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
Fossil fuel subsidies in Middle East nearly doubled since 2020, says IMF The fund said that fossil fuel companies globally benefited from $13 million in subsidies per minute last year. Gulf
Israel to export more gas to Egypt as cooperation grows Israeli-Egyptian cooperation on gas matters has increased significantly in recent years, despite Egyptian criticism of Israeli policy towards the Palestinians. Egypt
Turkey’s FM tackles long-held disputes with Iraq in first official visit Hakan Fidan chose Iraq for his first official visit as Turkey's new foreign minister, but the visit appeared to yield little progress on long-standing disputes between Ankara and Baghdad. Turkey
US shale giant to invest $1.4B in Egyptian fossil fuel projects At the end of last year, Apache Corp's main interests in Egypt were in the Western Desert with 5.3 million gross acres in six separate concessions. Egypt
US finally unloads Iranian oil from seized tanker The Iranian oil aboard the Suez Rajan sat unloaded off the coast of the United States for months amid threats from Iran, causing concern in Congress. Iran
Israeli environmental report warns of threats to Eilat coral reef Following an alarming report by the Ministry of Environmental Protection, Israeli environmentalists are calling for tighter limits on oil shipping in the Gulf of Eilat. Israel
Hungary inks deal for Qatari gas Hungary and Qatar have signed a gas exportation deal as Europe diversifies its energy sources. Qatar
US lawmakers question if Iranian 'intimidation effort' delaying seized oil transfer American shipping companies have reportedly been reluctant to offload Iranian oil from a tanker anchored off the coast of Texas. Iran
Saudi oil exports fall to 21-month low The decline in the kingdom’s oil exports follows its production cuts as well as those of Russia. Saudi Arabia may face difficulties maintaining price stability moving forward. Gulf
Offshore gas rig sets up in cash-strapped Lebanon The arrival of the machinery marks a significant development for Lebanon, which hope gas exploration will revive its ailing economy. Lebanon
How significant is India's first ever use of rupees for UAE oil payment? Abu Dhabi National Oil Company (ADNOC) received the rupee payment of an undisclosed amount from Indian Oil Corp., according to an Indian Embassy statement acquired by Reuters. United Arab Emirates
Analysis Russia’s oil sales to China hurt Saudi revenue despite increased demand Despite oil prices maintaining a seven-week rally and crude demand expected to reach record highs in 2023, the burden of maintaining higher oil prices is pushing Saudi Arabia to the limit. By Salim A. Essaid