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.

FAYEZ NURELDINE/AFP via Getty Images

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.

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

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

This picture shows old Iranian banknotes of 1 million, 500,000,and 100,000 rials (L), and the new banknotes with four zeros removed (R), on Aug. 3, 2025.

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.

JOSEPH EID/AFP via Getty Images

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.

An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on Aug. 18, 2019.

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.

Workers walk past the gas turbine and heat recovery system of Syria's largest power plant on June 12, 2025 in Deir Ali, Syria.

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.

An export train to Russia and China leaves the Ankara station, on Jan. 29, 2021.

Turkey secures $2.8B green financing for Azerbaijan railway: What to know

The 223-kilometer railway will connect to the existing train route that joins Turkey’s northeastern city of Kars and the Georgian and Azerbaijani capitals of Tbilisi and Baku.

A flame from a Saudi Aramco oil instillation known as "Pump 3" is seen in the desert near the oil-rich area of Khouris, 160 kilometers east of the Saudi capital Riyadh, on June 23, 2008.

Saudi crude oil exports hit 3-month high as production soars: What to know

The increase comes as the kingdom is reeling from negative effects of lower oil prices and production boosts from OPEC+ under US pressure.

Iraqi workers tend to a pipe at the Iraqi-Turkish pipeline in Karkuk, northern Iraq, Dec. 1, 2000.

Why Turkey plans to end its 52-year oil pipeline deal with Iraq

The Turkish decree stipulated that the 1973 Turkey-Iraq Crude Oil Pipeline Agreement — along with all amendments to the deal — would be terminated effective July 27, 2026.

A picture taken on December 7, 2022 in Riyadh, shows the Chinese and the Saudi flags adorning a street ahead of the Chinese president's visit to the Saudi capital. - Chinese President Xi Jinping will make a three-day visit to Saudi Arabia this week, meeting the king and de facto ruler of the world's biggest oil exporter. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia's Diriyah awards Chinese firm $1.53B contract: What to know

Saudi Arabia’s Diriyah Company has awarded a major contract to China Harbour Engineering Company for the development of a Vision 2030 project.

SAFIN HAMID/AFP via Getty Images

Drone strike halts operations at Iraqi Kurdistan oil field: What to know

A second drone attack in as many days has suspended operations at an oil facility in Iraqi Kurdistan, with initial investigations pointing to Iran-aligned armed groups.

This photo shows Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital, Doha, Qatar, Feb. 6, 2017.

Analysis

Gulf bets on LNG boom power ahead amid regional energy shifts, war risks

Gulf oil powers are emerging as key LNG players, leveraging rising consumer demand to justify strategic global gas investments and to scale up their own LNG production at home.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech