OPEC+ moves up meeting as oil prices continue to drop: What to know Saudi Arabia has signaled it is willing to live with lower oil prices as US President Donald Trump calls for more production. Saudi Arabia
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
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
Analysis What is behind Kuwait's change of government, economic woes? The decades-long dance of political reshuffles has prevented the execution of investment and reforms in national infrastructure, health and social services, and also economic projects. By Salim A. Essaid
Saudi Arabia will mine minerals, but can it extract maximum added value? The kingdom wants to leverage its untapped mineral deposits to boost non-oil exports and incentivize local manufacturers to turn raw materials into high-value products. Gulf
TotalEnergies confirms $10 billion investment in Iraq oil fields, solar plant The long-delayed deal is expected to bolster the regional electricity grid in the south of the country. Iraq
Oil deal reached between Iraq and Kurdistan Regional Government The Kurdistan Regional Government says an agreement will result in the resumption of oil exports to Turkey after a legal dispute stopped outflows. Iraq
Oil prices rise by 5% after OPEC's surprise output cut decision Brent Crude had its sharpest price increase in almost a year on Monday after reports that major oil producers will slash their output. Gulf
OPEC+ likely to maintain output in light of Kurdish oil dispute Analysts say the OPEC+ alliance is unlikely to cut production and there could be be a oil glut in the second half of 2023. Gulf
Saudi's Aramco could list in Hong Kong as China relations warm Aramco's latest deals in the Chinese market are fueling speculation that the Saudi giant could be set to list one of its subsidiary companies on the Hong Kong Stock Exchange (HKSE). Gulf
Iraqi efforts underway to resolve Kurdish oil exports via Turkey Ankara, Baghdad and Erbil appear willing to negotiate a new mechanism after an international tribunal dealt a blow to Kurdistan’s drive to sell its oil independently. Turkey
Israeli, Cypriot, Greek FMs discuss Iran's IRGC in Cyprus meeting The Iranian threat, security cooperation, joint energy projects and tourism were all discussed at the three-way meeting of the Israeli, Cypriot and Greek foreign ministers in Nicosia. Israel
China settles first LNG trade in yuan with UAE deal China has held several discussions with countries in the Middle East and North Africa about conducting trade using its local currency. Gulf
International oil firms stop operations as Iraqi-Kurdish oil dispute continues A Kurdish official told Al-Monitor that the Kurdistan Regional Government disagrees with an Iraqi government proposal to resolve the issue, as the stoppage of oil exports to Turkey threatens the autonomous region's economy. Iraq
Saudis joining Shanghai Cooperation Organization as China bromance blossoms Russia, China and a number of former Soviet states in Central Asia created the SCO in 2001 to counter US hegemony in the region. Gulf
