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

Patrick Pouyanne, CEO, TotalEnergies 1

COP28 could allow oil industry to form coalition to cut emissions: TotalEnergies

TotalEnergies CEO and chairman Patrick Pouyanne said that national oil companies as well as public and private ones must join the group.

United Arab Emirates

Israeli oil platform extracting natural gas from Mediterranean Sea.

Israeli gas continues to flow despite Gaza conflict, but risks remain

A prolonged war might mean less exported gas to Egypt, and in turn less supply for Europe.

Amin Nasser Aramco

Renewable energy industry not ready to shoulder global demand, Aramco says

The boss of the world's largest oil company doubled down on investing more in oil and gas, despite Greta Thunberg and other climate activists protesting outside the conference he was speaking at in London.

A jewelry shop employee displays 24-carat gold bars in Ahmedabad, August 20, 2011.

Oil, gold climb amid Israeli-Hamas war, tighter Russian sanctions

One analyst predicts gold could reach $4,000 per ounce by year-end amid uncertainty caused by the Middle East conflict.

Turkish President and the leader of the Justice and Development (AK) Party Recep Tayyip Erdogan speaks during his party's group meeting at the Turkish Grand National Assembly in Ankara, Turkiye on October 11, 2023. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

Analysis

Gaza war tests fragile Israel-Turkey rapprochement as Erdogan ups rhetoric

Seen once as a champion for the Palestinians, Erdogan has lambasted the Israeli airstrikes in Gaza even as his government has tried to mend ties with Israel.

Ezgi Akin

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

Gaza

Israel-Gaza war: Oil prices spike, Israel begins sell-off to support shekel

Israel's currency tumbled to its lowest level against the dollar since 2016 and the central bank is selling foreign reserves to prop up its value.

French Foreign Minister Catherine Colonna and her Armenian counterpart Ararat Mirzoyan shake hands at the end of a joint press conference following their talks in Yerevan on October 3, 2023. (Photo by ALAIN JOCARD / AFP) (Photo by ALAIN JOCARD/AFP via Getty Images)

Analysis

As Armenia's ties strain with Turkey, France pushes EU to stand with Yerevan

France has positioned itself strictly on Armenia’s side on the Nagorno-Karabakh dispute, but can it avoid generating another crisis with Turkey?

Rina Bassist

By Rina Bassist

In Paris, reporting on Israeli politics and European affairs

Media film and photograph the Abdulhamid Han drill ship, the fourth built by Turkey, in Mersin on August 9, 2022 before it leaves for gas exploration to an undisputed area in the Mediterranean Sea, in south of the city of Gazipasa. - Turkey on August 9, 2022 sent its newest drill ship on the first eastern Mediterranean energy exploration mission in nearly two years. The search for natural gas in energy-rich waters around the divided island of Cyprus has turned into an irritant in Turkey's ties with the Euro

Turkey’s energy minister to visit Israel as talks advance on gas transfers to Europe

The Turkish energy minister says his country’s priority is to bring Israeli gas to Turkey.

The launch of a Tracking and Data Relay Satellite from an orbiting spacecraft.

Israel, Azerbaijan announce landmark deal for sale of two satellites

Israel Aerospace Industries and Azeri space agency Azercosmos announced the signing of an agreement for the sale of two Israeli-developed satellites.

Saudi energy minister

Saudi Arabia, Russia to extend voluntary oil cuts to tighten supply

The announcement from the two most powerful members of the OPEC+ group came hours before ministers from the cartel of oil-producing nations were set to meet virtually on Wednesday.

The Tungsten Explorer, a drillship to explore for oil and gas off the coast of Lebanon.

Eni, Qatar Energy, TotalEnergies bid for Lebanon offshore gas exploration fields

The three energy companies, which are already operating in another block in Lebanese waters in the Eastern Mediterranean, submitted their tenders for offshore exploration in blocks 8 and 10.

Visitors and Aramco staff climb a dune at Shaybah, the base for Saudi Aramco's Natural Gas Liquids plant and oil production in the surrounding Shaybah field in Saudi Arabia's remote Empty quarter desert close to the United Arab Emirates, on May 10, 2016. Despite collapsed global oil prices, production is expanding at Shaybah, as it is in other units of the company at the centre of the kingdom's Vision 2030 drive for diversification away from oil. The Saudi government plans to sell less than five percent of

Saudi Arabia projects $21 billion deficit as economy diversifies from oil

The kingdom was among the world’s fastest-growing economies last year with almost 9% GDP growth after a petrodollar boom amid a global rise in energy prices due to inflation and the Ukraine war.