman and CEO of TotalEnergies Patrick Pouyanne speaks during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, on Nov. 3, 2025.

Egypt courts investors, signs new gas deals at Abu Dhabi ADIPEC summit

Minister Karim Badawi met with executives from companies including Abu Dhabi sovereign wealth fund Mubadala, UAE state energy holding company TAQA, US conglomerate Halliburton and British Petroleum.

sign

Turkey, Iraq sign oil-for-water deal: What to know

The landmark deal between Ankara and Baghdad sets out a finance mechanism to direct Iraqi oil proceeds into Turkish-built water infrastructure.

Ezra Acayan/Getty Images

Oil prices fall for 3rd straight month as Saudi-led OPEC+ weighs more cuts

The falling oil prices are being driven further down by China’s slowdown and are affecting Saudi Arabia’s diversification plans.

US Energy Secretary Chris Wright speaks during an event with President Donald Trump in the Oval Office at the White House on Oct. 6, 2025 in Washington, DC.

US energy secretary scraps visit after Israel puts $35B Egypt gas deal on hold

Despite US pressure, Energy Minister Eli Cohen refuses to approve a $35 billion gas deal with Egypt until "a fair price for the Israeli market" is secured.

A picture taken on Sept. 24, 2020, shows a partial view of the Brega oil port some 270 kilometers west of Libya's eastern city of Benghazi.

Turkey seeks to bolster Eastern Med foothold in new Libya energy talks

The talks between the Turkish ambassador in Libya and the Tripoli government’s energy minister come as Turkey seeks to reduce dependence on energy imports and bolster its energy security.

Algeria's Sonatrach latest foreign oil major to resume Libya drilling

Libya has Africa’s largest proven oil reserves, with approximately 48.4 billion barrels, but political instability had led international energy firms to avoid it for more than a decade.

This picture taken on February 6, 2023 shows a view of Tibbin dual fuel (natural gas and fuel oil) powerplant and Helwan Steelworks, in the Helwan suburb south of Egypt's capital. (Photo by Amir MAKAR / AFP) (Photo by AMIR MAKAR/AFP via Getty Images)

Egypt discovers 18 oil, gas wells as Cairo looks to up energy output

The discoveries support the government's ambition to increase Egypt's domestic energy supply.

Solar panels are installed on the roof of a school in Bahrain's capital, Manama, on Aug. 25, 2022.

Bahrain joins Gulf’s late movers in the solar race with 150 MW project

If completed on schedule, the Bilaj Al Jazayer solar plant would more than double the kingdom’s total installed renewable capacity, which stood at just 69  MW in 2024.

Qatari liquefied natural gas carrier "Duhail" passes through the Suez Canal near the Egyptian port city of Ismailia, on April 1, 2008.

Egypt overtakes Kuwait as MENA’s biggest LNG importer: What to know

Last year, the North African country shifted from being a net exporter to a net importer of LNG, due to soaring demand and production declines.

A man wearing a traditional cloth walks past national flags of Algeria near the Bay of Algiers in Algiers, on Aug. 25, 2022.

Analysis

Algeria hails new $60B energy plan but price slump threatens reform push

The OPEC member recently held its first oil and gas licensing round in a decade, attracting significant international interest and awarding five of six onshore blocks, signaling progress in its energy ambitions despite ongoing challenges.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech