Turkey launches first overseas drilling mission in Somalia: What to know A drilling ship has reached Somalia to start Turkey's first overseas drilling mission as regional rivalry heats up in the Horn of Africa. Turkey
Analysis How fast can Gulf energy production rebound after US-Iran ceasefire? The truce could pave the way for lost oil and LNG supplies to flow back to global markets, but restoring Gulf energy production to normal levels could take months, if not longer. By Samuel Wendel In Washington, DC, reporting on regional business and tech
EIA hikes 2026 oil price forecasts 22% as Hormuz fuels long-term market fallout In its latest update, the agency said international benchmark Brent crude is now expected to average $96 per barrel in 2026, up from $79 previously, with higher prices now expected to last through 2027. Iran
Iran threatens energy shock, ups Gulf strikes ahead of Trump deadline: What to know Majid Mousavi, head of the IRGC Aerospace Force, declared the start of a “new phase” of the war in response to US threats to target key Iranian civilian infrastructure. Iran
Analysis How the Iran war can help Syria manage Turkey and its regional rivals By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
Turkey’s big plan to launch IPOs for state energy companies: What we know Turkey's financial recovery travails are likely to be the key reason for the change in energy policy. Turkey
Analysis What to make of Saudi-Iranian flurry of diplomatic activity, military channels? A high-level military meeting between Saudi Arabia and Iran on Sunday marked another in a series of recent diplomatic engagements between the two nations. By Rosaleen Carroll In Washington, DC, US, reporting on the Middle East
UAE's ADNOC doubles down on gas, allocating $15B over next 5 years In a Monday statement ADNOC Gas said it had raised its capital expenditure plan to around $15 billion for the next five years, from about $13 billion. United Arab Emirates
Middle East markets rally after Donald Trump's election victory Saudi Arabia’s benchmark index, the TASI, gained 0.9%, while Dubai's main share index gained 0.5%. The Abu Dhabi Securities Exchange, a key player in the region’s stock markets, gained 0.4%. United States
Saudi Aramco in 'advanced' talks on hydrogen offtake as Q3 income drops 15.3% Aramco's Q3 net income fell 15.3% to $27.6 billion on low oil prices. Aramco is looking to expand into new business areas such as renewables and hydrogen. Saudi Arabia
How Trump, Harris presidencies could impact Middle East oil markets Trump has favored a more interventionist approach toward OPEC, while the Biden-Harris administration has used the US' strategic petroleum reserves to influence oil policy Saudi Arabia
Saudi Arabia ramps up renewable tenders to 44 GW, doubles down on oil and gas Saudi Arabia's renewable energy capacity under development will reach 44GW by end of 2024. However, its energy minister told an industry conference that the country will "monetize every molecule" of its oil and gas resources. Saudi Arabia
Saudi Aramco expects oil demand to average 104.5 million bpd in 2024 The CEO of the world's largest oil-exporting company sounded more bullish on oil demand compared with OPEC and the IEA. Saudi Arabia
Analysis Even with Greece venture, Egypt's energy hub ambitions remain far off Egypt's key gas field has seen a slump in output while Cairo continues to import more gas from other countries such as Cyprus and Israel. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
After decade halt, Eni, BP resume hydrocarbon exploration in Libya Onshore drilling had been suspended for a decade, since the beginning of the Libyan civil war between rival factions in the country’s east and west. Libya
What to make of Saudi Arabia's $96B in foreign direct investment in 2023 Driving foreign investment into key sectors is part of Saudi Arabia's efforts to diversify away from an oil-dependent revenue model. Saudi Arabia
Oman state energy firm raises $2B from IPO, sultanate's largest ever OQ raised the funds for its exploration and production business on the local stock exchange. Oman
