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. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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. Qatar
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 imports were up 20% from February and at a five-month high. China
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. By Jonathan Fenton-Harvey In London, reporting on North Africa and Gulf politics
UAE, other Gulf states shift from talk to action on carbon capture tech The idea of capturing and storing carbon emissions instead of letting them enter the atmosphere is gaining momentum in some parts of the Gulf region. It is also the necessary tool to rebrand hydrogen produced from fossil fuels from "gray" to "blue." Gulf
Middle East can supply world's clean energy, says Biden's energy envoy Amos J. Hochstein said the key lies in the effective transport of the region’s abundance of wind, sun and minerals to maintain its energy leadership. Gulf
China’s Bomesc to build $220M Qatar offshore oil, gas facility for Italy’s Saipem The Tianjin-based engineering, procurement and construction company will build the compression facility for an oil and gas field off the coast of northern Qatar for industrial machine manufacturer Servizi Energia Italia. Qatar
In letter to Biden, Barzani warns of Iraqi Kurdistan's collapse, urges mediation KRG Prime Minister Masrour Barzani's letter to Biden is aimed at jolting the administration into action as tensions rise between Erbil and Baghdad. Iraq
How significant is latest US seizure of illicit Iranian oil shipment? The US government said entities affiliated with Iran's Islamic Revolutionary Guard Corps had sought to smuggle the oil to China. Iran
Shipping company in Greece fined $2.4B for breaching Iran sanctions In an agreement with the US, the illegal oil export was kept secret for almost five months amid fears of retaliation from Tehran. Iran
Oil prices surge as Saudi Arabia, Russia extend 1.3 million barrel cut through December The production cuts by Saudi Arabia, Russia and the OPEC+ alliance have succeeded in keeping oil prices up but have also had some negative effects on the Saudi economy. Gulf
Israel, Cyprus, Greece leaders enhance cooperation on gas infrastructure The leaders of Israel, Greece and Cyprus met in Nicosia to discuss strengthening the trilateral strategic alliance between the countries and exploring options for exporting Israeli natural gas via Cyprus to Europe. Israel
Iran's oil production bounces back as exports to China rise despite sanctions Iran's oil industry was hurt by the reimposition of US sanctions in 2018, but has largely recovered since then, in part due to increased exports to China. Iran
Egypt to drill 35 gas wells by 2025 as BP invests The energy giant pledged $3.5 billion in investment into gas exploration in Egypt over the next three years. Egypt
Saudi Arabia’s foreign reserves shrink by $16B in July amid oil cuts The kingdom’s net foreign assets declined to 1.53 trillion riyals ($407 billion), according to the central bank’s monthly report published on Monday. Saudi Arabia
Turkey, Saudi Arabia ink critical mineral cooperation deal Green energy investments will have an important share in cooperation between Turkey and Saudi Arabia, said the Turkish energy minister. Turkey
