Oil and gas

What’s on Putin’s agenda on rare trip to Saudi Arabia, UAE?

The Russian president's trip comes amid heightened tensions in the Middle East, where the Hamas-Israel war has threatened to spill into a wider regional conflict.

Legacy: Gulf

The COP28 scorecard: US leads methane charge, China to slash emissions

COP28 President Sultan Al Jaber also announced a deal to cut methane emissions from the fossil fuel industry, with ExxonMobil and Saudi Arabia's state-owned oil firm Aramco being among the 50 businesses that signed up.

United Arab Emirates

Breaking | Last Updated: November 30, 2023, 3:51 pm

Brazil to join OPEC+ as Saudi-led bloc agrees to oil cuts

Saudi Arabia, which leads the alliance of oil producers, has been instituting voluntary production cuts in an effort to keep prices up.

Legacy: Gulf

COP28 opens in UAE amid intense scrutiny over fossil fuel links

A breakthrough was made on the first day of the UN climate summit as world leaders established a loss and damage fund to help developing countries adapt to climate change.

United Arab Emirates

Interview

IEA calls COP28 'big opportunity' to slash methane emissions

In an interview with Al-Monitor, the International Energy Agency's chief energy economist, Tim Gould, said the climate summit should focus on methane as well as climate finance for the developing world.

Tim Gould

Chief Energy Economist of the International Energy Agency

Italy and Saudi Arabia in talks for major deals as ties grow under Meloni

The government of Italian Prime Minister Giorgia Meloni, which came into power in October 2022, has been working to deepen ties with energy- and cash-rich states in the Middle East and North Africa.

Saudi Arabia

Middle East state oil firms ‘should set the tone’ for lowering emissions at COP28, IEA says

Chief energy economist Tim Gould said it was “a legitimate expectation that these companies should be doing more” to support the clean transition.

United Arab Emirates

Oil & gas industry must not hide behind carbon capture 'illusion,' says IEA

Some of the major carbon emitters have ambitious plans to capture greenhouse gases, but those alone won't be enough to help the planet avert a climate crisis, the agency warned.

United Arab Emirates

Business & Tech Briefing: Dubai gears up for COP28

By Jack Dutton

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

Analysis

What does US envoy Hochstein’s trip to Israel mean for Gaza’s offshore gas?

Gaza’s offshore gas field could provide revenue to the Palestinians, but the estimated amount of gas in the area is relatively small.

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

What’s behind crash of Middle East diesel exports to Europe?

The Middle East is now considered a key source of diesel and other types of fuel for Europe after the European Union sanctioned Russia for its invasion of Ukraine in 2022.

Legacy: Gulf

Iraqi FM says unless US stops Israel, conflict in Gaza will 'burn all of us'

Foreign Minister Fuad Hussein worries that the conflict in Gaza will drag on and expand beyond Israel’s borders.

Iraq