Kuwait renews Shell deal as it seeks to hit 4-million-bpd capacity target Kuwait, which has one of the lowest costs of production in the world, has lagged behind its regional peers in expanding oil production capacity. Kuwait
China’s Sinopec, Saudi Aramco to establish $4B energy venture: What to know The joint venture will engage in port operations, crude oil transportation and other activities at the refinery and petrochemical complex in the Gulei Port Economic Development Zone in Zhangzhou, in China's Fujian province. Saudi Arabia
Exclusive Turkey stops electricity sales to Iraq after Baghdad fails to settle $70M+ bill Turkey halted electricity exports to Iraq over unpaid dues, straining ties as Baghdad faces a summer power crunch and unresolved Kurdish oil disputes. By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
Saudi Arabia, UAE, Qatar face uneven 2025 growth as trade tensions rise: IMF While Gulf economies face only the Trump administration’s baseline 10% tariffs, the levies have already impacted oil prices and revenue, especially for rentier states like Saudi Arabia. Saudi Arabia
Analysis Why low oil prices under Trump are unlikely to curb Middle East output By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Israel’s FM Cohen discusses Iran threat, energy cooperation in Greece Israel’s Foreign Minister Eli Cohen met Thursday with newly his appointed Greek counterpart Giorgos Gerapetritis. Israel
OPEC on hunt for new members, secretary-general says The oil cartel currently has 13 members, and 10 more countries form the OPEC+ group. Gulf
Shots fired as Iran tries to seize oil tankers in Gulf of Oman, US Navy says The United States said Iran’s navy opened fire on a commercial tanker while attempting to seize it off the coast of Oman, in the latest tense encounter since Washington has moved to block sanctioned exports of Iranian petroleum. Gulf
At OPEC, Saudi Arabia defends oil cuts with Russia despite mild market reaction The kingdom's energy minister called for more industry transparency, despite several news organizations being prohibited from reporting on the OPEC conference he was speaking at. Saudi Arabia
Kuwait rejects Iran's drilling plans in disputed gas field in Gulf Kuwait and Saudi Arabia have a longstanding dispute with Iran over the Durra gas field. The recent disagreement follows improvement in Iran's relations with both countries. Gulf
Saudi Arabia extends oil production cut in attempt to increase prices Russia also moved to tighten supply, announcing it would reduce oil exports to 500,000 bpd in August. Saudi Arabia
Oil prices reach fourth quarterly decline on fears of economic slowdown Benchmark Brent crude futures for September were up 82 cents, or 1.1%, at $75.33 a barrel on Friday. Gulf
Top Saudi officials travel to China to attend 'Summer Davos' as ties deepen The kingdom’s economy minister and other top officials will participate in the so-called Summer Davos as China-Saudi ties continue to gain momentum. Gulf
Analysis How Iraq’s new budget affects oil arrangement with Kurdistan region The success of Iraq's largest-ever budget is partially dependent on oil prices, and follows the federal government asserting more control over the Kurdistan Region's oil sector. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
China signs major LNG deal with Qatar as Beijing’s Gulf push continues QatarEnergy inked a 27-year agreement with the China National Petroleum Corporation (CNPC) to provide 4 million tons of LNG per year. Qatar
Israel to build land fiber-optic cable between Mediterranean, Red seas Israel's Finance Ministry reached an agreement with an Israel state-owned energy company to construct a multi-optic-fiber between Ashkelon and Eilat, with the goal of turning the country into an international communication corridor. Israel
Israel to work with Egypt, Palestine to develop Gaza gas field After years of objection, Israel finally agrees to the development of the Marine undersea natural gas field, off the Gaza coast. Israel
