Oil and gas

Lebanese President Joseph Aoun, right, meets with US Ambassador to Turkey and Special Envoy to Syria Tom Barrack, in Baabda, east of Beirut, July 7, 2025.

Analysis

Lebanon key to Trump plan for turnaround in Middle East

The final "This Week" column reflects on US policy toward Lebanon, Syria, Iraq and Gaza.

Andrew Parasiliti

By Andrew Parasiliti

In Washington, DC, reporting on diplomacy, regional politics, national security

Oil tankers and cranes at Merchants Harbor, Saint Petersburg, Russia.

Analysis

As Trump plays Russia oil sanctions gambit, will Middle East profit or pay?

A potential US crackdown on Russian oil buyers could disrupt global trade flows — and the Middle East stands to both benefit and lose.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

adnoc

Landmark $18.7B Santos-ADNOC takeover delayed: What to know

Santos said in a statement that the due diligence period, initially set for six weeks, has been extended until Aug. 22.

United Arab Emirates

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nahsholim, on Aug. 29, 2022.

$35B gas deal underscores Egypt’s energy reliance on Israel despite Gaza tensions

Israel and Egypt have finalized a $35 billion gas deal that will double Israeli gas exports by 2029, highlighting Cairo’s growing energy dependence on its neighbor, even as political tensions rise over Gaza.

Latest News

China's oil imports fall 5.4% as Iranian flows recede from June highs

A ship loaded with oil docks at a pier with the help of a tugboat at the port of Qingdao, in eastern China's Shandong province on June 12, 2025.

UAE president heads to Russia to meet Putin as ties grow: What to know

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin (R) meets with UAE President Sheikh Mohamed bin Zayed bin Sultan al-Nahyan (L) at the Novo-Ogaryovo state residence outside Moscow on October 20, 2024. (Photo by Artem Geodakyan / POOL / AFP) (Photo by ARTEM GEODAKYAN/POOL/AFP via Getty Images)

United Arab Emirates

Iran to close public offices as temperatures pass 105 F: What to know

An Iranian taxi driver cools down by splashing water on his face on a street amid soaring temperatures in Tehran on July 22, 2025.

Aramco's Q2 profits fall 22% as lower oil prices weigh on earnings

FAYEZ NURELDINE/AFP via Getty Images

Iraqi Foreign Minister Fuad Hussein talks to the press during a EU-Iraq Cooperation Council, at the European Council Building in Brussels on March 19, 2023.

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.

Tamar platform

Chevron resumes gas supplies from Israel’s Tamar field after Gaza war halt

The US energy giant was ordered to shut down the field for security reasons after the outbreak of the Israel-Hamas war.

Saudi Finance Minister

Saudi Arabia to sign more than $500M in deals with African countries

Saudi Investment Minister Khalid Al-Falih said the kingdom’s sovereign wealth fund, the Public Investment Fund, will make some “game changing” investments in Africa.

Excess hydrocarbons being burned off at the Nahr Bin Omar natural gas field, north of the southern Iraqi port of Basra, January 22, 2018.

Iraq and Turkmenistan make progress toward deal to transport gas via Iran

Iraq, currently dependent on Iran for gas and electricity, is seeking to develop its own gas supply as well as import gas from Turkmenistan.

Aniruddha Sharma, CEO and Chair of Carbon Clean.

Analysis

Inside ADNOC's and Carbon Clean's plan to capture CO2 on mass scale

The British company's new project with the UAE energy major is hoping to address those skeptical about the cost, efficacy and viability of carbon dioxide capture as a climate solution.

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

Saudi energy minister Prince Abdulaziz bin Salman

Oil prices rise after Saudi Arabia, Russia extend output cuts

The Kingdom has maintained its oil output cut of 1 million barrels per day since July in an attempt to stabilize the market and prop up prices amid weakened demand.

QatarEnergy

Saudi Aramco, QatarEnergy, UAE’s Emirates among Fortune Arabia top 10

The list of 500 companies from 22 Arab countries posted around $1.6 trillion in revenues in 2022, yielding a net profit of $343 billion.

Riyadh

Saudi Arabia's oil cuts weigh heavy on economy, GDP tanks by 4.5%

The kingdom's economy shrunk by the most since the COVID-19 pandemic in 2020 due to energy measures.

INDRANIL MUKHERJEE/AFP via Getty Images

Gaza war could double oil prices, threaten global food security

Washington-based multilateral lender World Bank compared the situation to the 1973 Arab oil embargo in its latest Commodities Market Outlook.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the northern coastal beach of Nasholim, Israel, Aug. 29, 2022.

Israel hands out gas concessions to BP, ENI as Gaza war drags on

Israel is determined to project a "business as usual" stance despite the conflict with Hamas claiming the lives of thousands of Israelis and Palestinians.

The Tamar drilling natural gas production platform, some 25 kilometers west of Ashkelon, Israel, February 2013.

Analysis

Could Israel-Hamas war lead to another winter energy crisis for Europe?

LNG spot prices have shot up since the Israel-Hamas conflict broke out, but European inventories are at all-time highs.

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

Shell's Brent Delta Topside offshore oil drilling rig platform.

Oil prices on rise amid Israel-Hamas war, Iran embargo call

Oil prices have risen to an extent following the start of the Israel-Hamas war, but further gains may be dependent on how the conflict plays out.